Hong Kong is making itself as Asia’s digital asset hub. The Securities and Futures Commission (SFC) has greenlit staking services, allowing China Asset Management (ChinaAMC) to launch an Ethereum ETF with staking by May 15. This is a significant move towards institutional crypto investment being made more compliant and accessible.
Hong Kong will soon pass stablecoin legislation and establish licensing rules for over-the-counter (OTC) transactions and digital asset custody services. Financial Secretary Paul Chan announced the plans during the Hong Kong Web3 Festival on Monday, signaling the city’s ongoing push to refine its Web3 policy. The new legislative framework will
Crypto regulation took a front seat among countries across the globe after the re-election of Donald Trump as the US president. Stablecoin regulation is already witnessing a clear progression in the US and other countries. As per the latest reports, Hong Kong’s regulator released a crypto staking guidance for licensed
Earlier today, Hong Kong chief executive John Lee’s account was hacked to promote a fake cryptocurrency. Scammers promoted a fake cryptocurrency called “National Hong Kong Coin” impersonating John Lee. The government clarified that there is no such coin and traders must be aware of this scam. In the Asian morning
After a brief silence, the Asian crypto markets have once again sprung up into action. The Hong Kong ConsenSys 2025 is off to a great start as per reports. Meanwhile, the Bitcoin Tech Carnival drew much attention with intriguing updates about the web3 sector. The overall crypto market, on the
Institutional adoption has become the hot topic in today’s crypto market. Just months after Microsoft rejected Saylor’s Bitcoin Strategic Reserve pitch, Google is giving it a green light. The Bitcoin Tech Carnival, which took place on February 18, saw such insightful panel discussions. Speaking of which, the Hong Kong ConsenSys
Shares of HK Asia Holdings Limited surged nearly 93% on Feb. 17 after the firm disclosed its purchase of one Bitcoin for $96,150 on Feb. 13. The Hong Kong-based investment firm used internal resources to finance the purchase, calling it a symbolic but strategic step toward digital asset integration. Despite
Invest Hong Kong has approved its first investment immigration application using Ethereum (ETH) as proof of assets, valued at HKD 30 million. Confirmed reports from Hong Kong-based Certified Public Accountant Clement Siu reveal this groundbreaking development. This decision, following Hong Kong’s approval of Spot Bitcoin and Ethereum ETF on April 15th,
While several countries are imposing heavy taxes on cryptocurrency gains, Hong Kong is easing the burden. Hong Kong plans to propose a tax exemption on cryptocurrency gains for institutional investors. According to a 20-page proposal seen by the Financial Times, the exemptions would extend beyond crypto to include a variety
ZA Bank, Hong Kong’s largest digital bank, has become the first bank in Asia to offer direct Bitcoin (BTC) and Ethereum (ETH) trading services through its platform. The service has been officially launched on November 25, 2024. This facilitates users to trade the two major cryptocurrencies using Hong Kong dollars
