Hong Kong’s digital bank, ZA Bank, has started a sandbox trial for its new virtual asset trading service for select retail customers. In an October 29 press release, the bank highlighted the growing demand for virtual assets in Hong Kong, referencing a recent market study that found 75% of local ...
Hong Kong Exchanges and Clearing Ltd. (HKEX) on October 28, announced plans to launch new crypto price indexes, aiming to provide a reliable benchmark for the rapidly expanding digital asset market. The "HKEX Virtual Asset Index Series," set to launch on November 15, will provide a single reference price for ...
Hong Kong plans to expand its current tax concessions on privately offered funds and family offices to include cryptocurrency investments. During his speech at Hong Kong Fintech Week on October 28, Christopher Hui, Secretary for Financial Services and the Treasury, announced that by the end of the year, the government ...
Two major financial regulators in Hong Kong have jointly announced their intention to implement reporting requirements established by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On September 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) revealed a plan to ...
Blockchain infrastructure provider Blockdaemon Inc. is eyeing a potential initial public offering (IPO) in 2026, according to CEO Konstantin Richter. Speaking with Bloomberg, Richter noted that the decision hinges on market conditions in the coming year. If favourable, the company could move forward with plans to go public, coinciding with ...
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence (AI) in the financial sector. The region's Financial Services and Treasury Bureau (FSTB) is currently drafting a framework focused on the ethical application of AI within financial markets, according to a new ...
Indian authorities are investigating a crypto trading app called "Datameer," accused of defrauding over 700 individuals of INR 10 million (approximately $119,000), according to a local report. Sadar’s superintendent of Police and Cyber Wing head, Pankaj Kumar Rasgania, reportedly stated that the app launched in April 2024 and operated for ...
IDA, a Hong Kong-based digital asset firm, has secured $6 million in seed funding to develop its inaugural fiat-backed and regulated stablecoin, HKD. The investment round was led by CMCC Global’s Titan Fund and Hashed. In a press release on September 2, IDA revealed that its $6 million seed funding ...
Hong Kong's ambitions to become a crypto hub are facing challenges. Over a dozen exchanges grapple with regulatory concerns, making it difficult to secure full licenses. According to a Bloomberg report citing insiders, cryptocurrency exchanges in Hong Kong are having difficulties obtaining full licences despite the city's efforts to establish ...
Johnny Ng, a Hong Kong lawmaker, has called on the government and banks to ease restrictions on banking services for crypto and Web3 firms, highlighting the ongoing challenges these companies face in opening local bank accounts. In a post on X today August 9, Ng, a member of the Hong ...
