Posts From Fintech News Hong Kong

Burgopak Bags Award For its MCO Visa Card Design

London-based design company Burgopak has just been awarded for their excellence in industry challenging packaging design at the 2019 ICMA Élan Awards in Orlando, Florida—an award to cast a spotlight on the best of the best in the global transaction

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China’s Top 10 Fintech Startups and Companies

China continues to be the world’s undisputed fintech leader, with about 600 deals completed in 2018 and a fintech adoption rate of 69%, the highest in the world, according to EY’s 2017 Financial Technology Adoption Index. Out of the world’s

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China’s TechCrunch Equivalent Eyes US IPO

36Kr, a Chinese company operating a media platform covering startups and technology in China, is planning an initial public offering (IPO) in the US as soon as this year and is targeting to raise at least US$100 million, people with

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Even This Fintech Unicorn Thinks Hong Kong’s Virtual Banking License is Too Restrictive

The virtual banking race is on for different regions across the globe, and the Hong Kong Monetary Authority (HKMA) has put its hat in that race with the virtual banking license, as part of a larger plan to turn Hong

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3 Ways Crypto.com Is Trying To Make Cryptocurrency Mainstream

Despite its meteoric rise in popularity, cryptocurrency has yet to gain global mainstream adoption. Crypto.com, a Hong Kong-based startup, is attempting to change that and it is doing so through three of its key products. Multi-currency Wallet and Pre-paid Visa

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HK$500K Fine or 5 Years Prison Time for Fradulent Crypto-Trading, Said HK Regulator

James Lau, Secretary for Financial Services and the Treasury Bureau (FSTB) in a letter to the President said that misleading cryptocurrency activity is subject to a HK$500,000 fine or five years prison time. The following actions by virtual currency traders are

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InvestHK Teases a Bigger and Better Hong Kong Fintech Week 2019

InvestHK recently dropped hints that we should be expecting a significant expansion of the annual Hong Kong Fintech Week. Anticipating to pull in a larger audience than last year’s 8,000 attendees, the agency stated they needed to host the event

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Neat Snubs Virtual Banking License and Picks Up The Money Lender License Instead

The fintech startup Neat, a digital banking alternative, has been granted a Money Lender’s License in Hong Kong, which marks their first step in their pursuit of global financial regulation. The move also marks Neat’s full turn away from virtual

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How Does Hong Kong’s Digital Lending Scene Compare to The Disaster in China

P2P lending and digital lending has been on the rise lately, with many countries moving to regulate the space. Conventional digital lending has been met with far less controversy than its counterpart P2P lending. While P2P lending has been created

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Hong Kong’s Securities Watchdog Says Its Illegal to Issue STO Without Approval

The Securities and Futures Commission of Hong Kong(SFC) issued a statement today on the Security Token Offerings (STO) regulations in Hong Kong. STOs typically involve the us Security Tokens which are digital representations of ownership of assets (eg, gold or

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