The Securities and Futures Commission (SFC) of the Special Administrative Region has granted licenses to three cryptocurrency exchanges, among them is the Hong Kong Virtual Asset Exchange (HKVAX), allowing it to service retail consumers. It joins two other Hong Kong exchanges that have recently received full authorization. The HKVAX website
According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing
The Hong Kong Securities and Futures Commission (SFC) granted a virtual asset trading platform (VATP) license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27, regardless of passing the official deadline for applications on May 31, 2024. The Securities and Futures Commission (SFC) introduced a new licensing framework
A survey found that among countries throughout the world, Singapore has the highest rate of cryptocurrency adoption. With Hong Kong and the UAE following closely behind. Researching the current status of cryptocurrency adoption across nations, the Henley Crypto Adoption Index 2024 was published by the investment migration consulting company Henley
Hong Kong’s Securities and Futures Commission (SFC) has identified various shortcomings among crypto firms seeking full licenses. These findings emerged as the SFC intensified its scrutiny of virtual asset trading platforms under its new regulatory framework, which came into effect in 2024. The SFC recently revealed that some crypto entities
The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Data from SoSo Value shows that
Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital
On Sunday, August 11th, at Foresight 2024 Hong Kong, Ben Caselin, the Chief Marketing Officer of VALR, the cryptocurrency exchange backed by Pantera, gave a keynote speech on the unique adoption trajectory of cryptocurrencies in emerging markets. Caselin’s presentation clarified the notable distinctions between the adoption of cryptocurrency in nations such
A Hong Kong-based virtual bank is considering expanding into spot trading markets after launching crypto exchange-traded fund trading for clients. The first virtual bank to provide direct trading of spot Bitcoin ETFs and Ether ETFs on its platform, Mox, a subsidiary of Standard Chartered, made history on August 7 when
Chinese capital Hong Kong announced the launch of a new ETF product on Monday. After its recent launch of spot Bitcoin and Ethereum ETFs, Hong Kong recently announced the launch of an inverse Bitcoin ETF. The capital, in the past few months, has been focusing on developing its cryptocurrency sector
