Posts From Fintech News Hong Kong
HKVAX Gets In-Principle Approval for Crypto Services in Hong Kong
The Securities and Futures Commission (SFC) has issued an in-principle approval to the Hong Kong Virtual Asset Exchange (HKVAX). This makes it the third licensed virtual asset operator in Hong Kong after OSL and HashKey Exchange. HKVAX said that once
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Hong Kong Calls Out Crypto Firms Misleading Investors With False License Claims
Hong Kong’s Securities and Futures Commission (SFC) has warned unlicensed virtual asset trading platforms (VATPs) against engaging in improper practices or they may face legal and regulatory consequences. The regulator found that some unlicensed VATPs claim to have submitted license
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OSL and HashKey Exchange Licensed to Offer Services to Retail Investors
Hong Kong-based digital asset firms OSL and HashKey Exchange have received approval from the Securities and Futures Commission (SFC) to offer their services to retail investors. These two entities are the first to receive the approval since the SFC announced
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Top 5 Funded Fintech Companies in Hong Kong in 2023
With an advantageous geographical location, robust financial sector, and an innovative, conducive regulatory environment, Hong Kong has become a vibrant epicenter of fintech activity. Despite its size, the city has managed to create a dynamic ecosystem that encourages startups to
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Digitalisation of Financial Services in Hong Kong Comes at a Cost
In Hong Kong, the digitalisation of financial services has expanded financial inclusion through the increasing usage of digital channels and innovations, open banking, as well as advancements in data collection and analytics. But despite the positive outcomes, digitalisation may also
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Binance Japan Kicks off With 34 Tokens for Spot Trading
Cryptocurrency exchange Binance announced that its customers in Japan will now have access to 34 tokens for spot trading. Binance claims that this is the largest number of tokens offered by any digital currency exchange in the country. In December
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StanChart, Ant Group Deepen Partnership to Drive Green and Inclusive Finance
Standard Chartered and Ant Group will be deepening their partnership to drive green and inclusive finance, global fund management and sustainable development. Under the expanded cooperation framework, Standard Chartered will support Ant Group to build its global liquidity and foreign
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Animoca Brands to Invest US$30 Million in Web3.0 Super App hi
Metaverse ecosystem builder Animoca Brands will invest US$30 million in Web3.0 financial super app and ecosystem hi as part of its partnership to expand the utility of fungible tokens and NFTs within the Web3 space. Animoca said in a statement
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Ant Group Names Peng Yang as New President of International Business Group
Chinese fintech giant Ant Group has appointed its Peng Yang as the President of the company’s International Business Group (IBG). He succeeds Angel Zhao who is stepping down for personal reasons. Since the beginning of 2023, Ant’s IBG has seen
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Identity Verification Firm Sumsub to Establish APAC HQ in Singapore
Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong Kong among other countries in the region. Sumsub said that this move
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