Ray Chan, co-founder of the popular meme-sharing platform 9GAG, has reportedly taken the helm at Howkingtech International, signaling a strategic move to expand into artificial intelligence, cryptocurrencies, and Web3. According to a regulatory filing with the Hong Kong Exchanges and Clearing Limited, the acquisition of Howkingtech could reach a maximum ...
HashKey has launched a new initiative to rate cryptocurrencies and exchanges in Hong Kong in cooperation with the Hong Kong Virtual Asset Rating Company. This initiative is designed to aid local crypto businesses in meeting the Securities and Futures Commission’s regulatory requirements, highlighting the importance of compliance and transparency in ...
Hong Kong’s fintech sector is experiencing rapid growth, with blockchain, digital assets, distributed ledger technology (DLT), and artificial intelligence (AI) driving innovation. According to the latest Hong Kong Fintech Ecosystem report by InvestHK, the region now hosts over 1,100 fintech firms, including 175 blockchain-focused companies and 111 digital asset and ...
Hong Kong-based crypto payment platform RedotPay has secured $40 million in a Series A funding round to expand its services and offerings. According to the firm, the investment will support its mission to integrate cryptocurrency into everyday transactions while simplifying blockchain payments for users. RedotPay has been steadily expanding its ...
Authorities in Hong Kong are warning traders about a fraudulent cryptocurrency being promoted by an X account impersonating Chief Executive John Lee. The scam involves a Solana-based token falsely marketed as the region’s "National Hong Kong Coin." On March 6, Hong Kong lawmaker and crypto advocate Johnny Ng alerted the ...
Hong Kong’s financial sector has taken another step to deepen its blockchain integration with the launch of the city’s first retail tokenized money market fund. China Asset Management (Hong Kong) (ChinaAMC HK), a subsidiary of one of China’s leading fund houses, has introduced the ChinaAMC HKD Digital Money Market Fund ...
The Hong Kong Securities and Futures Commission (SFC) has introduced a comprehensive roadmap aimed at reinforcing the city's role as a global leader in cryptocurrency and virtual assets. Announced on February 19, the ASPIRe initiative seeks to modernize Hong Kong’s regulatory framework, ensuring resilience against market volatility, fragmented liquidity, and ...
Hong Kong is accelerating its efforts to establish itself as a global Web3 and digital finance leader, and tokenization and stablecoins are at the core of its strategy. According to the South China Morning Post, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, has identified tokenization as a ...
Crypto exchange Bullish has received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to operate in the city. In a February 19 blog post, Bullish announced that its subsidiary, Bullish HK Markets Limited, has been granted Type 1 (dealing in securities) and Type 7 (providing automated trading ...
Crypto companies must embrace public listings to gain the trust of traditional financial institutions, according to BitGo CEO Mike Belsche. Speaking at Consensus Hong Kong 2025 on February 19, Belsche emphasized that going public is essential for integrating digital assets into mainstream finance. “One of the things I think, in ...
