The Chinese tech giant has partnered with the Olympics to distribute the Paris Games online, replacing a 60-year-old satellite system as the main distribution channel.
The HKMA announced the first stablecoin issuers to trial e-commerce, trade settlement and tokenised assets, with final rules to be submitted to Legco this year.
Hong Kong’s approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes.
Animoca’s ability to weather last year’s storm in its industry has bolstered the company’s confidence in the digital-asset market’s recovery.
A professor at HKUST has questioned the logic of China’s cryptocurrency mining ban, suggesting that the government should embrace virtual assets amid geopolitical risks.
‘When FTX collapsed, we saw the opportunity,’ says Ben Zhou, co-founder and CEO of Bybit.
Animoca Brands co-founder Yat Siu said he hopes an IPO will bring ‘more attention to Web3’ and Asian markets, with a possible Hong Kong listing.
Eight asset managers, including BlackRock, VanEck, Franklin Templeton and Grayscale Investments, are seeking to launch the funds.
DeFi and metaverse will open up opportunities for the financial services industry, Hong Kong Institute for Monetary and Financial Research executive says.
Tether Gold, backed by physical gold stored in Switzerland, highlights the company’s ambitions to expand beyond its USDT stablecoin.
The outpost will enable Chinese firms to acquire know-how from overseas entities and raise funds, chairman Xie Jihua said.
Founder Zhao Changpeng is worth an estimated US$38.5 billion after the BNB token reached a market cap of US$109 billion during his first week of in prison.
A surging crypto market is improving the outlook for deal flow, highlighted by recent acquisitions, following the approval of bitcoin and ether ETFs.
The platform now lets Chinese citizens living abroad sign up for an account, even as the mainland imposes a strict ban on crypto trading.
Despite recent withdrawals, recently ‘deemed to be licensed’ exchanges spur some optimism about the future of Hong Kong’s virtual asset market.
The SFC updated the exchanges’ status on its website, while the situation of six operators remains unknown, after several China-linked exchanges pulled out.
Cryptocurrency investor Brock Pierce said he is in conversations to bring a new venture to Hong Kong while a ban on selling to mainland residents pushes some exchanges out.
Some NFT firms and platforms do not have the right controls to counter money laundering, terrorist financing and sanctions evasion, according to the department’s assessment.
BlackRock’s iShares Bitcoin Trust has attracted the greatest inflow, totalling US$16.5 billion, since nine spot bitcoin exchange-traded funds went live in the United States in January.
Amid high compliance costs, the SFC’s notice that crypto exchanges should not serve mainland investors is prompting some firms to leave the city.
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, says it took ‘a proactive step’ to withdraw its application.