Hong Kong has recently been in the news due to crypto regulatory developments or the buzz around the possibility of spotting Bitcoin or Ethereum exchange-traded funds (ETF) launch in the coming months. On this occasion, the digital asset’s hub made the headlines after a crypto trading meeting between teenagers ended with the police’s involvement and […]
The Hong Kong Securities and Futures Commission (SFC) has recently raised concerns over Bybit, marking it as a platform of suspicion. This move comes amid a broader regulatory push within Hong Kong to oversee and regulate the crypto market. The SFC’s cautionary note addresses 11 investment products by Bybit, indicating potential risks these might pose […]
Hong Kong is set to introduce a new regulatory framework targeting over-the-counter (OTC) crypto trading platforms. This initiative, announced by the region’s Financial Services and the Treasury Bureau (FSTB), underscores Hong Kong’s commitment to ensuring a “transparent” digital asset marketplace. The local government’s impending publication of this regulatory consultation represents a critical step in addressing […]
This month’s spot Bitcoin ETF (Exchange Traded Fund) approval by the US Securities and Exchange Commission (SEC) marked a significant and historic moment for BTC and crypto adoption. The event opened new investment possibilities for firms and traditional investors, leading several asset managers worldwide to assess their possibilities for launching Bitcoin ETFs in their specific […]
The recent JPEX scandal has scarred the reputation of Hong Kong’s crypto industry, raising questions about the future of web3 and digital assets in the region. However, a speech by the region’s Financial Services and Treasury Secretary, Christopher Hui, at the ongoing Hong Kong Fintech week put minds at ease. Hui declared that the $165 […]