Hong Kong - Tag Archives - Cryptonews (Page 6)

Hong Kong Accepts Bitcoin, Ether as Proof of Wealth for Investment Visas

Hong Kong has officially recognized cryptocurrencies as valid proof of assets for investment immigration applications under the New Capital Investment Entrant Scheme (New CIES), allowing applicants to meet the HK$30 million requirement with crypto holdings.

, by Veronika Rinecker

Crypto-friendly ZA Bank Considers Physical Branches in Hong Kong

ZA Bank, the largest digital bank in Hong Kong and a trailblazer in crypto-friendly financial services, is reportedly exploring establishing physical branches. According to a South China Morning Post report, the Hong Kong Monetary Authority (HKMA) has permitted digital banks to operate limited...

, by Hassan Shittu

Hong Kong Launches Initiative to Accelerate Blockchain Adoption in Banking

The HKMA has unveiled the "Supervisory Incubator for Distributed Ledger Technology" to help banks adopt blockchain-based solutions.

, by Ruholamin Haqshanas

China’s Central Bank Highlights Hong Kong’s Crypto Licensing in 2024 Report

The People's Bank of China (PBOC) has released its "China Financial Stability Report (2024)," shedding light on the country's financial stability measures and economic progress over the past year. A significant portion of the report is dedicated to global crypto regulations, with a notable...

, by Hassan Shittu

Hong Kong Legislator Proposes Adding Bitcoin to National Reserves for Financial Security

Hong Kong legislator Wu Jiexhuang has proposed leveraging the city’s “one country, two systems” framework to include Bitcoin in its national reserves.

, by Ruholamin Haqshanas

Singapore Approved 13 Crypto Licenses This Year, While Hong Kong Lags Behind: Report

Singapore and Hong Kong have tried to attract crypto businesses this year; however, Singapore has led by approving 13 crypto licenses. According to a Bloomberg report, Singapore onboarded top crypto firms, including OKX, Upbit, and Anchorage, to its shores in 2024. The crypto license approval...

, by Sujha Sundararajan

Hong Kong SFC Approves Four New Virtual Asset Providers, Expanding Licensed VATPs

The Hong Kong Securities and Futures Commission (SFC) has officially approved four new virtual asset trading platform (VATP) providers, significantly expanding the region’s regulatory framework for virtual assets. The newly approved entities—Hong Kong Digital Asset EX Limited (HKbitEX),...

, by Hassan Shittu

Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax Evasion

Hong Kong has announced its commitment to implementing the Crypto-Asset Reporting Framework (CARF), an initiative to enhance international tax transparency and combat cross-border tax evasion. This announcement, made at the OECD Global Forum on Transparency and Effective Exchange of Information...

, by Hassan Shittu

Hong Kong’s OSL Adds Toncoin to OTC Trading Amid Rising Institutional Demand

The decision to make Toncoin, the native token of The Open Network (TON), accessible to Hong Kong investors came due to increasing customer demand.

, by Hassan Shittu

Hong Kong to Expedite Licensing for Crypto Trading Platforms

Hong Kong has unveiled plans to fast-track crypto licensing for trading platforms, aiming to strengthen its position as a leading global cryptocurrency hub.

, by Jimmy Aki

Hong Kong Monetary Authority Offers Subsidies for Tokenized Bond Issuance

The Hong Kong Monetary Authority (HKMA) has introduced a subsidy program aimed at encouraging the issuance of tokenized bonds.

, by Ruholamin Haqshanas

Hong Kong Aims to Exempt Hedge Funds and Super-Rich from Crypto Tax

Hong Kong is looking to strengthen its position as a top offshore finance hub by offering tax exemptions to private equity funds, hedge funds and ultra-wealthy investors. The exemptions cover profits from cryptocurrencies, private credit and other assets. The Financial Times reported on...

, by Shalini Nagarajan

ZA Bank Becomes First Asian Bank to Offer Retail Crypto Trading Services

Hong Kong’s ZA Bank has announced entry into crypto trading, becoming the first bank in Asia to offer retail users access to digital assets.

, by Ruholamin Haqshanas

Hong Kong Cyberport Grows to 270 Web3 Enterprises

With 270+ Web3 enterprises onboard, Hong Kong’s Cyberport reinforces its role as a key player in blockchain development.

, by Jimmy Aki

Hong Kong Warns Crypto Firms Against Misusing ‘Bank’ Label

The Hong Kong Monetary Authority (HKMA) issued a warning to crypto firms on November 15, cautioning against the misuse of the term “bank” in their marketing and operations within Hong Kong. The warning follows reports that two overseas-based crypto companies engaged in activities that falsely...

, by Hassan Shittu

Hong Kong Crypto Broker Victory to Launch Virtual Asset Structured Products by Year’s Close

Hong Kong-based crypto broker Victory Securities said Monday that it plans to launch structured products for professional investors by the end of the year. It also aims to provide specialized products that let clients earn extra yield on stablecoins. The broker announced it secured regulatory...

, by Shalini Nagarajan

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