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CryptoCurrency
Observing Binance's Involvement: The Future of HKVAEX
2023-10-25T09:51:56.827+02:00
HKVAEX aims to secure a license in the midst of Hong Kong's push for crypto regulations.
Hong Kong is experiencing a growing crypto landscape.
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CryptoCurrency
Is Crypto Now for Pros Only? Hong Kongs Leaves Investors Guessing
2023-10-23T10:18:08.657+02:00
Hong Kong's SFC and HKMA revise guidelines on intermediaries' virtual asset activities.
The newest circular sends mixed signals to the crypto industry.
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CryptoCurrency
BC Technology Considers Sale of Crypto Platform OSL
2023-10-17T10:19:51.450+02:00
The tentative valuation for OSL stands at HK$1 billion.
OSL experienced a decline in its digital-asset trading volume during the first half of 2023.
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CryptoCurrency
Why Doesn't Hong Kong Allow Retail Stablecoins?
2023-10-10T19:24:40.210+02:00
Fostering crypto adoption with investor protection.
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CryptoCurrency
HK Police Warn against a Wave of Phishing Scam: Binance Users Lost $446K
2023-10-10T09:40:50.950+02:00
At least 11 Binance users in Hong Kong fall victim to these scams.
The fraudsters are targeting victims with text messages.
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Arnab Shome
CryptoCurrency
SFC and Hong Kong Police Collaborate on Monitoring Virtual Asset Trading Platforms
2023-10-04T14:44:55.534+02:00
The working group was formed following a high-level meeting between the two organizations.
The partnership underscores the commitment to safeguarding investors.
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CryptoCurrency
JPEX Scandal Pushes Hong Kong's SFC to Roll Out New Crypto Rules
2023-09-26T12:29:25.928+02:00
Hong Kong's SFC presents new initiatives to protect investors after the JPEX scandal.
Over 1,400 complaints have been lodged, implicating almost $130 million in losses.
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Damian Chmiel
CryptoCurrency
Hong Kong’s Crypto Firm Hit by Unprecedented $200 Million Cyber Heist
2023-09-25T23:47:41.219+02:00
Mixin Network allegedly lost the funds through its cloud service provider.
The platform has temporarily halted withdrawals to contain the situation.
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Jared Kirui
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CryptoCurrency
“In Light of Public Demand”: Hong Kong to Disclose Names Crypto License Applicants
2023-09-25T13:30:59.853+02:00
The move came following the actions against the crypto exchange JPEX.
The HK regulator will also enhance its list of suspicious platforms.
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Arnab Shome
CryptoCurrency
Hong Kong's Biggest Crypto Scam? Influencer Joseph Lam Severs Ties with JPEX
2023-09-22T23:19:56.220+02:00
Lam’s disassociation with JPEX has raised concerns among investors.
The case in question involves a staggering HK$1.37 billion.
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CryptoCurrency
Crypto Exchange JPEX Moves to Deregister Australia Entity, HK Blocks Access
2023-09-21T12:41:36.768+02:00
Hong Kong police received complaints from 1,641 investors involving HK$1.2 billion in crypto assets.
Several arrests were made in connection with the crypto exchange.
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Arnab Shome
CryptoCurrency
JPEX's Legal Woes Could Signal Trouble for Hong Kong Crypto
2023-09-19T10:50:34.994+02:00
HK authorities have arrested six people linked to an unlicensed cryptocurrency exchange.
The SFC has flagged complaints against JPEX involving more than $127.9 million in losses.
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Damian Chmiel
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CryptoCurrency
Crypto Exchange JPEX Halts Trading, HK Police Arrest an Influencer
2023-09-18T09:10:42.843+02:00
The exchange falsely claimed about its regulatory licenses.
The Hong Kong police received at least 83 complaints against the exchange.
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Arnab Shome
Retail FX
FX Broker EFSG Targets "Chinese Communities" for Global Expansion: CEO Reveals
2023-09-14T09:57:11.530+02:00
Emperor Financial Services Group, the largest broker in Hong Kong, is increasingly establishing its presence in Europe.
It is primarily targeting Chinese-speaking communities.
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Arnab Shome
CryptoCurrency
OKX’s Global Footprint Expands: Nears VASP License in Hong Kong
2023-09-04T16:02:28.745+02:00
Hong Kong’s pro-crypto stance is attracting crypto exchanges.
However, many exchanges have yet to obtain the licenses to operate in the country.
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Institutional FX
Mainland China and Hong Kong to Bolster Stock Connect with Block Trading
2023-08-11T16:31:22.885+02:00
Stock Connect, a cross-border shares trading channel, was introduced in 2014.
Earlier, CSRC and SFC signed an MoU on cross-border stock listing.
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Solomon Oladipupo
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CryptoCurrency
Hong Kong Raises Alarm on Crypto Platforms Just Two Months after Easing Regulations
2023-08-07T12:39:17.385+02:00
The SFC warns about unlicensed crypto trading providers engaging in misleading practices.
Investors are urged to avoid trading via unregulated platforms.
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Damian Chmiel
CryptoCurrency
HashKey's Full Crypto Licensing Opens Doors for Retail Trading in Hong Kong
2023-08-03T11:00:52.505+02:00
Hong Kong loosened cryptocurrency regulations in early June.
However, until now, there has been a lack of a company with the necessary licenses.
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Retail FX
Investors Sue Owners of Defunct Broker FxWinning for $28M, Allege Fraud
2023-08-02T19:08:51.296+02:00
One of the firm's websites, fxwinning.net, ceased operation in late June.
FxWinning lists UBS, Citi and Barclays as some of its liquidity suppliers.
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CryptoCurrency
OKX Scoops 10,000 Users in One Month after Hong Kong Legalized Crypto
2023-07-13T10:11:17.267+02:00
The OKX result shows the potential of Hong Kong's crypto market.
HK's new laws were introduced to transform the region into a crypto hub.
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Damian Chmiel
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Analysis
Analysis: March Brought Higher Deposits and More FX Transactions
2023-06-16T15:26:30.675+02:00
The first quarter of 2023 showed signs of improvement.
Hong Kong forex traders deposited the most funds to FX accounts.
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Sylwester Majewski
CryptoCurrency
Hong Kong Reportedly Pushing Top Banks to Support Crypto Firms
2023-06-15T14:42:03.886+02:00
The targeted banks are HSBC, Standard Chartered, and the Bank of China.
Hong Kong recently legalized crypto for retail investors.
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Jared Kirui
Institutional FX
HK Regulator Imposes Life Ban on Financial Firms Director
2023-06-06T12:48:13.987+02:00
Xie Yangxiong was working for Wansom AM and Wansom Securities.
He used companies' funds for personal expenditure.
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CryptoCurrency
Hong Kong’s New Crypto Regime Kicks In
2023-06-01T16:24:12.477+02:00
Crypto exchanges are to limit retail investors to digital assets with a large market cap.
Over 80 local and foreign crypto firms are interested in becoming licensed.
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Retail FX
News Nuggets | 30 May: Huobi HK Launches; US Approves Eurex BTC Futures
2023-05-30T12:27:26.911+02:00
Also, Colt expands US infrastructure; and the upcoming relaunch of crypto exchange TrigonX.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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