Tag: hong kong

Jan 30 2023

China Preparing “Crypto Comeback”, Says Tron Founder Justin Sun

Tron founder Justin Sun on Monday said China preparing a comeback to the crypto industry after crypto trading and mining crackdown in mid-2021. China has taken a big step towards cryptocurrency regulation with the implementation of a tax on crypto transactions. Justin Sun remains confident about Tron's acceptance in China eventually. Tron Founder Justin Sun The post China Preparing "Crypto Comeback", Says Tron...

Jan 17 2023

Hong Kong Based HashKey Capital Raises $500 Million For Third Crypto Fund

Hong Kong-based HashKey Capital has raised $500 million for its third crypto fund. The capital will be deployed to promote blockchain adoption around the world.

Jan 12 2023

Samsung Asset Management To Launch Bitcoin ETF In Hong Kong: Report

The Samsung Bitcoin Futures Active ETF will launch on Jan. 13, giving Hong Kong investors a mainstream avenue for indirect BTC price exposure.Samsung Asset Management is launching a bitcoin exchange-traded fund (ETF) in Hong Kong.The Samsung Bitcoin Futures Active ETF (3135:HK) seeks to obtain a performance similar to spot BTC by investing in bitcoin futures products listed on the Chicago Mercantile...

Dec 16 2022

Asia to Get Its First Bitcoin And Ether Futures ETFs Today

As per the latest development, a pair of Hong Kong exchange-traded funds (ETFs) investing in BTC and ETH futures has raised $79 million in total. This means Asian crypto investors are to get...

Dec 15 2022

Hong Kong Stock Exchange’s First Bitcoin Futures ETF Receives $53 Million Initial Investment

The futures ETF will be the first of its kind available in Asia according to the asset manager, CSOP.Investors in the Hong Kong Stock Exchange will be able to trade the CSOP Bitcoin Futures ETF (3066.HK) starting December 16 according to a press release. The ETF...

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

CSOP Asset Management, an investment advisor based in Hong Kong, will launch Bitcoin and Ether futures exchange- traded funds (ETS) on the Hong Kong Stock Exchange on Friday. However, ahead of their debut, the ETFs have raised a combined $73.6 million, with the Bitcoin futures ETF alone accounting for $53.9 million, Reuters reports.

In October last year, the United States’...

Dec 05 2022

SEBA Bank partners with HashKey for institutional crypto adoption

Dec 05 2022 Published at Coinscreed under tags  adoption hong kong news switzerland

HashKey Digital Asset Group and SEBA Bank have signed a partnership as they look to help accelerate adoption of digital assets in Hong Kong and Switzerland. Two companies that are focused on digital assets will collaborate to hasten the adoption of digital assets by institutions as the crypto winter slows down advancements in the area. […] The post...

Dec 02 2022

Hong Kong working on investor protection regulations

Dec 02 2022 Published at Coinscreed under tags  hong kong news regulations

Hong Kong central bank executive is optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts. Global governors of central banks are currently meeting in Thailand to examine the function of central banks in the context of developing financial technology. The Bank of Thailand (BOT) and the Bank for […] The post...

Nov 30 2022

SEBA Bank Enters APAC with New Hong Kong Office

Switzerland-headquartered SEBA Bank AG has expanded its Asian footprint with a new office in Hong Kong by establishing a local subsidiary, SEBA (Hong Kong) Limited.

Announced on Wednesday, the new office is the first physical presence of the Swiss company in the

Nov 22 2022

Central Bank Of Hong Kong Reveals Its Assessments On Crypto-Backed Stablecoin

Given the increased rate of digitalization, blockchain technology and the Crypto sector have found more applications in the traditional finance sector. Cryptocurrencies have provided new digital payment systems, broader financial inclusion, and innovation. However, digital assets are highly volatile, posing a challenge to their use as stores of value and means of payment. This volatility led to the introduction of stablecoins. These digital...

