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 ...
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 ...
