The Hong Kong Securities and Futures Commission (SFC) has said that it would revise its regulations concerning the sales and requisite of virtual currencies amid current market trends and demands from the industry. The SFC said on October 20 that under the new regulations, only institutional investors would be authorized
OSL, a cryptocurrency platform owned by BC Technology Group Ltd. of Hong Kong, is reportedly offered for sale. The decision comes as the Hong Kong cryptocurrency market struggles with difficulties including low demand and regulation concerns. According to Bloomberg, citing individuals familiar with the situation, BC Technology has reportedly investigated
In an effort to test the viability of a CBDC, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI), have collaborated. Project Sela is an effort to build a robust, decentralized, reliable CBDC (rCBDC) ecosystem that puts privacy
Hong Kong, a major financial center on the world stage, has taken a major step forward in fortifying its crypto position. One of the first exchanges to get a license from the city’s SFC, HashKey Exchange, officially welcomed retail investors on Monday. This is an important step in the city’s
Paul Chan Mo-po, the finance secretary of Hong Kong, has stated his continued belief in blockchain technology, which he predicts will usher in a period of remarkable growth for the digital technology sector. Chan predicted that new forms of Web3-based entertainment will dominate the next generation of digital media in
The Hong Kong Virtual Asset Exchange (HKVAX) has received an in-principle clearance from the Securities and Futures Commission (SFC) to conduct virtual asset trading in accordance with Hong Kong’s securities regulations. To conduct Type 1 and Type 7 regulated operations, HKVAX reported on August 11 that it had secured “approval-in-principle”
HashKey Exchange is the first cryptocurrency exchange in Hong Kong to get a license to operate for retail clients under the region’s new crypto guidelines, which are designed to turn Hong Kong into a global cryptocurrency center. HashKey Group, which includes virtual asset exchange HashKey Exchange in Hong Kong, made
The Hong Kong Securities Regulatory Commission will approve the compliant exchange for the first time to provide service to retail investors. This approval comes after the Hong Kong Securities Regulatory Commission introduced cryptocurrency trading guidance for retail investors under a new set of licensing rules. 一张好"牌"，即将到来 pic.twitter.com/S6AIgiuJgb — Livio Weng
Hong Kong University of Science and Technology Vice President Cai Wensheng proposed the HKD stablecoin on July 4. The Hong Kong government did not support a similar policy suggestion offered by Wang Yang, Lei Zhibin, and Wen Yizhou. The scholars want to create a stablecoin for the local currency that
The Hong Kong government has formed a task team to advocate for Web3 innovation. Late on Friday, the Government of the Hong Kong Special Administrative Region issued a press release announcing a new policy that would go into force today. Paul Chan, the finance secretary of Hong Kong, and other
