Hong Kong

Crypto exchange HKX disclosed that it is terminating its operations in Hong Kong, citing issues with the country’s regulatory compliance. The crypto firm has withdrawn its license application and advised users to deduct funds from the platform. Hong Kong’s legal […]

Highlights: CSOP launches Asia’s first inverse Bitcoin ETF, enabling profits from Bitcoin’s declines The ETF responds inversely to daily changes in the S&P Bitcoin Futures Index, capitalizing on market volatility Hong Kong advances its global stance in digital innovation with […]

The Hong Kong Legislative Council seeks international input to refine its Web3 and virtual asset strategies. This initiative is part of a broader effort to establish Hong Kong as a leader in digital innovation and enhance its global standing in […]

Hong Kong’s Finance Secretary, Christopher Hui, announced that the city’s new spot crypto exchange-traded funds (ETFs) enhance investor flexibility with an in-kind subscription and redemption feature. These ETFs, the first in Asia, were launched in April as part of Hong […]

Highlights: Polkadot’s upcoming version 2.0 upgrade promises more enhanced interoperability, scalability, and governance. The approved JAM upgrade will enable smart contract-like services on Polkadot’s Relay Chain. PolkaPort East will leverage the Web3 Foundation grant for Polkadot’s expansion in Asia. Polkadot, […]

Hong Kong’s cryptocurrency exchange licensing fees have reduced, contrasting with figures from a year ago. According to Livio Wang, the Chief Operating Officer of HashKey Group, the expenses associated with obtaining these licenses have decreased from tens of millions to […]

Highlights: Hong Kong’s SFC will conduct on-site inspections of crypto trading platforms as the June 1, 2024, deadline for licensing approaches. The SFC emphasizes the protection of client assets and ‘Know Your Client’ measures. Only OSL Digital Securities Limited and […]

Highlights: OKX will cease centralized virtual asset trading in Hong Kong from May 31, 2024, complying with regulatory requirements. Users are advised to withdraw assets to self-custodial wallets or third-party platforms before August 31, 2024. Despite halting trading operations, OKX […]