Blockchain/Bitcoin
RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration
RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial payment company Allinpay International. This partnership is focused on exploring the integration of stablecoins into payment services, aiming to enhance
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Hong Kong Sets 29 February Licensing Deadline for VASPs
The Secretary for Financial Services and the Treasury, Christopher Hui, emphasised in a recent blog post the crucial deadline for unlicensed Virtual Asset Service Providers (VASPs) in Hong Kong to submit their licensing applications by 29 February. Hong Kong’s risk-based
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Bybit Among 14 Firms Aiming for Crypto License in Hong Kong
Bybit has applied to the Hong Kong Securities and Futures Commission (SFC) to operate as a “virtual asset trading platform,” according to a statement from the company. The website of the Hong Kong Securities and Futures Commission indicates that Bybit,
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Digital Custodian Hex Trust Broadens Scope with XRPL Integration
Hex Trust, an institutional-grade digital asset custodian, has announced its integration with the XRP Ledger (XRPL), a decentralised Layer 1 blockchain. According to the company, this development allows its principal custody platform, Hex Safe, to incorporate support for XRPL’s native
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Hang Seng Bank Investigates Significance of Programmability in e-HKD CBDC Adoption
Programmability is a crucial feature for future payment innovation, an attribute which should be integrated into the e-HKD scheme should the central bank digital currency (CBDC) be issued, a new report by Hang Seng Bank and global management consulting firm
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Blockchain Platform Neo Establishes Hong Kong Office
Neo, the open-source, community-driven blockchain platform, has officially opened its new Hong Kong office. The office is in Cyberport, Hong Kong’s digital tech and Web3 hub. By establishing a presence in Hong Kong, Neo aims to expand its reach in
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Floki Defends Staking Program Amid SFC’s Warning
Floki, a cryptocurrency project, acknowledged that its staking program was labelled as potentially suspicious by Hong Kong’s Securities and Futures Commission (SFC) on 26 January. Floki regretted this classification and noted its ongoing efforts since December 2023 to address regulatory
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Hong Kong to Engage Industry Players in Stablecoin Regulation Study
Hong Kong is reportedly making significant strides towards comprehensive stablecoin regulation, with plans to implement rules within the current quarter. Bloomberg and other sources suggest that key financial entities, including Harvest Global Investments Ltd., RD Technologies, and Venture Smart Financial
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Floki Staking and TokenFi Staking Added to SFC’s Alert List Over Risk Concerns
The Securities and Futures Commission (SFC) issued a public warning about two cryptocurrency investment schemes, named “Floki Staking Program” and “TokenFi Staking Program.” These programs claim to offer annualised returns ranging from 30 percent to over 100 percent. The SFC
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Tiger Brokers (HK) Integrates Crypto Trading, Eyeing Retail Market Expansion
Tiger Brokers (HK) Global Limited announced the upgrade of its Type 1 licence to include virtual asset dealing services. This development reportedly positions Tiger Brokers (HK) amongst the first mainstream online brokerages in Hong Kong to integrate such services. The
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