Hong Kong Virtual Assets Consortium launched with Huobi as first member
The new consortium will provide ratings of digital asset trading platforms and cryptocurrency market indexes when it becomes operational. Go to Source Powered by WPeMatico
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AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to identify and verify the identities of all customers. Go to Source Powered by WPeMatico
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region. Go to Source Powered by WPeMatico
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. Go to Source Powered by WPeMatico
Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Go to Source Powered by WPeMatico
Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China. Go to Source Powered by WPeMatico
Gate Group launches new virtual asset trading platform in Hong Kong
As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities. Go to Source Powered by WPeMatico
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines. Go to Source Powered by WPeMatico
Hong Kong to open crypto exchange access for retail users, but there’s a catch
Hong Kong’s securities watchdog announced new plans to allow retail investor access to virtual assets platform. Go to Source Powered by WPeMatico
Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform
The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product. Go to Source Powered by WPeMatico