Blockchain/Bitcoin
HashKey Exchange and Animoca Brands Forge Partnership to Boost Web3 Ecosystem
HashKey Exchange, a virtual asset exchange based in Hong Kong, and Animoca Brands, a firm specialising in digital property rights for gaming and the metaverse, have entered a strategic partnership, formalised through a Memorandum of Understanding (MoU). This collaboration seeks
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Financial Partners Invests US$40M in Grayscale and Fidelity’s Bitcoin ETFs
Financial Partners, a financial services group, has disclosed an investment of US$40 million into spot Bitcoin Exchange Traded Funds (ETFs) offered by Grayscale and Fidelity. This step is part of the company’s broader strategy to integrate advanced technology, including artificial
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HashKey Group Hits Unicorn Status in Latest US$100 Million Series A Round
HashKey Group, which runs one of the two licensed cryptocurrency exchanges in Hong Kong, has successfully closed its Series A funding round, securing nearly US$100 million. According to the company, the Group’s pre-money valuation is over US$1.2 billion (HK$9.38 billion).
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OSL Group Appoints Patrick Pan as CEO to Spearhead Global Expansion
OSL Group a SFC-licensed digital asset platform, announces the appointment of Patrick Pan as CEO, spearheading its global expansion strategy for 2024 in the digital assets sector. The group said that this initiative marks a significant move to enhance OSL’s
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Stablecoin Regulation in Hong Kong: Everything You Need to Know
As digital finance continues to evolve; regulatory frameworks struggle to keep pace with the rapid advancements and inherent risks. In response to the emerging risks in the fast-evolving virtual asset (VA) sector, highlighted by events like the TerraUSD collapse, authorities
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Hong Kong Proposes New Licensing Regime for Stablecoin Issuers
The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have issued a consultation paper proposing a regulatory regime for stablecoin issuers in Hong Kong. This announcement invites feedback from the public and stakeholders, signalling
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Hong Kong Pins LonShiX and Bitbank on Alert List for Suspected Virtual Asset Fraud
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning about two entities, LonShiX and Bitbank (Global) Financial Holding Group, for suspected virtual asset-related fraud. The SFC has identified LonShiX as claiming a fake Hong Kong
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Bank of China (Hong Kong) Completes First 24 Million Yuan e-CNY Transaction
Bank of China (Hong Kong) (BOCHK) completed an inaugural cross-border transaction using the electronic Chinese Yuan (e-CNY) for a bulk commodity purchase valued at 24 million yuan (approximately HK$26.16 million). The transaction was a joint effort with the Bank of
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China to Introduce Blockchain-Based Identity Verification
China is advancing its use of blockchain technology for identity verification, targeting its vast population of 1.4 billion, according to an announcement at a Beijing conference held yesterday. The initiative, known as the Real-Name DID (RealDID) service, is a joint
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JCB, IDEMIA, and Soft Space Advance to Phase 2 in Offline Digital Currency Project
Japanese international payments firm JCB along with French identity technologies company IDEMIA and Malaysian fintech Soft Space will be embarking on the second phase of their “JCB Digital Currency” (JCBDC) pilot project in early 2024. This initiative aims to experiment
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