Kaiko, the cryptocurrency market data provider based in Paris, is set to relocate its Asian headquarters from Singapore to Hong Kong, driven by the latter’s efforts to cement itself as a global leader in the digital asset space. The city’s pro-crypto policy pivot...
Crypto exchange Gate.io has announced its plans to launch in Hong Kong following the government’s cash injection of HKD 50 million ($6.4 million) into web3 under the city’s 2023-24 budget. On Feb. 22, Gate Group announced it would apply for a cryptocurrency license...
Huobi is taking steps to gain approval from Hong Kong regulators to operate in the city, and also establish a local subsidiary that will cater to institutional investors. Huobi looking to service Hong Kong customers In a tweet thread on Feb. 20, 2023,...
The Hong Kong Securities and Futures Commission (SFC) is holding discussions over a proposal to allow retail investors to invest in cryptocurrency. The SFC has launched a consultation paper outlining the potential risks and benefits of allowing retail crypto investments. The proposal aims...
South Korean and Hong Kong Customs administrations have struck a partnership to help curtail illegal foreign transactions that are carried out via digital assets. The duo to stop illegal foreign exchange transactions via crypto South Korean authorities formed a partnership with Hong Kong...
Hong Kong is set to open its doors to digital assets and investors, with ambitious plans to become an Asian crypto hub. In a move expected to increase the flow of capital from China into digital assets, Hong Kong will legalize the purchase,...
DBS Bank has revealed that it’s seeking regulatory approval from Hong Kong authorities to offer crypto services to its regional customers. Last year, the bank recorded a four-fold surge in demand for its bitcoin (BTC) trading service. In a bid to take advantage...
A Feb. 6 filed report highlighted Hong Kong’s securities and futures commission’s plans to hire additional staff to provide a better supervisory role to virtual asset service providers in Hong Kong. Until recently, only professional or retail investors with portfolios worth at least...
Regulators in Hong Kong are looking to establish guiding principles for stablecoins before the end of 2023. The news is the latest in a series of crypto-focused regulations from Hong Kong as the city looks to revert to its former cryptocurrency-friendly stance. Stablecoin...