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JPEX Floats "DAO Stakeholder Dividend Plan" for Users as Authorities Block Access to Exchange
21.9.2023
In response to the ongoing HK$1.3 billion scandal in which Hong Kong police have asked telecom service providers to block access to JPEX's website, resulting in the arrest of three additional individuals suspected of conspiracy, JPEX has put forth a new dividend plan for its investors....
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Crypto Exchange JPEX Suspends Earn Trading Amid Ongoing Investigations in Hong Kong
18.9.2023
Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police and the financial regulator over suspected fraud.
The company announced Sunday that it would “delist” all transactions associated with...
SFC Warns Unregistered Crypto Exchange JPEX of Potential Criminal Liability
14.9.2023
The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers.
The SFC also...
SEBA Bank secures in-principle nod for crypto services in Hong Kong
30.8.2023
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month
What in the World Is Going on With Crypto Regulation?
10.8.2023
Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need...
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...
OSL acquires an upgraded SFC certification
4.8.2023
OSL, being the first SFC-certified digital asset platform, has acquired an upgraded version of the certification issued by the Securities and Futures Commission (SFC) in Hong Kong. The certification comes into play with immediate effect. OSL is into providing retail investors the opportunity...
Hong Kong establishes task force to advance Web3 development
2.7.2023
The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement
Crypto Trading Crucial to Virtual Asset Ecosystem, Says Hong Kong SFC Chief
25.6.2023
Cryptocurrency trading is an important part of the virtual asset ecosystem, according to Julia Leung Fung-yee, CEO of the Securities and Futures Commission (SFC) of Hong Kong.
In a recent speech, Leung said the city-state recognizes the importance of crypto trading, adding that it welcomes...
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief
24.6.2023
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy
Hong Kong and UAE central banks collab on crypto rules, fintech development
31.5.2023
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
30.5.2023
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region
Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
23.5.2023
The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops
HashKey launches wealth management service citing ‘significant’ demand
14.4.2023
Hong Kong’s HashKey recently received a number of licenses from local regulators, allowing it to expand its range of products and services
Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements
12.4.2023
If DeFi activity falls within the scope of the Securities and Futures Ordinance, it will be subject to the same regulatory requirements as traditional financial activity, says SFC official
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor
5.4.2023
Lucy Gazmararian, an advisory board member to Hong Kong's securities regulator said its crypto rules may present short-term challenges to crypto startups
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
20.3.2023
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so
ChangeNOW expands in Hong Kong, pursues a SFC license in line with new regulations
16.3.2023
Amidst ambiguous regulatory environments that threaten the United States’ position as a crypto hub, Hong Kong may become a global nexus for digital assets. The Securities and Futures Commission (SFC) of Hong Kong has drafted rules for trading platforms that digital assets and is seeking...
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment
14.3.2023
The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial...
Hong Kong takes measures to get virtual asset operators licensed by SFC
22.2.2023
The Securities & Futures Commission (SFC) takes inspiration from the Securities & Futures Ordinance with the difference that the SFC is dedicated to the operators of virtual assets. Hong Kong is now looking to strengthen its functions by ensuring that either the operators of virtual assets...