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 ...
Hong Kong's securities regulator has proposed an expansion of its workforce to enhance its efforts to establish the region as a leading cryptocurrency hub. In its 2025-2026 financial year budget plan, the Securities and Futures Commission (SFC) has outlined a plan to add 15 new positions. Of these, eight will ...
Hong Kong's Securities and Futures Commission (SFC) is preparing to issue new cryptocurrency trading licenses following a comprehensive review process of applicants. Chinese media outlet SINA Finance reported that Ye Zhiheng, Executive Director of the Intermediary Department at the securities regulatory agency, indicated that license approvals could be announced before ...
Hong Kong lawmaker Wu Jie has called on the region’s government to explore the possibility of including Bitcoin in its fiscal reserves, according to a local media report. The report revealed that Wu suggested the Hong Kong Special Administrative Region (SAR) consider adding cryptocurrencies to its fiscal reserves and utilize ...
Singapore appears to have edged ahead of Hong Kong in the race to become the leading crypto hub in Asia. Both cities are vying for dominance by introducing specialized regulatory regimes, tokenization initiatives, and innovation-driven sandboxes. However, Singapore's proactive licensing strategy and robust fintech initiatives may have tipped the scales ...
Hong Kong is intensifying its efforts to establish itself as a global cryptocurrency hub. It is currently the 5th-largest crypto market in Asia. The city’s administration has already set up many initiatives to achieve this goal. For instance, by the end of 2024, they plan to significantly expand its licensing ...
Hong Kong's Securities and Futures Commission (SFC) has issued licenses to four more virtual asset trading platforms (VATPs) as part of its drive to establish the city as a leading global crypto hub. The newly licensed exchanges—HKbitEX, Accumulus, DFX Labs, and EX.IO—received approval under the SFC's new "swift licensing process." ...
Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of the bill, Christopher Hui, Hong Kong's Secretary for Financial Services and ...
