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 ...
Hong Kong's Monetary Authority (HKMA), the central bank and regulator of the region, is reportedly urging major banks like HSBC and Standard Chartered to reconsider their reluctance to accept cryptocurrency exchanges as clients. According to a report by Financial Times on June 15, 2023, sources familiar with the matter revealed ...
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a meeting on May 30, 2023, to discuss collaboration in the development of financial technology and cryptocurrency regulations. The goal of this meeting was to strengthen cooperation and provide the groundwork for collaborative ...
On May 24, 2023, CCTV, a state-affiliated media outlet in China, aired a video on cryptocurrencies. However, the video program was swiftly removed from CCTV's platform the following day, leaving many curious about the reasons behind its removal. The video primarily focused on the latest cryptocurrency regulations in Hong Kong ...
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 ...
