Tag "Securities and Futures Commission of Hong Kong (SFC)"

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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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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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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Hong Kong’s SFC to Boost Fintech Ecosystem in Latest Strategic Priorities

The Securities and Futures Commission (SFC) of Hong Kong released its Strategic Priorities for 2024 to 2026. It outlines a comprehensive strategy to advance Hong Kong’s securities markets while addressing evolving risks and protecting investors in a shifting capital market

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Hong Kong Boosts Sustainable Finance with IFRS Adoption and Technology Upgrades

Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) announced key initiatives to strengthen the region’s position in sustainable finance. The group welcomed the Accounting and Financial Reporting Council as a new member and outlined three major initiatives

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Hong Kong’s SFC Issues Fraud Warnings for HongKongDAO and BitCuped

The Securities and Futures Commission (SFC) has warned the public about suspected virtual asset-related frauds involving Hong Kong Digital Research Institute, also known as HongKongDAO, and BitCuped. The SFC has requested the Hong Kong Police Force block access to both

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HKMA’s Fintech Roadmap Propels Hong Kong Towards Future Financial Innovation

In recent years, the fintech landscape in Hong Kong has emerged as a transformative force, driving the evolution of the global financial services industry. Its impact extends beyond convenience, as fintech solutions have empowered financial institutions to expand their product

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Key Highlights: How Hong Kong’s New Budget Pushes for Digital Innovation

Hong Kong’s economy faced significant challenges in 2022 due to adverse external conditions. The global economy was affected by rising energy and commodity prices and high inflation levels, adversely affecting advanced economies. The Special Administrative Region, which is one of

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HashKey Group Granted Full Licences to Operate Virtual Asset Trading Platform in Hong Kong

Hash Blockchain Limited (HBL) has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a virtual asset trading platform in the territory. The HashKey Group member will operate under a Type 1 securities licence and

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What Hong Kong’s Regulator Has to Say About Their New Cryptocurrency Regulation

When you bring up blockchain with enthusiasts nowadays, the tone of conversations usually involves them making excuses for cryptocurrency, and a plea to not let that stain your impression of the underlying blockchain technology. This is a marked shift in

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