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CryptoCurrency

Bitget Drops Crypto License Bid in Hong Kong

  • The crypto exchange’s Hong Kong division, BitgetX, will cease operations on December 13.
  • Users have been urged to withdraw their assets before the deadline.
Monday, 13/11/2023 | 12:13 GMT by Jared Kirui
News

JPEX Saga Deepens with Emergence of New Suspects

  • As of September 25, authorities have detained 11 suspects with the masterminds still at large.
  • Hong Kong authorities are investigating over 2,000 complaints reporting losses of nearly $180 million.
Thursday, 09/11/2023 | 12:00 GMT by Tareq Sikder
CryptoCurrency

Hong Kong Mulls to Approve Spot Crypto ETFs

  • The Asian jurisdiction already allows futures-based crypto ETFs.
  • It rolled out a dedicated virtual asset regulatory framework last June.
Monday, 06/11/2023 | 07:30 GMT by Arnab Shome
CryptoCurrency

Zodia Custody Extends to Hong Kong Following Recent Launch in Australia

  • Standard Chartered’s subsidiary is launching in Hong Kong to secure financial institutions' crypto assets.
  • The move marks the firm's continued expansion into the Asia-Pacific region.
Monday, 30/10/2023 | 07:46 GMT by Damian Chmiel
CryptoCurrency

Observing Binance's Involvement: The Future of HKVAEX

  • HKVAEX aims to secure a license in the midst of Hong Kong's push for crypto regulations.
  • Hong Kong is experiencing a growing crypto landscape.
Wednesday, 25/10/2023 | 07:51 GMT by Tareq Sikder
CryptoCurrency

Is Crypto Now for Pros Only? Hong Kongs Leaves Investors Guessing

  • Hong Kong's SFC and HKMA revise guidelines on intermediaries' virtual asset activities.
  • The newest circular sends mixed signals to the crypto industry.
Monday, 23/10/2023 | 08:18 GMT by Damian Chmiel
CryptoCurrency

BC Technology Considers Sale of Crypto Platform OSL

  • The tentative valuation for OSL stands at HK$1 billion.
  • OSL experienced a decline in its digital-asset trading volume during the first half of 2023.
Tuesday, 17/10/2023 | 08:19 GMT by Tareq Sikder
CryptoCurrency

Why Doesn't Hong Kong Allow Retail Stablecoins?

  • Fostering crypto adoption with investor protection.
Tuesday, 10/10/2023 | 17:24 GMT by Pedro Ferreira
CryptoCurrency

HK Police Warn against a Wave of Phishing Scam: Binance Users Lost $446K

  • At least 11 Binance users in Hong Kong fall victim to these scams.
  • The fraudsters are targeting victims with text messages.
Tuesday, 10/10/2023 | 07:40 GMT by Arnab Shome
CryptoCurrency

SFC and Hong Kong Police Collaborate on Monitoring Virtual Asset Trading Platforms

  • The working group was formed following a high-level meeting between the two organizations.
  • The partnership underscores the commitment to safeguarding investors.
Wednesday, 04/10/2023 | 12:44 GMT by Tareq Sikder
CryptoCurrency

JPEX Scandal Pushes Hong Kong's SFC to Roll Out New Crypto Rules

  • Hong Kong's SFC presents new initiatives to protect investors after the JPEX scandal.
  • Over 1,400 complaints have been lodged, implicating almost $130 million in losses.
Tuesday, 26/09/2023 | 10:29 GMT by Damian Chmiel
CryptoCurrency

Hong Kong’s Crypto Firm Hit by Unprecedented $200 Million Cyber Heist

  • Mixin Network allegedly lost the funds through its cloud service provider.
  • The platform has temporarily halted withdrawals to contain the situation.
Monday, 25/09/2023 | 21:47 GMT by Jared Kirui
CryptoCurrency

“In Light of Public Demand”: Hong Kong to Disclose Names Crypto License Applicants

  • The move came following the actions against the crypto exchange JPEX.
  • The HK regulator will also enhance its list of suspicious platforms.
Monday, 25/09/2023 | 11:30 GMT by Arnab Shome
CryptoCurrency