Nov 21 2022

AAX Shuts Out Derivatives, Hopes For Normal Return

Nov 21 2022 Published at Coinscreed under tags  aax crypto exchange news hackers hong kong

After suffering a cyberattack, the cryptocurrency exchange in Hong Kong is working toward the goal of raising sufficient funds to enable it to resume operations. The Hong Kong cryptocurrency exchange AAX announced in a statement that it would terminate off derivatives positions as part of its efforts to return to normal after a breach. The […] The post...

Nov 18 2022

Genesis Block To Cease Trading In Hong Kong

Nov 18 2022 Published at Coinscreed under tags  ftx hong kong sbf trading

Genesis Block, a cryptocurrency trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday. Another crypto company is facing the market impacts of the current FTX incident. A leading provider of bitcoin retail services in Hong Kong, Genesis Block, has reportedly declared it will stop trading and shut […] The post...

Oct 31 2022

Hong Kong is Set To expand Crypto Rules

Oct 31 2022 Published at Coinscreed under tags  crypto hong kong investors news

Hong Kong is "back in business," and its finance chief said yesterday that they are looking into whether or not retail investors should be able to trade crypto. He said this at the start of a week of conferences meant to improve the territory's image. In contrast to China, where crypto is almost completely outlawed, […] The post Hong Kong is...

Hong Kong To Usurp Singapore’s Retail Crypto Sector

Oct 31 2022 Published at Coinscreed under tags  crypto hong kong news singapore

Many places have had different reactions to the growth and rising use of cryptocurrencies. Some are going all in on the industry and its many opportunities by coming up with new ideas. But some people are going back on their steps in the crypto space by using stricter rules. Recently, there have been some interesting […] The post Hong Kong To Usurp...

Hong Kong issues policy statement on crypto

Oct 31 2022 Published at CryptoSlate under tags  china hong kong regulation

The Hong Kong government issued a crypto policy statement that clarified its plans to develop "a vibrant sector and ecosystem" for the nascent industry on October 31. The policy statement marks a key change for the government, which had recently...

Hong Kong to permit retail crypto trading

The government of Hong Kong is set to permit crypto trading for retail investors, this is an official step towards legalizing cryptocurrency in the country. On Monday, October 31, the Hong Kong government released a formal policy statement that will permit regional retail cryptocurrency trading. There have been some significant developments over the past week […] The post...

Hong Kong Decides on Rules for Crypto ETFs

One of the Four Asian Tigers, Hong Kong, is now set to allow crypto investments to retail and institutional investors and has unveiled plans for regulations.

The Securities and Futures Commission (SFC) confirmed its intentions to launch a consultation paper with proposed guidelines and regulatory rules for...

Hong Kong Decides on Rules for Crypto ETFs

One of the Four Asian Tigers, Hong Kong, is now set to allow crypto investments to retail and institutional investors, and it has unveiled plans for regulations.

The Securities and Futures Commission (SFC) confirmed its intentions to launch a consultation paper with proposed guidelines and regulatory rules...

Digital Assets: Rich People in Asia Clamor For More Investment

Oct 31 2022 Published at Coinscreed under tags  digital assets hong kong news singapore

The study found that the super-rich in the two regions are more interested in non-fungible tokens (NFTs) and decentralized finance (defi) products than they are in BTC and ETH. A recent study found that 34% of family offices and high- net-worth individuals (HNWI) from Singapore and Hong Kong have already invested in digital assets, and close […] The post...

Oct 27 2022

Hong Kong To Legalize Retail Bitcoin Trading: Report

Oct 27 2022 Published at Bitcoin Magazine under tags  bitcoin business hong kong legalize news

The city seeks to establish itself as a financial hub by establishing a licensing regime in order to allow the retail trading of bitcoin and cryptocurrencies.Hong Kong plans to legalize the retail trading of bitcoin and cryptocurrencies contradicting the city's position in recent years, as well as China's ban on such services, per a report from...

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