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Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

Circle CEO envisions stablecoins playing greater role in trade settlements

Hong Kong court orders HK$1.85 million recovery in first civil suit against JPEX

District Court rules platform breached its duty, ‘wrongfully’ transferred away plaintiffs’ assets to other unknown crypto wallets.

JPEX advertisements in an MTR station in 2023. Photo: Handout

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

HKEX’s virtual asset index launch is a boost for Hong Kong’s crypto hub ambitions

The index series, launching on November 15, will offer benchmarks for bitcoin and ether.

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Style Edit: Louis Vuitton’s Monogram Star diamond and the LV Diamonds Certificate

Designed by artistic director Francesca Amfitheatrof, the new icon is used along with other brand signatures like the Damier pattern and Art Deco ‘V’ shaped rings.

Louis Vuitton has launched its latest Monogram Star diamond, as well as the LV Diamonds Certificate that tracks the gemstones using blockchain technology. Photos: Handout

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.

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FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

Hong Kong to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says.

The HKMA on Monday launched the second phase of the e-HKD pilot. Photo: HKGCC

Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.

The Google of Web3? Ant’s Zan blockchain plans to make it happen

The head of the year-old blockchain venture says he aims to leverage Hong Kong’s supportive environment to build a critical Web3 services company.

Ant Group launches its Zan blockchain project with the with venture’s former CEO Zhang Hui at the Inclusion conference in Shanghai in September 2023. Photo: Handout

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

Crypto exchange HashKey opens two new tokens to retail investors

The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.

Landmark ruling highlights need for Hong Kong’s crypto regulatory framework

Hong Kong High Court decision provides clarity and is consistent with the principle that new legal entities in the cryptocurrency field must be open to scrutiny.

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China’s money laundering crackdown puts crypto investors, USDT traders at risk

China’s highest court says use of virtual assets to transfer criminal proceeds is among a range of money laundering methods on the mainland.

The judicial interpretation by China’s highest court has raised the legal risks faced by mainland cryptocurrency investors when making trades. Photo: Shutterstock

Hong Kong urged to grab chance after unprecedented ruling in blockchain case

Authorities urged to introduce legal framework to boost investors’ confidence and turn Hong Kong into a global Web3 hub.

BEA unit to hold fintech day in October to promote innovation

The inaugural Beast event will be held during Fintech Week in late October, which will allow start-ups and bankers to exchange ideas to build a tech ecosystem in the city, according to a senior BEA executive.

DBS launches treasury tokens with Ant to manage liquidity across borders

DBS’ latest project originates from the lender’s participation in the Monetary Authority of Singapore’s tokenisation projects.

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DBS’ automated teller machines (ATMs) in Singapore on March 31, 2022. Photo: Reuters

Web3 firm Animoca Brands trading for as little as a quarter of last valuation

Yat Siu, chairman of the blockchain video gaming firm, said secondary market trading does not accurately reflect the value of the Hong Kong-based company.

Animoca Brands is trading on secondary markets at a valuation that is at least half what it was valued at two years ago, founder Yat Siu said. Photo: Shutterstock

AI has made Hongkongers more vulnerable to fraud but is also used to fight back

Fraudsters are using AI to convincingly portray themselves as acquaintances and steal digital identities, driving demand for hi-tech cybersecurity solutions.

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

Hong Kong relaxes some stablecoin rules, launches limited trials

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.

The Hong Kong Monetary Authority has concluded a public consultation on its proposed stablecoin rules as it prepares a licensing regime similar to one introduced last year for traditional cryptocurrencies such as bitcoin. Photo: Shutterstock

With US ether ETFs imminent, Hong Kong may attract a different crypto crowd

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.

Representations of ether, the native token of the Ethereum blockchain, pictured on November 29, 2021. Photo: Reuters

Hong Kong authorities ‘gaining experience’ in disrupting illicit crypto activities

Post speaks to cryptocurrency experts after kidnapping involving demand for Tether stablecoin in exchange for boy’s return.

Radical transparency? Blockchain is making diamond sourcing more accountable

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

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Blockchain
The latest news, analysis and opinion on Blockchain. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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