News about HONG KONG

News about Hong Kong

Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platform

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Crypto Firms In Hong Kong Prohibited From Identifying As ‘Banks,’ Regulator Says

Crypto firms in Hong Kong have received a stern warning from the Hong Kong Monetary Authority (HKMA), urging them to refrain from using the term “bank” in their operations unless they hold the status of an authorized institution. The reg...

Arrest of Hong Kong influencer Joseph Lam shows celebrity crypto crackdown is going global

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Crypto Influencer Promoting JPEX Exchange Arrested In Hong Kong

Former lawyer and crypto influencer Joseph Lam has been apprehended by the Hong Kong Police for allegedly associating with troubled cryptocurrency exchange JPEX. A local media outlet reported, citing sources familiar with the case, that the police ar...

Crypto influencer arrested in Hong Kong for JPEX association

Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username “jolamchok” on Instagram, for his association with crypto exchange JPEX....

Hong Kong influencer Joseph Lam arrested amid JPEX cryptocurrency probe

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Hong Kong's Friendly Crypto Policies 'Very Stable,' Legislator Assures Vitalik Buterin

A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hon...

Hong Kong crypto exchange JPEX suspends trading amid SFC probe

The probe into JPEX has resulted in the arrest of one person. The JPEX exchange has allegedly been operating in the country without a license. JPEX’s native token, JPC, has experienced a 21.98% decline in value over the past 24 hours following...

Hong Kong central bank warns against crypto firms using banking terms

The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. The Hong Kong Monetary Authority (HKMA) has i...

Hong Kong warns crypto firms against referring to themselves as “banks”

Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto bank and crypto asset bank contravenes...

JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning

Community members shared reports that the crypto exchange’s staff abandoned their booth at Token 2049 in Singapore after the warning. Crypto exchange JPEX has reported...

Vitalik Buterin invited to visit Hong Kong after raising concerns over its crypto-friendliness

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Hong Kong politician responds to Vitalik's comments about crypto-friendliness

Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness....

Hong Kong retains top crypto-ready position for two consecutive years

While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from...

Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. The Bank for International...

Hong Kong and Israel Central Banks Collaborate on Retail CBDC Prototype

The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have collaborated on a report titled "Project Sela – An accessible and secure retail CBDC ecosystem". The project aims to create a retail central bank digital currency framework tha...

OKX’s Global Footprint Expands: Nears VASP License in Hong Kong

The cryptocurrency exchange, OKX is at the final stretch of its virtual asset service provider (VASP) license in Hong Kong. The exchange is expected to receive approval by March 2023. Hong Kong adopted a pro-crypto stance in 2023 but has since been c...

OKX crypto exchange enters final stage of Hong Kong VASP license application

Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. OKX cryptocurrency exchange...

OKX crypto exchange enters final preparation stage of Hong Kong VASP license application

Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. OKX cryptocurrency exchange...

Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong

Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto asse...

SEBA Hong Kong Gains Preliminary Approval for Crypto-Related Services

SEBA Hong Kong, a subsidiary of Swiss-based SEBA Bank AG, has been granted an "Approval-in-Principle" by Hong Kong's Securities and Futures Commission, enabling it to offer crypto-related investment services. (Read More)

SEBA Bank Secures License To Facilitate Crypto Trading Services In Hong Kong

SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows t...

Hong Kong’s first licensed retail crypto exchange HashKey eyes 2024 bull run

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HashKey, OSL, first exchanges to offer retail crypto services in Hong Kong

HashKey and OSL now serve retail cryptocurrency users in Hong Kong after receiving license uplifts from local regulators. Hong Kong retail cryptocurrency traders are s...

SEBA Cements Position in Hong Kong, Gains In-Principal Crypto License

SEBA Hong Kong, a Swiss-based crypto-friendly bank, has received an Approval-in-Principal (AIP) from Hong Kong’s Securities and Futures Commission. The company is set to become the first group of licensed corporations in the Special Administrative Re...

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