A lawmaker from Hong Kong has voiced his displeasure with the “excessively stringent” licensing requirements for cryptocurrency exchanges, claiming that these regulations have discouraged prominent international exchanges from setting up offices in Hong Kong and have lowered investor confidence. In an opinion post published on Saturday in the Hong Kong
Several of the biggest international exchanges have withdrawn their applications for licenses from Hong Kong’s Securities and Futures Commission (SFC), seemingly undermining Hong Kong’s hopes of becoming the most sought-after location for Web3 and cryptocurrency. Exchanges, including OKX, Huobi, and Binance, have reportedly chosen to withdraw their applications in the
The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days. The list included leading exchanges Bullish, Crypto.com
Local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after a June 1 licensing deadline will be subject to “on-site inspections” according to the Hong Kong Securities and Futures Commission (SFC). On May 28, the SFC reminded cryptocurrency enterprises that they need to get a
Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch
The Hong Kong Monetary Authority announced the launch of e-CNY wallets for local users in a press release on May 17. The project advocating for Cross-Boundary payments has been in effect since 2019.The e-CNY is a pilot program of China’s experimentation with digital fiat currency payment systems in connection with
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March 15 saw the addition of cryptocurrency exchange MEXC to the warning list maintained by Hong Kong’s Securities and Futures Commission (SFC). The SFC has said that MEXC is advertising its services to investors in Hong Kong even though it does not have a license to operate in the region
Hong Kong will soon force all non-compliant trading platforms to shut down locally, and the region has already ceased accepting licensing applications from cryptocurrency exchanges as of February 29. All Hong Kong cryptocurrency exchanges that have not applied for a license must close their doors by May 31, 2024, according
An alert has been issued by the Hong Kong Securities and Futures Commission (SFC) and the local police force about a scammer claiming to be MEXC, a cryptocurrency exchange. Allegedly, the impersonator is stealing money by tricking would-be investors. As part of its larger efforts to monitor and investigate unlawful
