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. Go to Source Powered by WPeMatico
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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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more