Blockchain ranked Hong Kong’s largest fintech sector in 2019
Blockchain startups accounted for the largest share of fintech startups that opened shop in Hong Kong, accounting for 40% of all startups in 2019.
Latest Hong Kong News
Bitcoin SV onramp BuyBSV expands to 2 countries, 2 US states
BuyBSV.com, one of the easiest and most secure ways to buy Bitcoin SV, is now available in India, Hong Kong, Iowa, and Arizona.
BuyBSV.com expands to India, Hong Kong, Iowa and Arizona
More projects are built on the BSV chain and more people want to buy BSV, because it is one of the best performing assets of the last 12 months, BuyBSV.com further expands its geographical availability.
Curv opens Hong Kong office, announces Crypto Garage integration
Curv has announced a new partnership with Crypto Garage, a Japanese company that is building an atomic settlement platform on the Bitcoin blockchain.
Hong Kong regulator begins crypto exchange crackdown
The move comes after the FATF recommended changes in policy in Hong Kong to comply more closely with its standard guidelines.
Fidelity acquires 5% stake in Hong Kong crypto group
Fidelity has acquired a 5.6% stake in Hong Kong digital assets firm BC Group for $14 million. BC Group operates one of Asia’s largest pro crypto platform
Bitspark remittance platform shuts down, blames internal restructuring
Hong Kong-based crypto remittance platform Bitspark has shut down. The company has blamed botched internal restructuring and unrest in Hong Kong for its woes.
Tencent secures license to build virtual bank
Tencent has received a new license from the Hong Kong Securities and Futures Commission to create a virtual bank powered by blockchain technology.
This week in tech: Regulation takes center stage as China delves further into blockchain
China is advancing in blockchain adoption, the U.S. is moving towards regulation, Hong Kong and Turkey are moving closer to launching CBDCs
Hong Kong, Thailand to release joint CBDC report by Q1 2020
Hong Kong and Thailand have been conducting research on a state-backed digital currency, with the report coming by Q1 next year.
North Korea suspected of laundering money via HK blockchain firm
North Korea has reportedly been laundering money through a blockchain company it set up in Hong Kong, in a move designed to evade international sanctions.
Crypto exchanges to be treated as brokers under Hong Kong’s new framework
The Hong Kong Securities and Futures Commission has issued the new rules, which will enable operators to become licensed by the regulator for the first time.