Blockchain/Bitcoin
Hong Kong Adopts ChatGPT Founder’s Worldcoin Amid Controversy
In 2021, the world was introduced to Worldcoin, a cryptocurrency project created by Sam Altman, the creator of ChatGPT. Worldcoin’s unique selling proposition lies in its vision to employ iris scans to distinguish real human users from robots in the
Read More
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
Read More
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
Read More
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
Read More
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
Read More
Animoca Brands to Invest US$30 Million in Web3.0 Super App hi
Metaverse ecosystem builder Animoca Brands will invest US$30 million in Web3.0 financial super app and ecosystem hi as part of its partnership to expand the utility of fungible tokens and NFTs within the Web3 space. Animoca said in a statement
Read More
Demand for Digital Asset Custody On Rise from Asia’s Institutional Investors
In Hong Kong, the digital asset sector continues to experience rapid development and innovation, driven by the government’s supportive stance in fostering the growth of the sector. This has opened up new opportunities for institutional investors that extend beyond he
Read More
HK Leads The Way as Sustainable Financing Hub with US$ 10B Green Bonds Issued
The latest edition of the Hong Kong Green and Sustainable Debt Market Briefing reveals a significant surge in labeled green bonds arranged in Hong Kong in 2022, despite an overall decrease in the volume of green, social, sustainability, sustainability linked,
Read More
HKMA Steps Up Pressure for Banks to Accept Crypto Companies as Clients
Hong Kong’s financial regulators will be holding a second meeting with stakeholders from the banking and cryptocurrency industries to address the challenges crypto companies face in accessing banking services in the city, people familiar with the matter told Bloomberg on
Read More
Hong Kong Sets up Web 3.0 Task Force Led by Financial Secretary Paul Chan
The Hong Kong government has established a task force chaired by Financial Secretary Paul Chan to promote the development of Web3.0. According to a 30 June statement, the Hong Kong government is looking to “embrace the megatrend of Web 3.0
Read More