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Hong kong
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CryptoCurrency
Hong Kong “Conditionally” Approves Bitcoin and Ether ETFs
2024-04-16T07:55:53.052+02:00
At least three companies have received the conditional approval from the SEC.
The details of these conditionally approved ETFs remain unclear.
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CryptoCurrency
Hong Kong Regulators Move Forward with Greenlighting Spot Bitcoin ETFs
2024-04-10T13:09:14.547+02:00
Harvest Global Investments and VSFG, with Value Partners, applied for a spot ETF to the SFC.
Regulatory approval doesn't guarantee instant trading; more steps may be necessary.
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Retail FX
Strategy Straight from the Casino Promised 40% Monthly Profits: Regulator Warns
2024-04-08T11:43:04.707+02:00
Hong Kong’s financial regulator added PropCap to its alert list and issued a warning.
The company offered high monthly returns on investments thanks to Martingale's strategy.
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CryptoCurrency
DeFi Meets TradFi: Hong Kong's ZA Bank Targets Stablecoin Issuers
2024-04-05T22:17:16.770+02:00
ZA Bank is engaging stablecoin issuers to explore real-world use cases for the asset class.
The bank has facilitated transfers exceeding $1 billion from over 100 Web 3 clients.
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CryptoCurrency
Hong Kong Warns against Unlicensed Crypto Exchange Sure X
2024-04-05T17:49:17.538+02:00
Sure X operates under the name "Sure Bit International Pte Ltd" or "Sure Bit International Ltd."
The SFC warned that despite appearing inaccessible, investors might still find ways to access Sure X's websites and trading platform.
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Retail FX
Hong Kong's Investor Base Shrinks to 840,000, Study Finds
2024-04-03T10:18:56.375+02:00
The number of active investors in Hong Kong has decreased from 900,000.
However, there is a growing interest in trading abroad, mainly in the USA.
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FinTech
HSBC's PayMe Teams Up with Adyen to Tap into Hong Kong's Payment Market
2024-04-02T20:11:24.013+02:00
The partnership aims to enable Adyen's merchants to increase revenue through access to a broader customer base.
Adyen's merchants can utilize various payment methods, including PayMe, AlipayHK, Apple Pay, and Google Pay.
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CryptoCurrency
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
2024-03-25T18:38:23.532+02:00
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
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CryptoCurrency
Zodia Custody Secures TCSP License in Hong Kong for Digital Asset Custody
2024-03-18T15:34:48.967+02:00
The license enables catering to both local and international institutional clients' demands.
The firm pursued Asian market expansion with recent ventures in Japan and Singapore.
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CryptoCurrency
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
2024-03-15T12:49:25.642+02:00
MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
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Retail FX
Doo Financial Expands Hong Kong Footprint with Securities Trading License
2024-03-15T10:06:06.056+02:00
HK regulator approves Doo Financial for securities dealing, boosting its regional presence.
In the meantime, the company opened a new office in Dubai.
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CryptoCurrency
Bybit under Scrutiny: Hong Kong's Regulator Warns Crypto Investors
2024-03-14T15:19:53.562+02:00
The products offered by the crypto exchange that have raised concerns include futures contracts and options.
The SFC has vowed to take enforcement action against unlicensed crypto activities to protect investors.
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CryptoCurrency
Hong Kong's Regulator Launches Probe into Crypto Exchange BitForex
2024-03-04T19:29:30.942+02:00
The SFC maintains that BitForex lacks the necessary licensing.
This is despite claims that the company is based in Hong Kong.
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CryptoCurrency
Crypto Giants Absent as Hong Kong Attracts 24 Companies for Licenses
2024-03-01T12:25:43.868+02:00
Platforms must apply by February 29th or cease operations by the end of May.
Much of the crypto entering the city flows through OTC trades rather than exchanges.
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CryptoCurrency
BitForex Plunges Offline amidst $57 Million Crypto Withdrawal Mystery
2024-02-27T09:51:31.395+02:00
The shutdown amid the withdrawal mystery echoes past Japanese regulatory warnings.
In September 2023, the firm ranked among the top global exchanges, trading $2.6 billion daily.
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CryptoCurrency
Hong Kong: Crypto Investors Face Deadline to Switch to Licensed Platforms
2024-02-05T08:43:15.018+02:00
Crypto exchanges in Hong Kong must be licensed by 29 February.
The regulator wants traders to close accounts with unlicensed entities by May 31 or move to licensed ones.
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CryptoCurrency
Hong Kong Flags "Floki" and "TokenFi" Staking Programs
2024-01-26T14:47:16.788+02:00
These programs promise annual returns ranging from 30% to over 100%.
Administrators of these programs have allegedly failed to explain the feasibility of these high returns.
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CryptoCurrency
Tiger Trade to Include Crypto Trading for Hong Kong Investors
2024-01-25T12:09:49.778+02:00
UP Fintech gets a Hong Kong license to deal in crypto via the Tiger Trade platform.
The company will offer crypto trading for professional investors from the region.
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Retail FX
Hong Kong's SFC Presents Three-Year Strategy, Focusing on Tokenization
2024-01-23T11:53:30.159+02:00
Hong Kong SFC's 2024-2026 plan focuses on market resilience and global finance innovation.
The strategy includes tokenizing assets and better controlling cryptocurrencies.
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CryptoCurrency
Hong Kong Proposes Rules to License Stablecoin Issuers
2023-12-27T11:55:00.000+02:00
Stablecoin issuers need to establish a local presence to receive the license.
The proposed rules will not allow algorithmic stablecoins.
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Retail FX
Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
2023-12-20T13:23:24.911+02:00
New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
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Analysis
Analysis: Monthly FX/CFD Deposits Kept Growing in October
2023-12-13T15:56:44.758+02:00
Third consecutive month of growth.
Switzerland tops the rank again.
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CryptoCurrency
Unlicensed Hounax Leaves 145 Users with $18.9 Million Loss in Hong Kong
2023-11-28T18:38:51.594+02:00
The SFC previously flagged Hounax as a suspicious platform.
The incident has followed the JPEX scandal with over 2,000 complaints.
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CryptoCurrency
Interactive Brokers Hong Kong Enters Retail Crypto Trading Arena
2023-11-24T22:13:51.108+02:00
The brokerage giant has obtained a crypto trading license in Hong Kong.
Interactive Brokers joined Victory Securities in securing the SFC's approval.
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Retail FX
Hong Kong’s Digital Bank with 70K Users Mulls to Offer US Stocks
2023-11-24T09:21:03.020+02:00
ZA Bank obtained its Type 1 regulated activity license in January 2021.
It is also pushing to offer services to the growing local crypto industry.
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