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 ...
Stakeholders in Hong Kong's crypto industry are urging regulators to expedite the launch of crypto spot exchange-traded funds (ETFs), according to a report from local media agency Singtao. While Hong Kong began accepting applications for spot Bitcoin ETFs in December 2023, no progress has been made regarding their launch in ...
The Securities and Futures Commission (SFC) has announced that only platforms that have applied for a license and been approved by the SFC will be allowed to operate in Hong Kong after June 1, 2024. The regulator has also set February 29, 2024, as the last day for platforms to ...
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 ...
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 ...
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 ...
