Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.
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Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent.
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The Hong Kong Virtual Asset Consortium was established on May 31 to create indices and rating services for cryptocurrencies.
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Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region.
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Neil Tan, Chair of the FinTech Association of Hong Kong, said the opening of the financial industry to digital assets was “just a natural progression.”
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Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
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While China has cracked down on cryptocurrencies in the mainland, it’s apparently taking a softer approach to Hong Kong’s crypto hub aspirations.
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Right now, thousands of citizens from Hong Kong are protesting certain leaders and opposing a proposed extradition law. Alongside the protests, the country’s political issues are reportedly pushing wealthy Hong Kong residents to move their capital offshore. Since last week, the price of bitcoin core (BTC) has gained a premium in Hong Kong as the […]
The post Bitcoin Trades for a Premium in Hong Kong During Protests appeared first on Bitcoin News.
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In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […]
The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News.
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With bitcoin again dominating headlines, a flood of new money has recently entered the cryptocurrency markets – including from emerging crypto markets such as Hong Kong. Local media outlets are reporting, however, that many new investors may be ill-prepared for the risks associated with cryptocurrency. Also Read: Japanese Investors Increasingly Switching From Traditional FX Trading to […]
The post Hong Kong Investors Rush to Enter the Bitcoin Markets appeared first on Bitcoin News.
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