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” Hong Kong securities regulator adds crypto personnel for industry supervision “ Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities…
” Hong Kong will not tolerate algorithmic stablecoins in new regulation “ In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times….
” Hong-Kong investment fund raises $500M to push mass adoption in Web3 “ Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space. On Jan. 17, the Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for…
” Hong Kong wants to become crypto hub despite industry crisis “ The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse. According to Hong Kong’s financial secretary Paul Chan, the local government and regulators are open to collaboration with crypto and…
” Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi “ Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member of the Legislative Council of the Hong…
” 2 executives of crypto exchange AAX arrested in Hong Kong: Report “ Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. Weigao Capital CEO Liang Haoming and former AAX CEO Thor Chan were arrested on Dec. 23. Local authorities accused…
” HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years “ A start-up accelerator co-founded by Hong Kong legislative council member Jonny Ng Kit-Chong wants to attract 1,000 Web3 businesses to set up shop in the city-state over the next three years. Ng Kit-Chong is a member of the legislative council for the…
” Hong Kong to subject crypto exchanges to the same laws governing TradFi “ Own this piece of crypto history If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If…
” SEBA Bank partners with HashKey for institutional crypto adoption “ Own this piece of crypto history If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If you want to…
“China’s military threat should get GOP, Dems to agree to up defense spending” The Pentagon’s annual report to Congress last week should be enough to alarm even the most diehard pacifists. Cross your fingers it does. Topping the report’s worries: China has been rapidly expanding its military capabilities, is on pace to triple its nuclear…