Hong Kong

Highlights: The HKMA warns crypto firms misrepresenting as banks may be in violation of Hong Kong’s Banking Ordinance. The HKMA raised alarm after two overseas firms falsely represented themselves as banks. The use of the word ‘bank’ in the names […]

Highlights: Circle plans expansion in Hong Kong, pending new stablecoin regulations, to establish local operations and hire more staff. Hong Kong’s favorable financial infrastructure makes it an ideal hub for Circle’s stablecoin growth in the Asia-Pacific. Circle’s CEO Jeremy Allaire […]

Highlights: Lingling Jiang replaces Eugene Ng at DWF Labs, maintaining ethical standards in the company’s practice. DWF Labs’ decision to appoint Jiang as Head of Strategy underlines its commitment to reliable leadership in cryptocurrency. DWF Labs has partnered with GraFun […]

Highlights: Hong Kong’s ZA Bank launches a crypto trading pilot, a response to 75% of investors’ keen interest in cryptocurrency trading. Upon the pilot’s completion, the service will serve to offer regulated virtual asset trading in ZA Bank’s app. ZA […]

Highlights:  Circle and HKT collaborate on blockchain-based loyalty systems, enhancing how consumers engage with merchants in Hong Kong. The collaboration will bring together Circle’s and HKT’s strengths to explore the use of Web3 technology in consumer loyalty programs. With Programmable […]

Highlights: Starting from November 15, HKEX will launch the HKEX Virtual Asset Index Series, providing real-time benchmarks on Bitcoin and Ethereum pricing. The index series will provide transparent and reliable pricing for Bitcoin and Ether during Asian hours. Launched by […]

Highlights: HKEX’s crypto index offers 24/7 tracking for Bitcoin and Ethereum, boosting market reliability. Partnering with CCData, HKEX enhances trust by providing real-time, volume-weighted crypto prices. Hong Kong strengthens its global finance role as HKEX launches a transparent cryptocurrency index. […]

Highlights: France’s fraud trial involves a €28M crypto scam affecting 1,300 victims. Football clubs targeted in France’s multi-million crypto fraud case. 22 defendants face charges in France over cross-border crypto fraud. A major fraud trial involving cryptocurrency and diamond investments […]

Highlights: Hong Kong police arrested 27 people in a $46 million deepfake crypto romance scam targeting men across Asia. Scammers used AI deepfake technology to impersonate attractive women, luring victims into fake cryptocurrency investments. The syndicate recruited university graduates to […]

Highlights: HKVAX becomes the third licensed crypto exchange in Hong Kong under new regulations. The exchange secured Type 1 and Type 7 licenses, plus an AMLO license. HKVAX aims to offer comprehensive crypto services, including OTC brokerage and custody solutions. […]

Mox Bank, a Hong Kong-based virtual bank backed by Standard Chartered, expands its investment options to provide crypto exchange-traded funds (ETF) services in the state. With this significant achievement, Mox Bank will become a first-of-its-kind financial firm that offers Bitcoin […]

Highlights: Futu Securities offers direct Bitcoin trading, leading Hong Kong’s crypto market expansion with innovative services. Customers can earn shares of Alibaba or Nvidia as incentives, driving significant investor interest. Partnering with HashKey Exchange, Futu complies with SFC rules, enhancing […]