Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […]
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Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.
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Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen […]
The post XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed appeared first on Bitcoin News.
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Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin. Hong Kong Gives Out First Crypto License Hong Kong’s Securities and Futures Commission (SFC) has licensed the first […]
The post Hong Kong Grants First License to Cryptocurrency Trading Platform appeared first on Bitcoin News.
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Digital asset platforms have proven to be of great interest to financial service providers. Even Fidelity International is getting in on the action. The investment management firm has acquired a relatively big stake in OSL. Fidelity International Makes its Move That latter company is a major digital asset platform in Asia, primarily catering to professional investors. It is believed that a total sum of just over $14 million is involved in this transaction. In exchange for the money, Fidelity International will receive 17 million shares of BC Technology Group Ltd. Despite the large sum involved, Fidelity will acquire 5.6% of
The post Fidelity International Acquires a Stake in a Major Asian Crypto Exchange appeared first on The Merkle Hash.
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