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.
GIA partnered with blockchain platform Tracr and digital registry Everledger, while the latter also partnered with Chow Tai Fook – with 93% of Apac luxury consumers prioritising sustainability initiatives
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.
While artificial intelligence offers benefits to global finance, challenges such as cybersecurity and data biases must be confronted.
‘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.
Saudi Central Bank joins Project mBridge central bank digital currency project as it announces minimum viable product, opening door for further cooperation.
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.
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.
Trading could begin later this year, as the ETF issuers sill have to get the green light before launching the products.
Events designed to boost Hong Kong’s economy and tourism run the gamut from high fashion, art and architecture to sports, technology and business.
The Securities and Futures Commission has warned of a fraudulent crypto trading platform called Quantum AI, a long-time scam that uses deepfakes of Elon Musk.
Two brothers were arrested on US charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain’s integrity and steal cryptocurrency, in what prosecutors called a first-of-its-kind caper.
HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.