Digital currency firm Amber reduces employee count in Hong Kong: report
Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and the entire audit and compliance unit.
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Samsung’s investment arm keen on offering spot digital currency ETFs to Hong Kong investors
Sam Park, CEO of Samsung Asset Management in Hong Kong, expressed optimism that the city-state will soon give the green light for spot-based ETFs, with its goal of "developing a crypto hub."
Hong Kong wants retail investors access limited to ‘highly liquid’ products
The new trading restriction will take effect once the new licensing regime for digital assets passes in June.
Hong Kong moves toward becoming digital currency hub, financial secretary says
Chan noted that under the policies of "grabbing" enterprises and talents, the gov't is actively reducing the tax burden on fintech and digital asset firms interested in setting up shops in Hong Kong.
Hong Kong lawmaker wants to convert its planned CBDC to stablecoin
The wider virtual currency ecosystem could gain from converting the planned CBDC to a stablecoin, according to Wu Jeizhuang, member of Hong Kong’s Legislative Council.
Hong Kong financial services firms gearing up to secure licenses from SFC
The application for the new licensing requirement is expected to start on June 1, but the Securities and Futures Commission has yet to clarify its plan to expand the rules to include retail investors.
2 AAX executives arrested in Hong Kong over alleged fraud amid withdrawal freeze
Police in Hong Kong suspect that the AAX's scheduled "system maintenance" that led to funds being unable to be withdrawn was a means to defraud customers of their digital assets.
Hong Kong’s securities watchdog warns of losses from digital asset saving and deposit products
The Securities and Futures Commission clarified that it doesn’t regulate the industry and urged caution from investors, reminding them they risk losing all their money amid FTX collapse.
Hong Kong’s new bill introduces first-ever VASP licensing regime
Hong Kong’s lawmakers passed an amendment to the city’s AML laws that takes effect on July 1, bringing VASPs under the purview of the SFC for the first time.
Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion
Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while BOK's Rhee is skeptical of whether these assets truly have benefits.
Thailand’s Bitkub exchange considers listing in Hong Kong as it plans to go public by 2024: report
Bitkub CEO Jirayut Srupsrisopa reveals that part of the allure of Hong Kong is the presence of a crystal clear regulatory process and a highly liquid stock exchange.
Hong Kong to maintain cautious approach to digital assets amid FTX collapse
Hong Kong’s Financial Secretary Paul Chan says the FTX crash only shows that the digital asset industry needs more transparency and regulations.