SFC

Highlights: Hong Kong to allow crypto perpetual contracts for institutional investors only. Brokers can offer crypto-backed loans using BTC and ETH as collateral. Market makers must have conflict-of-interest safeguards and independent trading desks. Hong Kong’s financial regulator is taking a […]

Highlights: The Hong Kong Stock Exchange blocked several firms from shifting into digital asset treasury models. Regulators warned that DAT companies’ inflated stock prices may expose investors to major risks. Authorities stressed investor education, as many still don’t understand DAT […]

Highlights: SFC sets strict custody standards for crypto exchanges after global breaches. Licensed platforms must improve wallet systems and transaction controls. The rules aim to secure Hong Kong’s role in the global crypto market. Hong Kong’s Securities and Futures Commission […]

Highlights: South Korea is considering significant reforms with regard to crypto exchange fees. FSC will be comparing local charges with international platforms. Focus remains on major platforms like Bithumb, Upbit, and Coinone. South Korea is gearing up to carry out […]

Highlights: Professional investors will be allowed to trade crypto derivatives in Hong Kong. Tax incentives will support growth in virtual asset products. SFC approved staking and ETFs to diversify crypto investment tools. Professional investors in Hong Kong are going to […]

Highlights: HashKey Capital gains approval to manage discretionary cryptocurrency accounts for high-net-worth clients in Hong Kong. The firm offers access to spot crypto, derivatives, and OTC trades across multiple secure and compliant platforms. Hong Kong plans to expand its crypto […]

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: 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. […]

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 […]