Hong Kong plans to implement new rules that will allow retail cryptocurrency trading there. The action is a deliberate step in a plan to establish a global crypto hub. The initiative, which is slated ...
Tag: Kong
Hong Kong looks to legalise retail crypto trading: report
Cryptocurrency news out of Hong Kong indicate that market regulators in the city of over 7 million people are looking to legalise crypto trading for retail investors. The efforts are part of Hong Kong...
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restricti...
Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets – Featured Bitcoin News
According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong’s family offices and high-net-worth individuals have invested in digital assets. Reports su...
Hong Kong Intends to Become a Crypto Hub, Could That Trigger Next Bull Run?
China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX – Arth...
Hong Kong could be key for China’s crypto comeback — Arthur Hayes
Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this proc...
Hong Kong is a Step Closer to Legalizing Retail Crypto Trading – Report
Hong Kong is truly making moves that can help define it as a thriving hub for all crypto-related activities within the region. According to a report from Bloomberg citing unnamed sources, the City’s t...
Hong Kong set to legalize retail crypto trading
Hong Kong intends to implement new regulations that would make retail crypto trading legal in the city. The move is part of a planned strategy to become a global crypto hub. According to reports, the ...
Will China use Hong Kong to keep one foot in…
China has hitherto taken a harsh view of crypto. Will it now use Hong Kong as a proxy for transacting crypto in order to reduce its dollar position? A history of antagonism towards crypto China has wh...
Hong Kong Fintech Startup Reap Raises $40 Million For Web3 Payments
Reap’s cofounders Daren Guo (left) and Kevin Kang. Reap Reap, a digital payment company based in Hong Kong, has netted $40 million in a funding round aimed at developing infrastructure to help f...
Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’
China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest Bitcoin mining firm...
Is China about to catalyze the crypto bull market through Hong Kong?
Former BitMEX CEO Arthur Hayes posted an extensive Medium article titled “Comeback.” It went into depth on the complicated relationship between China and Hong Kong and how he is hopeful that the latte...
Wealthy people of Hong Kong and Singapore are walking toward crypto
A recent survey from KPMG suggests that over 90% of family offices and high-net-worth individuals (HNWI) are either interested in investing in the digital assets field or have already done so. This su...
Hong Kong Internet Stocks Bounce As Alibaba’s Singles Day Kicks Off
China Last Night KraneShares Key News Asian equities were mixed overnight as the Asia dollar index made another 52-week low. Please see our take on yesterday’s market volatility using the below link: ...
Crypto Spreading Across Wealthy in Singapore, Hong Kong: KPMG
KPMG reported clear appetite for digital assets among some of Singapore and Hong Kong’s wealthiest investors All respondents already invested in crypto held bitcoin but less than half disclosed DeFi t...
Why Bitcoin And NFTs Are Attracting The Super Wealthy In Hong Kong
Bitcoin and non-fungible tokens are among the hottest trends in the crypto space today, and those with the wherewithal don’t mind shelling out excessive amounts of dough to invest in them. On To Bitc...
Interest in Bitcoin and NFTs surges among the super-rich in Hong Kong and Singapore
Despite its volatility over the past two years, the cryptocurrency industry continues to expand, partially driven by the interest of investors in diversifying their portfolio with the novel asset clas...
Hong Kong Presents Digital Currency Prototype, Project Aurum – Finance Bitcoin News
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale in...
Hong Kong Completes Project Aurum, a Retail CBDC Prototype – crypto.news
On 21st, the Hong Kong Monetary Authority announced that it had finished its Aurum retail CBDC prototype. The system has a unique structure that simulates the existing money issuance system in Hong Ko...
Hong Kong Reveals Final Version of Aurum Retail CBDC
Altcoin News Electronic wallets employ CBDC that has passed via an intermediary exchange. The novel CBDC-backed stablecoins mimic digitally the preexisting monetary system. On October 21st, the Hong K...
Hong Kong unveils its retail CBDC with a unique design
Join Our Telegram channel to stay up to date on breaking news coverage The Hong Kong Monetary Authority has unveiled a completed prototype of its Aurum retail central bank digital currency (CBDC). The...
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Se...
Hong Kong reportedly wants to legalize crypto trading
Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and special administrative region of China,...
Hong Kong Wants to Legalize Cryptocurrency Trading
Hong Kong wants to take more proactive action to become an international virtual assets center by launching several legal initiatives related to emerging technologies in the crypto industry. The city ...
Hong Kong Is Planning To Permit Crypto Retail Investment Trading
Hong Kong is now contemplating changing its crypto trading requirements, in a way attempting to be different from China on the all-out crypto ban. It is now planning to take action as it wants to atta...
Hong Kong to Let Retail Investors Engage with Crypto Directly
Besides its political differences and leanings from China, Hong Kong is also seeking to create a different path for itself when it comes to its administration and regulation of digital currencies and ...
Hong Kong ventures further into CBDCs- Details inside
The Hong Kong Monetary Authority and the Bank for International Settlements have concluded a year-long development program to design a full-stack central bank digital currency (CBDC) system. Aurum: Tw...
Hong Kong Decided To Remove The “Professional Investor-Only Requirement”
The Hong Kong Securities and Future Commission (SFC) made a legit decision to adopt new cryptocurrency regulations in the nation. Without considering mainland China’s decision, Hong Kong made th...
Hong Kong Chief Executive proposes statutory licensing for VASPs in his policy address
The Chief Executive of the Hong Kong Special Administrative Region, John Lee, mentioned a bill to propose establishing a statutory licensing regime for virtual asset providers in his 2022 policy addre...
Hong Kong reassures crypto businesses and investors
Hong Kong is to reconsider its crypto trading requirements in order to try and differentiate from China’s all-out ban. Its securities regulator wants to allow investors to directly invest in virtual a...