Tag: HongKong

Hong Kong immigration authorities now recognise Bitcoin and Ethereum holdings as valid proof of assets for investment immigration applications. According to local reports, InvestHK—Hong Kong’s agency for Foreign Direct Investment—has approved multiple applications where individuals used cryptocurrency holdings to meet asset requirements for residency. The individuals applied under the agency's ...

Hong Kong and Saudi Arabia set their sights on deeper integration of financial services as they engaged in crucial discussions on financial infrastructure development, open market operations, market connectivity, and sustainable growth. On July 26, 2023, a bilateral meeting between the Hong Kong Monetary Authority (HKMA) and the Saudi Central ...

Hong Kong's financial authorities are taking proactive steps to establish comprehensive regulations for the stablecoin market by the end of 2024. The Hong Kong Monetary Authority (HKMA) recently completed a public consultation aimed at gathering feedback and proposals on stablecoin regulations. The consultation focused on key areas such as issuance, ...

OKG Technology Holdings Limited, a leading blockchain technology company, has been announced as a Diamond Sponsor for the upcoming Greenwich Economic Forum (GEF) in Hong Kong.  The conference, scheduled for June 15-16, 2023, will bring together industry experts to discuss trending topics such as FinTech, blockchain, Web3, macro-economy, wealth management, ...

Hong Kong's Securities and Futures Commission (SFC) has announced that regulated platforms will soon be able to serve ordinary investors on the island. In a statement released on May 23, 2023, the SFC encouraged owners of virtual asset trading platforms to apply for a license if they are willing to ...

Reports indicate that ZA Bank, the largest virtual bank in Hong Kong by assets, plans to offer services for cryptocurrency accounts and support crypto-to-fiat swaps. On April 12, 2023, Bloomberg reported that the bank would act as a settlement bank, enabling token deposits at authorized exchanges to be withdrawn in ...

Hong Kong's Financial Secretary, Paul Chan, has suggested that despite the volatility of the cryptocurrency market, it is the "perfect time" for the city to advance Web3. In his blog post on April 9, 2023, Chan stated that third-generation internet applications have immense growth potential and have received positive feedback ...

Local investors are launching a $100 million fund to finance Hong Kong's digital economy as the city reopens to the crypto market. The new Fund, called ProDigital Future, will primarily focus on early-stage Web3 businesses. Our first close thanks for all the friends and partners #Hongkong #Web3 #VChttps://t.co/wrydeBUsem — ProDigital ...