#Hong Kong

Highlights: Hong Kong’s stablecoin bill requires the issuers to apply for a license from the HKMA. Authorities will seek to ensure that stablecoin backing is high quality liquid. The existing public consultation for crypto custodians and OTC trading regulation will […]

Highlights: Syndicate used deepfake to scam victims, amassing HK$34M via romance and investment fraud. Scammers employed AI deepfake personas to gain trust and exploit victims financially. Deepfake to scam victims highlights rising technological fraud, with billions lost worldwide in similar […]

Highlights: Hong Kong lawmaker suggests including Bitcoin in the city’s Exchange Fund. Bitcoin could enhance financial stability in Hong Kong amidst global market shifts. An ex-German finance minister advocates for the ECB to hold Bitcoin in its reserves. Wu Jiezhuang, […]

Highlights: Hong Kong offers tax breaks on crypto and private credit to attract global asset managers. ZA Bank launches Bitcoin and Ethereum trading directly for retail customers in Hong Kong. Hong Kong expands tax exemptions to boost finance and compete […]

Highlights: ZA Bank becomes Asia’s first bank to offer retail cryptocurrency trading for BTC and ETH. ZA Bank partners with HashKey for technology infrastructure to offer 24/7 crypto trading services. Transaction fees are waived until June, after which platform fees […]

Highlights: The HKMA warns crypto firms misrepresenting as banks may be in violation of Hong Kong’s Banking Ordinance. The HKMA raised alarm after two overseas firms falsely represented themselves as banks. The use of the word ‘bank’ in the names […]

Highlights: Circle plans expansion in Hong Kong, pending new stablecoin regulations, to establish local operations and hire more staff. Hong Kong’s favorable financial infrastructure makes it an ideal hub for Circle’s stablecoin growth in the Asia-Pacific. Circle’s CEO Jeremy Allaire […]

Highlights: Lingling Jiang replaces Eugene Ng at DWF Labs, maintaining ethical standards in the company’s practice. DWF Labs’ decision to appoint Jiang as Head of Strategy underlines its commitment to reliable leadership in cryptocurrency. DWF Labs has partnered with GraFun […]

Highlights: Hong Kong’s ZA Bank launches a crypto trading pilot, a response to 75% of investors’ keen interest in cryptocurrency trading. Upon the pilot’s completion, the service will serve to offer regulated virtual asset trading in ZA Bank’s app. ZA […]

Highlights:  Circle and HKT collaborate on blockchain-based loyalty systems, enhancing how consumers engage with merchants in Hong Kong. The collaboration will bring together Circle’s and HKT’s strengths to explore the use of Web3 technology in consumer loyalty programs. With Programmable […]

Highlights: Starting from November 15, HKEX will launch the HKEX Virtual Asset Index Series, providing real-time benchmarks on Bitcoin and Ethereum pricing. The index series will provide transparent and reliable pricing for Bitcoin and Ether during Asian hours. Launched by […]

Highlights: HKEX’s crypto index offers 24/7 tracking for Bitcoin and Ethereum, boosting market reliability. Partnering with CCData, HKEX enhances trust by providing real-time, volume-weighted crypto prices. Hong Kong strengthens its global finance role as HKEX launches a transparent cryptocurrency index. […]