Tag "Securities and Futures Commission (SFC)"
Hong Kong Mulls Allowing Retail Investors to Trade Crypto
Hong Kong’s Securities and Futures Commission (SFC) has released its consultation paper on proposed regulatory requirements for Virtual Asset Service Providers (VASPs) before the new licensing regime takes effect on June 2023. Under the new licensing regime, all centralised virtual
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Hong Kong’s SFC Appoints Julia Leung as New CEO
Hong Kong’s Securities and Futures Commission (SFC) has announced the appointment of Julia Leung as its Chief Executive Officer for a three-year term, effective 1 January 2023. She is currently the Deputy Chief Executive Officer since 2018 and an Executive
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Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub
Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as a global hub for digital assets. As the global landscape of digital assets evolves, Hong Kong is taking steps to
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Hong Kong to Consider Virtual Asset Property Rights, Establish VASP Regulations
Hong Kong’s Financial Services and Treasury Bureau published a policy statement on the development of virtual assets in conjunction with the start of Hong Kong Fintech Week (HKFTW) 2022. The statement recognised the potential of virtual assets and affirmed the
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HashKey Capital Limited Gets SFC Approval to Manage 100% Virtual Asset Portfolio
HashKey Group’s crypto fund HashKey Capital Limited has been granted an uplift of its Type 9 asset management license by the Securities and Futures Commission (SFC) of Hong Kong to manage funds exclusively investing in virtual assets. With this, the
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SFC Cautions Hong Kongers Looking To Invest in NFTs
The Securities and Futures Commission (SFC) of Hong Kong cautions investors of the risks associated with investing in non-fungible tokens (NFTs), which have increased in popularity in recent years. According to a statement by the SFC, NFTs are exposed to
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OSL Receives Green Light From Hong Kong Regulator for Crypto Trading Platform
OSL, a digital asset platform and member of BC Technology Group, has received the license from Hong Kong’s Securities and Futures Commission (SFC) to operate regulated brokerage and automated trading services for digital assets following a rigorous vetting process. They
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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda
Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity crowdfunding license to AngelHub. As someone who is actively keeping track of the scene, I received this news with much
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HK$500K Fine or 5 Years Prison Time for Fradulent Crypto-Trading, Said HK Regulator
James Lau, Secretary for Financial Services and the Treasury Bureau (FSTB) in a letter to the President said that misleading cryptocurrency activity is subject to a HK$500,000 fine or five years prison time. The following actions by virtual currency traders are
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SFC and Swiss FINMA sign Fintech Cooperation Agreement
The Securities and Futures Commission (SFC) entered into an agreement with the Swiss Financial Market Supervisory Authority (FINMA) to establish a framework for cooperation on financial technology (Fintech) (Note 1). Under the agreement, the SFC and FINMA will cooperate to
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