Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges.
Hong Kong
Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License
The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license.
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: Bloomberg
The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.
Hong Kong Will Allow Some Tokenized Securities-Related Activities
The move appears to be another step in Hong Kong’s recently accelerated ambitions to become a virtual asset hub.
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
JPEX Crypto Exchange Probe Sees 4 More Arrests: SCMP
Hong Kong and Macau authorities say they’ve detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18.
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.
HashKey Capital’s $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters
Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.