Hong Kong – Page 27

Restricting crypto trading to millionaires good for Hong Kong, says official

Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city.

Hong Kong regulators set to ban retail Bitcoin trading

Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature.

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Hong Kong to expand pilots for cross-border use of digital yuan

The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said.

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Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH

The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin. Meitu Stacks Another 175 Bitcoin, $100 Million in […]

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Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation

Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action.

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Coinbase handled trades and custody for Meitu’s $90M crypto investment

Meitu CFO Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company.

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Asia’s MicroStrategy: Meitu drops another $50M on ETH and BTC

Chinese tech company Meitu has dropped another $50 million on ETh and BTC, taking its total holdings up to $90 million.

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The number of Bitcoin ATMs in the US rose 177% over the past year

Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.

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Huobi secures crypto asset management license in Hong Kong

A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong.

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Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem […]

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