Blockchain/Bitcoin
SFC to Beef Up List of Suspicious Crypto Exchanges After JPEX Fiasco
Hong Kong’s Securities and Futures Commission (SFC) will publish the names of virtual asset trading platform’s (VATP) that have applied for a license in the wake of the JPEX fiasco. The regulator will enhance and issue a dedicated list of
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HK Government, Central Bank Look to Issue More Tokenized Bonds
Building on their experience from Project Evergreen, the Hong Kong Monetary Authority (HKMA) and the government are planning to work with the financial industry to conduct further tokenized bond issuances, a new report by the HKMA reveals. The government and
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JPEX’s Ongoing Saga: Deregistration, Telecom Blocks, and Regulatory Disputes
Beleaguered crypto exchange JPEX has allegedly applied for deregistration with the Australian Securities and Investment Commission, according to Cointelegraph. JPEX stated that all company members agree with the move, the company is no longer operating, its assets are less than
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Over 1,600 Investors Lost HK$1.2 Billion in JPEX Crypto Exchange Scam
More than 1,600 investors have fallen victim to crypto exchange JPEX‘s scam in Hong Kong, with losses totaling HK$1.2 billion (US$154 million), according to the South China Morning Post. One investor suffered a loss of HK$40 million (US$5.1 million), the
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JPEX Crypto Exchange Accuses SFC of Unfair Treatment as Police Arrest Six
Six people have been arrested in Hong Kong as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX. According to the South China Morning Post, this scandal could cost investors up to HK$1 billion (US$ 127.7 million)
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Hong Kong’s SFC Warns Investors Against Unregulated Crypto Exchange JPEX
Hong Kong’s Securities and Futures Commission (SFC) has warned investors against using the unregulated cryptocurrency exchange JPEX. The statement stressed that no entity in the JPEX group is licensed by the SFC or has applied for a license to operate
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Beware of Crypto Firms Using the Word ‘Bank’, HKMA Cautions
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public to be wary of crypto firms that describe themselves as “banks” or offer “deposits.” The central bank found that some crypto firms are using terms such as
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BIS, Hong Kong and Israel Release Report on Secure Retail CBDCs
The Hong Kong and Israel central banks along with the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre have published a report on building a more secure and accessible retail central bank digital currency (CBDC) ecosystem. Dubbed as
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SEBA Hong Kong Gets In-Principle Nod for Crypto Services
Crypto bank SEBA announced that its Hong Kong subsidiary has secured the in-principle approval from the Securities and Futures Commission (SFC). The approval includes dealing in securities, such as virtual asset-related products, advising on securities and virtual assets, and conducting
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HashKey Exchange Has Gone Live With Crypto Trading Platform
HashKey Exchange, one of Hong Kong’s licensed retail virtual asset exchange, announced that it has officially gone live on 28 August (Monday). HashKey received the approval in February from the Securities and Futures Commission (SFC). The exchange offers USD/HKD fiat
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