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.
So far, there’s only one firm that could be publicly identified as having received approval, namely Diginex which manages a “fund of funds” product featuring crypto assets.
The regulations have stipulated the expected conduct of fund managers and are expected to spur the growth of the institutional crypto trading market in Hong Kong.
Crypto payment processor BitPay has been slammed by press reports in Hong Kong amid claims the firm blocked crypto donations to Hong Kong for a number of weeks.
Wong Ching-kit, the crypto playboy finally admitted his publicity stunt and has been given a ten-day sentence.
Stan Group has partnered with security token insurance provider Liquefy “to jointly explore the business opportunities of real estate tokenization.”
Diginex now has the license to provide a new product for Hong Kong investors, and expect to grow exponentially.
The Securities and Futures Commission of Hong Kong believes the exchanges are still rampant with fraud, and they’re trying to find a way to get on top of it.
The Hong Kong Monetary Authority and Bank of Thailand are ready to further their research together after signing a memorandum of understanding,.
Branding China Group is a trading and asset management firm that is known for its technology investments, but has been diversifying into the blockchain sector recently.
The Hong Kong Securities and Futures Commission has warned about the risks involved with security token offerings investment, noting that those issuing STOs have to be licensed or registered in Hong Kong.