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Two technicians in Hong Kong were arrested for allegedly stealing electricity from care homes for the disabled to run a covert cryptocurrency mining operation. Suspicious Activity Leads to Discovery Two technicians in Hong Kong have been arrested for allegedly stealing electricity from care homes for the disabled to power a covert bitcoin mining operation. The … Read more
QMMM Holdings, a Hong Kong-based digital media firm, saw its stock soar by 1,730% after announcing plans to launch a $100 million cryptocurrency treasury. QMMM’s Foray Into Web3 and AI On Sept. 10, shares of Hong Kong-based digital media advertising firm QMMM Holdings skyrocketed by an astonishing 1,730% following the company’s announcement of plans to … Read more
Hong Kong’s financial regulator has received expressions of interest from at least 77 institutions seeking a limited number of initial stablecoin licenses, as major global and regional banks move to secure market position. Industrial and Commercial Bank of China (ICBC) and its Hong Kong arm, ICBC (Asia), reportedly notified the regulator of their intent, joining … Read more
Hashkey aims to launch Asia’s largest digital asset treasury fund, unlocking a new era of institutional finance converging with crypto through a perpetual, multi-currency ecosystem. Hashkey Aims to Bridge Finance and Crypto With Digital Asset Treasury Fund Hashkey Group, a digital asset financial services firm based in Hong Kong, announced on Sept. 8 that it … Read more
Huajian Medical (Hong Kong: 1931), a Chinese medical diagnostics provider, has reportedly launched its “Global Enhanced Ethereum Treasury with Downward Protection Mechanism” strategy, aiming to position ETH as its core reserve asset. This initiative seeks to establish the company as a leader in the Hong Kong stock market and on a global scale in terms … Read more
Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a Hong Kong-based joint venture applying for a stablecoin issuer license under the city’s new regulatory regime. Anchorpoint Joint Venture Targets Licensed Stablecoin Issuance in Hong Kong Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have formed Anchorpoint Financial … Read more
The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearing … Read more
Eddie Yue, CEO of the Hong Kong Monetary Authority (HKMA), addressed the need for a cautious approach to the development of stablecoins in Hong Kong, emphasizing the importance of avoiding excessive hype surrounding these emerging financial instruments. In his remarks, Yue highlighted concerns about the gap between theoretical discussions and practical applications, noting that many … Read more
China Merchants Bank’s CMB International Securities has reportedly become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission. This approval enables CMBI to legally offer cryptocurrency trading, custodial support, and digital asset advisory services within Hong Kong’s tightly regulated framework. Authorities reaffirmed their commitment to becoming … Read more
Hong Kong’s Securities and Futures Commission (SFC) is set to introduce virtual asset derivatives trading for professional investors, aiming to enhance product offerings while ensuring robust risk management. This initiative is part of the city’s strategy to strengthen its position in the global digital asset market, according to Christopher Hui Ching-yu, secretary for financial services … Read more
