The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading |...
According to recent Google Trends data, people from the Asia-Pacific (APAC) region of the world were the most interested in the word “NFT”, over the past year. Possibly as a result of the ongoing nonfungible token (NFT) boom, people from China, Hong Kong, and Singapore had the highest number of Google searches for the keyword The post Asia-Pacific Ranks First On Global List...
According to recent Google Trends data, people from the Asia-Pacific APAC region of the world were the most interested in the word “NFT”, over the past year. Possibly as a result of the ongoing nonfungible token (NFT) boom, people from China, Hong Kong, and Singapore had the highest number of Google searches for the keyword The post APAC Ranks First On Global List...
Amid the expanding crypto crackdown, Hong Kong Venture Capital giant, CMCC Global is launching yet another round for its crypto fund, aiming to accumulate $300 million this time around. Furthermore, the firm is reaching out to billionaire investors like Richard Li to bet on blockchain and Defi. Richard Li had already anchored CMCC’s last crypto The post Hong Kong’s top VC firm approaches...
The central bank will explore the idea of CBDC in domestic and cross-border markets.
Crypto Exchange Binance has announced that users from Hong Kong can no longer create new futures accounts. Crypto Exchange Binance Haults New Hong Kong Futures Accounts Binance announced today in a blog post on its website that the crypto exchange is winding down derivative trading in Hong Kong....
Reports reveal that subsidiaries of Bithumb Hong Kong are facing a civil suit due to a contract breach. According to the report, a Thai firm says that Bithumb’s Hong Kong subsidiaries halted its business in Thailand. This halt led to serious business damage for the Thai firm. Korea Times reported on Tuesday that a former...
The central bank is already working with international counterparts on CBDC for wholesale use.
If the proposals turned into law, only professional investors with $1.03 million in their investment portfolio can trade crypto.
OSL contributed 70 percent of the group’s total revenue.
The funds will invest 100 percent in cryptocurrencies.
The ban might drive traders to unregulated trading platforms.
Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million The post Crypto News: HongKong Approves First Crypto...
The stock price of the company tumbled by over 14 percent on Wednesday.
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