Hong Kong continues to assert itself in the global cryptocurrency market despite the crypto winter and stringent regulations imposed in China. According to a Chainalysis report published on October 2, 2023, which ranked the top 10 countries for crypto adoption based on key metrics such as transaction value, retail transfers, ...
The Hong Kong Police has detained four more persons suspected to be connected to the JPEX crypto exchange fraud case. During a press conference held on Friday, September 29, 2023, it was announced that two of the suspects were apprehended in Hong Kong, while the Macau Police arrested the remaining ...
Joseph Lam Chok, a prominent social media influencer and lawyer in Hong Kong, has been arrested by local police on suspicion of promoting an unlicensed cryptocurrency exchange and trading platform, JPEX. Local newspaper South China Morning Post reported that Hong Kong police arrested Lam Chok at his office in the ...
Hong Kong-based crypto group HashKey has introduced its first secondary crypto market fund. The fund, launched on September 1, 2023, is set to focus on investments in altcoins. Jupiter Zheng, the portfolio manager at HashKey Capital, the group's investment arm, told Reuters that less than half of the fund's investments ...
Ripple has revealed its plans to engage with Hong Kong's vibrant developer community and burgeoning blockchain investments. This announcement was made via a post on X (formerly known as Twitter) on August 9, 2023. The blockchain firm posted a video in which Kirit Bhatia, the Senior Director of Business Development ...
HashKey, a Hong Kong-based crypto exchange, has obtained full authorization to expand its services beyond professional investors and cater to retail users in the region. The regulatory breakthrough was possible through the upgrading of two of its previous licenses by the Hong Kong Securities and Futures Commission (SFC). HashKey initially ...
OKX has achieved a remarkable feat in Hong Kong's digital asset space. Within just a month of unveiling its enhanced app exclusively for local users, the platform recorded over 10,000 new user registrations. OKX released the enhanced app to the public in May 2023; the app offered Hong Kong users ...
Jeremy Allaire, the CEO of Circle Internet Financial Ltd, has expressed the company's keen interest in Hong Kong's ambitions to establish itself as a leading hub for stablecoins and digital asset markets. During an interview with Bloomberg Television at the World Economic Forum in Tianjin, China, Allaire highlighted that Asia ...
The Hong Kong government has released a study that highlighted the need for the region to catch up with its East Asian and Gulf counterparts in terms of web3 development. The study, titled "Development of Web 3.0 Technologies in Selected Places," also suggested using the insights gained to shape Hong ...
Hong Kong's Financial Secretary, Paul Chan Mo-po, has reaffirmed the government's commitment to fostering innovation and technology, particularly in the realm of digital assets. In a statement released on June 18, 2023, on the occasion of Father's Day, Chan Mo-po shared that more than 150 Web3 companies had chosen to ...
