Stakeholders in Hong Kong's crypto industry are urging regulators to expedite the launch of crypto spot exchange-traded funds (ETFs), according to a report from local media agency Singtao. While Hong Kong began accepting applications for spot Bitcoin ETFs in December 2023, no progress has been made regarding their launch in ...
Hong Kong’s government has released a public consultation document over proposed regulations that will tighten restrictions on over-the-counter (OTC) cryptocurrency trades. The proposed regulations align with the nation's Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), which has been in effect since June 2023. OTC trades involve direct transactions between buyers ...
The Securities and Futures Commission (SFC) has announced that only platforms that have applied for a license and been approved by the SFC will be allowed to operate in Hong Kong after June 1, 2024. The regulator has also set February 29, 2024, as the last day for platforms to ...
Bybit has officially submitted its application for a Virtual Asset Trading Operator (VATP) license to the Hong Kong Securities and Exchange Commission (SFC), according to the regulator's official website. The SFC's website reveals that over 14 business entities have applied for the VATP license, with Bybit being the most recent ...
UPDATE (1 February 2024): This news report has been updated with comments and clarifications provided to DeFi Planet by the WorldCoin team, and its headline has been adjusted for accuracy ("Privacy Watchdog Raises Alarms on Data Privacy Breach" was replaced with "Privacy Watchdog Raids Offices Amidst Data Protection Investigation". This ...
Hong Kong's Securities and Futures Commission (SFC) reportedly received its first spot Bitcoin ETF application on January 26, 2024, marking a significant development in the region's financial landscape. The application, submitted by prominent asset manager Harvest Fund, aims for a public listing on the Hong Kong Stock Exchange by the ...
The future of the monetary system, as envisioned by Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), will consist of three crucial elements: central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins. Menon shared this insight in a panel session on the Future of ...
Bitget has decided to permanently exit the Hong Kong market just seven months after establishing a dedicated regional division. In an official statement released on November 13, 2023, the crypto exchange disclosed that its Hong Kong division, BitgetX, is set to cease operations within a month and discontinue all cryptocurrency-related ...
Swiss crypto bank SEBA's Hong Kong subsidiary has received a full operating licence from the region's financial regulator, the Securities and Futures Commission. The crypto bank announced this development in an official statement on November 8, 2023. According to SFC's website, The licence became active on November 3, 2023, and ...
The Hong Kong Monetary Authority (HKMA) has released its findings from the first phase of its experimental journey into exploring the potential benefits of a central bank digital currency (CBDC) for the region's residents. According to HKMA's report, the e-HKD holds significant promise in modernizing Hong Kong's current retail payment ...
