SEC summons Tron’s Justin Sun, Binance praises regulators it won’t obey
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
Latest Hong Kong News
China, Hong Kong take the lead in blockchain logistics: report
Blockchain use in logistics and supply chain was dealt a big blow when Maersk and IBM shut down TradeLens; the future of the industry now lies with Hong Kong.
Hong Kong securities regulator calls for sterner regulations on digital currency platforms
Julia Leung, head of the Hong Kong Securities and Futures Commission, said digital currency platforms are integral to the blockchain industry, requiring tighter regulations.
OKX eyes expansion into Australia, Hong Kong markets
OKX has applied for a license in Hong Kong as it announced a new office in the city; it also plans to open a new office in Australia, although it is yet to secure a license.
Hong Kong’s digital currency firms see interest from Chinese banks after mainland ban
Hong Kong stakeholders disclosed that they view the recent interest of Chinese banks with enthusiasm, but the hopes of China reversing its digital currency ban remain slim.
Digital currency firms eye operations in Hong Kong: Financial secretary
Hong Kong has set up an ambitious plan to build its Web3 ecosystem, drawing interest from nearly 80 digital asset firms now looking to set up operations in the city-state.
Is Hong Kong opening up to digital assets?
Many may see Hong Kong's latest regulation as a welcoming to digital asset exchanges, but the stringent requirements for licenses and compliance seem to tell otherwise.
China’s digital yuan sees dismal adoption in Hong Kong
Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were opened in the first four days of the bank’s campaign.
Huobi plans to expand into Hong Kong after laying off 20% of its staff
The job cuts at the start of 2022 are not stopping Huobi from expanding into other markets, as it bares its plan to apply for a trading license in Hong Kong and create a new entity.
Hong Kong to regulate digital asset exchanges
Hong Kong’s SFC has asked the public for opinions on whether centralized digital currency exchanges in the country should be allowed to serve retail customers and what regulations to implement.
Hong Kong’s securities watchdog boosts staffing as it ramps up digital currency supervision
Securities and Futures Commission Chairman Tim Lui said that the commission would be open to hiring individuals from both Mainland China and foreigners should the need arise.
Hong Kong Monetary Authority skeptical against algorithmic stablecoins
In the "Conclusion of Discussion Paper on Crypto-assets and Stablecoins," HKMA confirmed that it received 58 submissions, urging it to adopt a "risk-based approach" towards regulating stablecoins.