#hong kong
71 articles found
Latest
Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported. 
The first tokenized securities were issued in Hong Kong
BOCI, the investment banking arm of Bank of China, has achieved a landmark feat by issuing CNH 200 million in fully digital structured notes. This marks the first instance of a Chinese financial institution issuing a tokenized security in Hong Kong. BOCI collaborated with UBS for the origination of the product, which was placed with UBS's clients in the Asia Pacific region. 
Hong Kong Police Rolls Out a New Metaverse Platform
As part of its ongoing crypto expansion, Hong Kong is taking strategic steps to prevent any negative fallout. This is underlined by the decision of the cybersecurity unit of the Hong Kong Police Force to establish a metaverse, designed to raise public awareness about new threats and opportunities connected with Web3 and virtual space. 
Gemini Foundation Launches Non-US Derivatives Platform
Gemini Foundation has launched a non-US derivatives platform for global traders, in a move that follows the recent launch of Coinbase International Exchange. This new platform is now live and available for trading to customers in multiple jurisdictions, including Singapore, Hong Kong, India, Israel, Jersey, New Zealand, and more. 
Tangem's previous success in July saw them selling 5,000 cold wallets, each compatible with a staggering 6,000+ cryptocurrencies. A new batch is now available, yet again sporting a Shiba Inu design.
According to the company, the first shipment reached a Hong Kong warehouse without issue and has been sent to customers. Hong Kong HSBC Customers Gain Access to Crypto ETFs
HSBC Hong Kong, a part of the Hong Kong and Shanghai Banking Corporation, has launched its first cryptocurrency services. The bank is now allowing its customers to buy and sell exchange-traded funds (ETFs) based on Bitcoin and Ethereum, according to a report by local journalist Colin Wu on June 26. Hong Kong Government Explores Regulatory Framework for Stablecoin
Chen Haolian, Deputy Director of the Hong Kong Financial Services and Treasury Bureau, recently announced that the government has conducted a public consultation on the launch of stablecoins and aims to establish a regulatory framework by the end of next year. Two of the world's leading crypto hubs join forces!
In a recent assembly in Abu Dhabi, the central banks of Hong Kong and the United Arab Emirates (UAE) unveiled plans to amplify their collaborative efforts, specifically in the domain of cryptocurrency regulations. The joint endeavor will take shape in the form of a collaborative working group. Hong Kong Launches CBDC Program
In a substantial step forward for the worldwide implementation of central bank digital currencies (CBDCs), the Hong Kong Monetary Authority (HKMA) unveiled its pilot program for the electronic Hong Kong dollar (e-HKD) on Thursday, explaining the digital currency's numerous possible applications in payments and tokenized deposits. Hong Kong Promises Strict Crypto Regulation
Hong Kong Monetary Authority Chief Executive Eddie Yue, in an interview, emphasized the city's intention to enforce stringent crypto regulations. He said, "Our regulation will be tight. We will facilitate the development of the ecosystem here, generating considerable excitement. However, this doesn't imply lax regulation." 