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Taiwan Police Bust $320 Million Crypto Money Laundering Racket
1.11.2023
Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT. The criminal network, led by a merchant named Qiu, spanned multiple countries in Southeast Asia, including Malaysia, Philippines, and Hong...
Project mBridge reveals details of its workings ahead of MVP, commercial debut
31.10.2023
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is
Ripple Labs and Hong Kong’s Fubon Bank Team to Offer Property Equity Access to Locals
31.10.2023
Ripple Labs is working on a pilot program with Hong Kong’s Fubon Bank to offer property equity access to residents. The developer of the XRP cryptocurrency revealed that the collaboration is a part of the e-HKD pilot project. Ripple and Fubon Bank were selected to demonstrate a use case...
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
31.10.2023
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets
Banking Giant Standard Chartered’s Crypto Custody Firm Zodia Launches in Hong Kong
31.10.2023
British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm’s CEO emphasized. Zodia has already expanded into...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
30.10.2023
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said
Standard Chartered-owned crypto platform Zodia launches in Hong Kong
30.10.2023
Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said
Standard Chartered-Backed Crypto Custody Zodia Launches in Hong Kong
30.10.2023
Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month. Established...
8 More Arrested in JPEX Scandal as Total Fraud Amount Exceeds $213 Million
27.10.2023
Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36. The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in...
Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License
25.10.2023
Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report.
The trading platform, known as HKVAEX, was created...
Today in Crypto: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches a 'Keyless' MPC Wallet
24.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches...
Hong Kong CSOP Bitcoin Futures ETF Marks Record Trading Volume and Net Inflow Amid Recent Rally
24.10.2023
Hong Kong's CSOP Bitcoin Futures ETF has experienced a surge in trading volume and net inflow amidst the recent Bitcoin (BTC) rally.
On October 24, the ETF recorded a trading volume of HK$175.87 million, accompanied by net inflows of HK$138 million, marking the highest trading volume and...
Regulators around the globe assert more control over crypto: Law Decoded
23.10.2023
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets
Today in Crypto: Thailand Delays Digital Wallet Plan, Crypto Wallet Downloads Dropping Last Two Years, Reddit Removes Alleged Insider-Trading Moderators
23.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Thailand Delays Digital Wallet Plan, Crypto Wallet Downloads Dropping Last Two Years, Reddit Removes...
Hong Kong Regulator Gives Green Light to Wider Retail Virtual Asset Investments With Applicable Safeguards
23.10.2023
Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments....
Read More: Hong Kong Regulator Gives...
Hong Kong Regulator Gives Greenlight to Wider Retail Virtual Asset Investments With Applicable Safeguards
23.10.2023
Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments....
Read More: Hong Kong Regulator Gives...
Hong Kong Reverses Stance on Spot-Crypto, ETF Investing, With a Catch
23.10.2023
Hong Kong's financial regulators have overturned previous guidance that limited the sale of spot crypto products to professional investors. But there's a catch
Hong Kong FinTech Week 2023 “Fintech Redefined.”
23.10.2023
Invest Hong Kong (InvestHK) on October 18 unveiled details of Hong Kong FinTech Week 2023 (HKFW). The eighth edition of HKFW, themed “Fintech Redefined.” will occur from October 30 to November 5. This flagship event lies at the core of global fintech innovations and aims to shape...
Hong Kong Customs Chief Addresses Money-Laundering Risks in Crypto Exchanges Post JPEX Scandal
23.10.2023
Hong Kong's Commissioner of Customs and Excise, Louise Ho Pui-shan, has called for increased oversight and regulatory measures in response to mounting money-laundering risks within the crypto sector.
This call to action comes amid the HK$1.5 billion ($191 million) JPEX scandal that exposed...