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Nalezeno "Hong Kong": 1339

A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

25.10.2022
IRS broadens the classification of crypto, Ripple gets another point in a case against SEC, and Hong Kong considers its own regulatory framework in opposition to China

HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

25.10.2022
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings

Crypto News Summary: Bitcoin Mining Difficulty (Re)Breaks Record, NFT Can Be Property in Singapore, Ed Sheeran's Hacker Imprisoned

24.10.2022
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: Crypto News Summary: Bitcoin Mining Difficulty (Re)Breaks Record, NFT Can Be Property in Singapore, Ed Sheeran's Hacker...

Hong Kong Presents Digital Currency Prototype, Project Aurum

24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

21.10.2022
The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region

Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank

21.10.2022
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: Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank

Not like China: Hong Kong reportedly wants to legalize crypto trading

21.10.2022
Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements

Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’

21.10.2022
The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this...

Hong Kong to Clarify Crypto Position During FinTech Week

17.10.2022
The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event. ... Read More: Hong Kong to Clarify Crypto Position During FinTech Week

Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’

15.10.2022
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect...

Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi

10.10.2022
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited...

First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns

6.10.2022
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore. Bitcoin trades sideways

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

29.9.2022
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of...

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...

Connect With FinTech Professionals at Hong Kong FinTech Week 2022

29.9.2022
Asia’s flagship FinTech event Hong Kong FinTech Week: Pushing Boundaries, Reaping Benefits, will be held from October 31 – November 04, 2022, at the Hong Kong Convention and Exhibition Centre and Online. Thousands of FinTechs and financial professionals, investors, regulators, and tech...