Posts From Fintech News Hong Kong

Binance Bags First License in East Asia Through Acquisition of Japan’s Sakura

Cryptocurrency exchange Binance announced it has acquired 100% of Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange service provider. Terms of the transaction was not disclosed. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency

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Swiss Crypto Bank SEBA Expands Its Footprint to Hong Kong

Switzerland’s crypto bank SEBA announced that it has officially opened its Hong Kong office and appointed Ludovic Shum as Managing Director to lead the team. The bank said in a statement that it has a strong conviction for Hong Kong

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Hong Kong Officially Launches Its Credit Reference Platform

Hong Kong’s Credit Reference Platform (CRP) has completed system testing and officially commenced operation on 28th November 2022. CRP’s launch was announced by the Hong Kong Association of Banks (HKAB), Hong Kong Association of Restricted License Banks and Deposit-taking Companies

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Fusion Bank Secures License From SFC to Expand Into Wealth Management

Fusion Bank announced that it has been granted licensing from the Hong Kong Securities and Futures Commission (SFC) to offer digital wealth advisory services. The bank secured Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, allowing

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LINE’s Crypto Exchange BITFRONT Shutters Operations, to Suspend Trading End of 2022

Japanese social-media company LINE will shut down its US-based crypto exchange BITFRONT claiming that its decision has nothing to do with “certain exchanges that have been accused of misconduct”. BITFRONT seemed to be referring to the now-bankrupt crypto exchange FTX

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Hex Trust Gets MVP License to Offer Virtual Asset Custodial Services in Dubai

Hex Trust, a digital asset custodian licensed in Hong Kong and Singapore, has received a Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The MVP license allows Hex Trust to provide a range of virtual asset

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ZA Bank Partners Wise to Enable Hongkongers to Make Remittances to 14 Currencies

Virtual bank ZA has partnered with online money transfer service Wise to offer low-cost and quick international money transfers to Hongkongers. ZA Bank users will soon be able to make international money transfers from HKD to 14 currencies, including AUD,

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Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users

Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global network to send international payments to Weixin users. Weixin, with its international version known as WeChat, facilitates one of China’s

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Here’s How Okta Helped Singlife with Aviva Deliver a Seamless Login Experience

Singlife with Aviva was formed through the merger of Singlife and Aviva Singapore, bringing together one of the world’s oldest insurers with Singapore’s youngest homegrown financial services company. While the merger was officially completed in January 2022, it also presented

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Hong Kong Fintech Week 2022 Draws Millions of Views

Hong Kong FinTech Week (HKFW) 2022 concluded on November 4, wrapping up a landmark five-day event for Hong Kong fintech amid an eventful week for the city as it steps back on the world stage. The entire week attracted a

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