South Korea’s Financial Services Commission (FSC) has ordered all domestic crypto exchanges to suspend lending products, citing risks to investors and market stability. The directive, issued Tuesday, takes effect immediately and will remain in place until the government finalizes a regulatory framework for digital asset lending. Since July, Korean exchanges ...
The Hong Kong’s Securities and Futures Commission (SFC) has rolled out stricter custody standards for licensed virtual asset trading platforms (VATPs) in a bid to protect client-held crypto assets better. The regulator’s new measures follow a wave of high-profile hacks and security breaches at overseas crypto exchanges, where weaknesses in ...
Eddid Financial has received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC) to launch digital asset coin in/out services, positioning the firm to deepen its footprint in the virtual asset space. The clearance was granted to its subsidiary, Eddid Securities and Futures, and marks a key milestone in ...
Magic Compass Group (MC Group) has secured an important regulatory upgrade from Hong Kong’s Securities and Futures Commission (SFC), expanding its Type 1 license to cover virtual asset trading. This move officially places the firm in the growing crypto space, aligning with Hong Kong’s broader push to become a global ...
Hong Kong's financial regulators have allowed crypto firms with valid trading licenses to offer staking services, as the Securities and Futures Commission (SFC) announced on April 7. These firms must follow strict guidelines to protect users and ensure transparency about the risks of staking virtual assets. Staking allows customers to ...
The Hong Kong Securities and Futures Commission (SFC) has introduced a comprehensive roadmap aimed at reinforcing the city's role as a global leader in cryptocurrency and virtual assets. Announced on February 19, the ASPIRe initiative seeks to modernize Hong Kong’s regulatory framework, ensuring resilience against market volatility, fragmented liquidity, and ...
HashKey Capital has received approval from Hong Kong’s Securities and Futures Commission to offer discretionary account management services for cryptocurrencies under its Type 9 license. This allows the firm to manage investment products, including spot cryptocurrencies, derivatives, and over-the-counter trades for high-net-worth clients. Addressing investor concerns, Vivien Wong, Partner at ...
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 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 ...
At least three asset managers are set to introduce the crypto spot ETFs to Hong Kong financial markets in the coming weeks and months following the approval of their applications by the city's securities regulator, according to Reuters. Bosera Capital, China's Asset Management (China AMC), and Harvest Global Investments are ...
