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Smaller BTC Miners Might Close Shop Post-Halving: Bitfinex Warns
18.3.2024
Hong Kong-based crypto platform Bitfinex has warned BTC miners of a potential centralization of power amid post-halving. On March 15, Bitfinex published a comprehensive blog report forecasting financial pressure on small miners. The fourth Bitcoin halving is a widely anticipated event in the crypto...
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
16.3.2024
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing...
MEXC is Operating Without License in Hong Kong, Regulator Warns
15.3.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illegal activities of crypto exchange MEXC.
The post MEXC is Operating Without License in Hong Kong, Regulator Warns appeared first on Cryptonews
Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License
15.3.2024
Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed
Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases
15.3.2024
Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program.
The post Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases appeared first on Cryptonews
Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny
14.3.2024
On March 14, Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using Bybit, a popular cryptocurrency exchange platform.
The post Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny appeared first on Cryptonews
Hong Kong's Markets Regulator Issues Warning Against Crypto Exchange Bybit
14.3.2024
Hong Kong's markets regulator identified Bybit as a suspicious cryptocurrency exchange and placed several of its products on its suspicious investment products list
Hong Kong Starts New Phase of CBDC Testing
14.3.2024
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said
Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs
13.3.2024
Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency...
Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations
12.3.2024
Hong Kong's central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner.
The post Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test...
Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
12.3.2024
The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox
Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position
11.3.2024
In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment products.
The post Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market...
Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative
9.3.2024
The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in the project, the Hong Kong Monetary Authority...
CoinDesk Brings Consensus to Hong Kong
7.3.2024
The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub
CoinDesk Brings Consensus to Hong Kong
7.3.2024
The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub
Hong Kong Central Bank Launches Wholesale CBDC Project to Foster Tokenization
7.3.2024
Hong Kong's central bank has announced the launch of a new project called "Project Ensemble," aimed at supporting the development of the tokenization market in the city-state through a wholesale central bank digital currency (wCBDC).
The post Hong Kong Central Bank Launches Wholesale CBDC Project...
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
7.3.2024
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said
Binance Receives Cyber Security Professional Award from Hong Kong Authorities
6.3.2024
The Hong Kong government recognized Binance with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape.
The post Binance Receives Cyber Security Professional Award from Hong Kong Authorities appeared first on Cryptonews
Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June
6.3.2024
Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and Futures Commission (SFC). The commission closed the period for these institutions to introduce their applications to obtain a license on February 29 and will...