Hong Kong's Biggest Crypto Scam? Influencer Joseph Lam Severs Ties with JPEX

  • Lam’s disassociation with JPEX has raised concerns among investors.
  • The case in question involves a staggering HK$1.37 billion.
Friday, 22/09/2023 | 21:19 GMT by Jared Kirui
CryptoCurrency

Crypto Exchange JPEX Moves to Deregister Australia Entity, HK Blocks Access

  • Hong Kong police received complaints from 1,641 investors involving HK$1.2 billion in crypto assets.
  • Several arrests were made in connection with the crypto exchange.
Thursday, 21/09/2023 | 10:41 GMT by Arnab Shome
CryptoCurrency

JPEX's Legal Woes Could Signal Trouble for Hong Kong Crypto

  • HK authorities have arrested six people linked to an unlicensed cryptocurrency exchange.
  • The SFC has flagged complaints against JPEX involving more than $127.9 million in losses.
Tuesday, 19/09/2023 | 08:50 GMT by Damian Chmiel
CryptoCurrency

Crypto Exchange JPEX Halts Trading, HK Police Arrest an Influencer

  • The exchange falsely claimed about its regulatory licenses.
  • The Hong Kong police received at least 83 complaints against the exchange.
Monday, 18/09/2023 | 07:10 GMT by Arnab Shome
Retail FX

FX Broker EFSG Targets "Chinese Communities" for Global Expansion: CEO Reveals

  • Emperor Financial Services Group, the largest broker in Hong Kong, is increasingly establishing its presence in Europe.
  • It is primarily targeting Chinese-speaking communities.
Thursday, 14/09/2023 | 07:57 GMT by Arnab Shome
CryptoCurrency

OKX’s Global Footprint Expands: Nears VASP License in Hong Kong

  • Hong Kong’s pro-crypto stance is attracting crypto exchanges.
  • However, many exchanges have yet to obtain the licenses to operate in the country.
Monday, 04/09/2023 | 14:02 GMT by Jared Kirui
Institutional FX

Mainland China and Hong Kong to Bolster Stock Connect with Block Trading

  • Stock Connect, a cross-border shares trading channel, was introduced in 2014.
  • Earlier, CSRC and SFC signed an MoU on cross-border stock listing.
Friday, 11/08/2023 | 14:31 GMT by Solomon Oladipupo
CryptoCurrency

Hong Kong Raises Alarm on Crypto Platforms Just Two Months after Easing Regulations

  • The SFC warns about unlicensed crypto trading providers engaging in misleading practices.
  • Investors are urged to avoid trading via unregulated platforms.
Monday, 07/08/2023 | 10:39 GMT by Damian Chmiel
CryptoCurrency

HashKey's Full Crypto Licensing Opens Doors for Retail Trading in Hong Kong

  • Hong Kong loosened cryptocurrency regulations in early June.
  • However, until now, there has been a lack of a company with the necessary licenses.
Thursday, 03/08/2023 | 09:00 GMT by Damian Chmiel
Retail FX

Investors Sue Owners of Defunct Broker FxWinning for $28M, Allege Fraud

  • One of the firm's websites, fxwinning.net, ceased operation in late June.
  • FxWinning lists UBS, Citi and Barclays as some of its liquidity suppliers.
Wednesday, 02/08/2023 | 17:08 GMT by Solomon Oladipupo
CryptoCurrency

OKX Scoops 10,000 Users in One Month after Hong Kong Legalized Crypto

  • The OKX result shows the potential of Hong Kong's crypto market.
  • HK's new laws were introduced to transform the region into a crypto hub.
Thursday, 13/07/2023 | 08:11 GMT by Damian Chmiel
Analysis

Analysis: March Brought Higher Deposits and More FX Transactions

  • The first quarter of 2023 showed signs of improvement.
  • Hong Kong forex traders deposited the most funds to FX accounts.
Friday, 16/06/2023 | 13:26 GMT by Sylwester Majewski
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