Hong Kong’s SFC still sees fraud in crypto exchanges
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.
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HSBC launches tokenized gold for retail customers in Hong Kong
After launching its tokenized gold for institutional users in November 2023, the bank is now expanding the HSBC Gold Token to retail users in Hong Kong.
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.
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.
In Hong Kong, digital assets are considered property
A Hong Kong court ruled that property is an inclusive term with a wide range of meanings, noting that in the past, the courts have granted interlocutory proprietary injunctions over digital currencies.
GF Securities issues tokenized bonds in Hong Kong
Cost-saving, transparency, and increased asset liquidity are cited as benefits of its pivot to tokenization while maintaining full compliance with Hong Kong's capital market rules, according to GF Securities.
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.
China joins Hong Kong and Thailand in CBDC research project
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
Hong Kong authorities seize allegedly smuggled 300 Nvidia BTC mining GPUs
The authorities collectively seized the allegedly smuggled goods worth $3.8 million in the waters off the Hong Kong International Airport.
BIS partners with Israel, Hong Kong for retail CBDC experiment
The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize CBDC services.
Hong Kong’s BTCC crypto exchange set to launch new platform
The new and improved BTCC exchange will offer faster withdrawals and deposits, while providing better liquidity.
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.