Hong Kong's Chief Executive Officer of the Monetary Authority, Eddie Yue, has announced that the city is open to cryptocurrency companies, but they will abide by its stringent regulations. Yue made these comments while speaking at Bloomberg Wealth Asia Summit on May 9, 2023. China and Hong Kong is known ...
The Hong Kong Monetary Authority (HKMA) issued a circular on April 27, 2023, urging banks to offer their services to cryptocurrency firms. The circular implored authorized institutions to adopt a risk-based approach in their Anti-Money Laundering efforts when providing banking services to corporate customers. Hong Kong's central bank and primary ...
HashKey Group, a Hong Kong-based digital assets provider, today announced its entry into the wealth management market with the launch of its new platform, HaskKey Wealth. The company aims to cater to institutional and professional investors seeking access to virtual assets, citing significant demand from investors as the driving force ...
Gate Group, a leading cryptocurrency exchange, has announced its participation in the first-ever Hong Kong Web3 Festival 2023, scheduled to take place at the Hong Kong Convention and Exhibition Centre (HKCEC) from April 12 to 15, 2023. The company stated in a press release that Edwin Cheung, Business Lead of ...
According to a report, the Bank of China Ltd., the Shanghai Pudong Development Bank, and the Bank of Communications Co. have initiated contact with or begun providing banking services to cryptocurrency companies in Hong Kong. Also, a Chinese bank sales representative reportedly visited the main office of a crypto firm ...
Independent Reserve, an Australian cryptocurrency exchange, is considering opening a branch in Hong Kong as the city strives to establish itself as a major cryptocurrency hub. Independent Reserve already has licenses to operate in Australia, Singapore, and New Zealand. According to reports, Adrian Przelozny, co-founder and CEO of Independent Reserve, ...
More than 80 companies that deal with virtual assets across Mainland China and other countries have shown interest in establishing a presence in Hong Kong after the city announced its aspirations to become a major Web3 hub with actions to back their aspirations. Christopher Hui, the Secretary for Financial Services ...
