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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

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

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
Retail FX

News Nuggets | 13 September: SEC Charges Virtu, YieldStreet; HK Warns against Crypto Firm

  • Also, Frangou leaves payabl.; Simpson joins Broadridge; TS Imagine partners with eflow.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 13/09/2023 | 09:32 GMT by Finance Magnates Staff
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
Institutional FX

HK Regulator Imposes Life Ban on Financial Firms Director

  • Xie Yangxiong was working for Wansom AM and Wansom Securities.
  • He used companies' funds for personal expenditure.
Tuesday, 06/06/2023 | 10:48 GMT by Damian Chmiel
Retail FX

Hong Kong’s SFC Charges 24 in Ramp-and-Dump Stock Investment Schemes

  • The SFC froze $650M belonging to some suspected syndicate members.
  • The watchdog arraigned 14 suspected members in Sept. and Nov. last year.
Friday, 21/04/2023 | 14:40 GMT by Solomon Oladipupo
CryptoCurrency

Gate.io Crypto Exchange Confirms its SFC License Application

  • Gate.io applied for an SFC license and wants to obtain VASP authorization.
  • In addition, the crypto exchange launched a new product dubbed Gate Wealth.
Tuesday, 11/04/2023 | 08:36 GMT by Damian Chmiel
Institutional FX

SFC Slaps City International Futures with $100,000 Fine for Regulatory Breaches

  • The SFC took into account many mitigating factors when imposing the penalty.
  • However, the regulator wanted to convey that such failures are unacceptable.
Thursday, 09/03/2023 | 10:06 GMT by Damian Chmiel
Institutional FX

SFC Imposes 10-Year Ban on Citigroup Global Markets Asia's Ex-Officer

  • The SFC fined CGMAL $348.25 million in January 2022.
  • The regulator found that most of the violations were due to the actions of the company's former manager.
Monday, 06/03/2023 | 09:37 GMT by Damian Chmiel
CryptoCurrency

Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License

  • Gate Group is another crypto firm after Huobi which wants to open a local exchange in HK.
  • It's likely that SFC will allow retail investors to actively trade in the digital assets market.
Thursday, 23/02/2023 | 09:57 GMT by Damian Chmiel
CryptoCurrency

Hong Kong's SFC Consults on Allowing Retail Traders to Trade Crypto

  • From 1 June, every crypto trading platform in Hong Kong needs to be regulated by the SFC.
  • The SFC wants to know if regulation should allow retailers to trade as well.
Monday, 20/02/2023 | 08:59 GMT by Damian Chmiel
Retail FX

China and Hong Kong’s Regulators Sign MoU on Cross-Border Shares Listing

  • The MoU provides clarification on cross-border regulatory enforcement.
  • China has been opposing cross-border online brokers that onboard Chinese clients.
Friday, 17/02/2023 | 20:52 GMT by Solomon Oladipupo
Institutional FX

SFC Fines Guosen Securities HK$2.8 Million

  • The Commission pointed to mitigating factors in its final decision.
  • Gousen breached the Client Securities Rules.
Wednesday, 21/12/2022 | 10:34 GMT by Damian Chmiel
CryptoCurrency

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

  • The ETFs are expected to be launched at HK$780 per unit on Friday.
  • Hong Kong's SFC decided to permit crypto EFTs less than two months ago.
Thursday, 15/12/2022 | 13:42 GMT by Solomon Oladipupo
Retail FX

Hong Kong’s SFC Proposes Risk Management Rules for Futures Brokers

  • The regulator proposed several mechanisms to mitigate future dealing risks.
  • It will accept the industry feedback until 31 January 2023.
Friday, 25/11/2022 | 10:35 GMT by Arnab Shome
Retail FX

Hong Kong Court Convicts ex-Fulbright Securities Account Exec of Fraud

  • A client lost $48,321 as a result of the fraud.
  • Hong Kong's SFC slammed a life-long industry ban on Kwong Shing five years ago.
Friday, 14/10/2022 | 13:00 GMT by Solomon Oladipupo
Brokers

Hong Kong’s SFC Finds Several Compliance Lapses at Online Brokerages

  • It surveyed 50 licensed corporations.
  • Online brokers have opened 96% of accounts in the past year through non-face-to-face onboarding processes.
Wednesday, 31/08/2022 | 10:24 GMT by Arnab Shome
Institutional FX

Asian Wealth Management Unit of RBC Fined HK$7.7M in Hong Kong

  • The company mishandled client assets on several occasions.
  • However, it did not dispute regulatory findings and actions.
Wednesday, 20/07/2022 | 10:31 GMT by Arnab Shome
Institutional FX

Hong Kong’s SFC Imposes a Ban on Former Standard Chartered Executive

  • Lam Ki Fung was banned for three years from re-entering the financial industry.
  • He was found guilty of committing fraud between April and December 2017.
Monday, 18/07/2022 | 17:23 GMT by Felipe Erazo
Institutional FX

SFC Fines CES Capital International HK$3.2 Million

  • The company failed to discharge its duties as an investment manager of two funds.
  • CESHK cooperated with the SFC during the investigation.
Monday, 27/06/2022 | 21:22 GMT by Felipe Erazo
Analysis

Forex in Hong Kong. CFDs Are Banned, but Traders Seek Other Options

  • Hong Kong is considered one of the most expensive places to live.
  • Thus, the average retail trader here has a deep pocket, cPattern data shows.
Thursday, 23/06/2022 | 08:44 GMT by Damian Chmiel
News

MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds

  • The company manages two actively managed blockchain-themed hedge funds.
  • Until now, it operated with SFC’s Type 4 and Type 9 licenses.
Tuesday, 12/04/2022 | 09:56 GMT by Arnab Shome
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