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Hong kong
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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5PAY Reinforces Asia Footprint, Expanding Local Payment
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Retail FX
Tiger Brokers Obtains License to Expand Crypto Services to Retail Traders in Hong Kong
2024-06-18T17:41:41.681+02:00
This approval allows users in the region to trade Bitcoin and Ethereum through Tiger Brokers' Tiger Trade.
The company is targeting a growing interest in cryptocurrencies among investors who hold a diverse portfolio, including stocks and virtual assets.
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Retail FX
Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
2024-06-07T10:19:39.657+02:00
The firm has invested HKD440 million in Airstar Bank, becoming its second largest beneficial owner.
Earlier, its Moomoo App introduced 24-hour trading for US stocks in Singapore and Australia.
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CryptoCurrency
Lawsuit Filed as Investors Seek to Reclaim Lost Assets in JPEX Scandal
2024-06-06T10:28:18.658+02:00
Two individuals sued crypto exchange JPEX to recover over HK$1.85 million.
The JPEX case led to 73 arrests, prompting calls for expedited investigations.
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CryptoCurrency
SFC Issues New Crypto Regulations: 2 Platforms Licensed, 17 Await Approval
2024-06-03T10:44:08.918+02:00
As of June 1, OSL Digital Securities and Hash Blockchain are licensed crypto trading platforms.
Several crypto exchanges, including OKX and Gate.hk, are ceasing operations in Hong Kong.
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CryptoCurrency
SFC Warns of June 1 Deadline: Comply or Face Legal Consequences
2024-05-28T11:01:22.031+02:00
Virtual asset trading platforms must be licensed by June 1, 2024, or face criminal charges
The regulator urges investors to trade only on licensed platforms.
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CryptoCurrency
OKX HK Discontinues License Application in Hong Kong, Asks Users to Withdraw Funds
2024-05-24T16:44:44.100+02:00
The exchange plans to discontinue centralized virtual asset trading services in the region.
Customers have until August 31, 2024, to withdraw their assets from OKX accounts.
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CryptoCurrency
Hong Kong Eyes Ether ETF Staking to Outpace US
2024-05-24T15:42:33.196+02:00
This regulatory change could provide a new source of passive income to investors.
This move is expected to give Hong Kong a competitive advantage over the US, where this offering is restricted.
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CryptoCurrency
Worldcoin’s Operation in Hot Water: Hong Kong Halts Biometric Scans
2024-05-22T10:32:38.522+02:00
The investigation deemed the biometric data collection unnecessary and non-compliant.
The privacy notice lacked Chinese translation, leaving non-English speakers uninformed.
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Payments
Hong Kong Trials China's e-CNY
2024-05-17T05:00:00.000+02:00
A springboard for global ambitions.
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CryptoCurrency
HashKey Capital Secures Dual Licenses for Retail Crypto Services in Hong Kong
2024-05-16T11:50:48.853+02:00
The company obtained Type 4 and upgraded Type 9 authorization from the SFC.
It became the first firm to offer comprehensive crypto services to retail investors in Hong Kong.
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Retail FX
52% Acknowledge Parental Influence: Financial Legacies in Hong Kong
2024-05-03T11:41:35.896+02:00
Nearly half of Hong Kong adults defy parental financial habits, striving for financial stability.
74% learned money management from parents in childhood, linked to adult financial security.
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Payments
Hong Kong's Digital Wallet Revolution Ushers in a Borderless Shopping Spree
2024-04-30T18:00:00.000+02:00
How AliPay+ is creating a frictionless shopping experience for a globalized world.
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CryptoCurrency
Hong Kong “Conditionally” Approves Bitcoin and Ether ETFs
2024-04-16T07:55:53.052+02:00
At least three companies have received the conditional approval from the SEC.
The details of these conditionally approved ETFs remain unclear.
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Arnab Shome
CryptoCurrency
Hong Kong Regulators Move Forward with Greenlighting Spot Bitcoin ETFs
2024-04-10T13:09:14.547+02:00
Harvest Global Investments and VSFG, with Value Partners, applied for a spot ETF to the SFC.
Regulatory approval doesn't guarantee instant trading; more steps may be necessary.
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Retail FX
Strategy Straight from the Casino Promised 40% Monthly Profits: Regulator Warns
2024-04-08T11:43:04.707+02:00
Hong Kong’s financial regulator added PropCap to its alert list and issued a warning.
The company offered high monthly returns on investments thanks to Martingale's strategy.
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CryptoCurrency
DeFi Meets TradFi: Hong Kong's ZA Bank Targets Stablecoin Issuers
2024-04-05T22:17:16.770+02:00
ZA Bank is engaging stablecoin issuers to explore real-world use cases for the asset class.
The bank has facilitated transfers exceeding $1 billion from over 100 Web 3 clients.
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CryptoCurrency
Hong Kong Warns against Unlicensed Crypto Exchange Sure X
2024-04-05T17:49:17.538+02:00
Sure X operates under the name "Sure Bit International Pte Ltd" or "Sure Bit International Ltd."
The SFC warned that despite appearing inaccessible, investors might still find ways to access Sure X's websites and trading platform.
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Retail FX
Hong Kong's Investor Base Shrinks to 840,000, Study Finds
2024-04-03T10:18:56.375+02:00
The number of active investors in Hong Kong has decreased from 900,000.
However, there is a growing interest in trading abroad, mainly in the USA.
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FinTech
HSBC's PayMe Teams Up with Adyen to Tap into Hong Kong's Payment Market
2024-04-02T20:11:24.013+02:00
The partnership aims to enable Adyen's merchants to increase revenue through access to a broader customer base.
Adyen's merchants can utilize various payment methods, including PayMe, AlipayHK, Apple Pay, and Google Pay.
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CryptoCurrency
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
2024-03-25T18:38:23.532+02:00
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
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CryptoCurrency
Zodia Custody Secures TCSP License in Hong Kong for Digital Asset Custody
2024-03-18T15:34:48.967+02:00
The license enables catering to both local and international institutional clients' demands.
The firm pursued Asian market expansion with recent ventures in Japan and Singapore.
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CryptoCurrency
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
2024-03-15T12:49:25.642+02:00
MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
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Retail FX
Doo Financial Expands Hong Kong Footprint with Securities Trading License
2024-03-15T10:06:06.056+02:00
HK regulator approves Doo Financial for securities dealing, boosting its regional presence.
In the meantime, the company opened a new office in Dubai.
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CryptoCurrency
Bybit under Scrutiny: Hong Kong's Regulator Warns Crypto Investors
2024-03-14T15:19:53.562+02:00
The products offered by the crypto exchange that have raised concerns include futures contracts and options.
The SFC has vowed to take enforcement action against unlicensed crypto activities to protect investors.
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CryptoCurrency
Hong Kong's Regulator Launches Probe into Crypto Exchange BitForex
2024-03-04T19:29:30.942+02:00
The SFC maintains that BitForex lacks the necessary licensing.
This is despite claims that the company is based in Hong Kong.
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