Hong Kong

Hong Kong is a significant hub in the global cryptocurrency landscape, home to numerous blockchain companies, crypto exchanges, and enthusiasts. The region boasts a robust regulatory framework, fostering a conducive environment for crypto-related activities. Renowned crypto exchanges like Bitfinex and OKEx are headquartered here, facilitating vast daily trading volumes. Hong Kong's blockchain networks are advanced, supporting various protocols and fostering innovation in the crypto space. The region's crypto community is diverse, involving investors, traders, developers, and blockchain startups. Despite its traditional finance background, Hong Kong has embraced the digital asset revolution, positioning itself as a leading player in the crypto world.


Policy

Hong Kong Will Allow Some Tokenized Securities-Related Activities

The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub.

Hong Kong (Ruslan Bardash / Unsplash)

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Sam Bankman-Fried on the Hot Seat; Hong Kong's New CBDC Report

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including the Justice Department gearing up for its cross-examination of FTX founder Sam Bankman-Fried during his criminal trial. Animoca Brands has a new partnership with Saudi Arabia's NEOM. And, what a new report says about retail central bank digital currencies (CBDCs) in Hong Kong.

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Policy

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

Hong Kong has not decided whether to introduce an e-HKD, the report said.

Hong Kong harbor skyline view into Kowloon

Mga video

The World of Crypto Regulation: International Overview

Representatives from key jurisdictions discuss global regulatory harmonization and what’s next on their respective agendas from Europe’s landmark Markets in Crypto Assets (MiCA) framework, the UK’s Financial Services and Markets Act 2023, to Hong Kong's new licensing regime at CoinDesk's State of Crypto 2023 in Washington, D.C. Panelists include Bermuda Premier E. David Burt, Virtual Assets Regulatory Authority Henson Orser, U.K.’s House of Commons Dr. Lisa Cameron, and European Commission Adviser Peter Kerstens.

State of Crypto 2023 in D.C.

Mga video

Bitcoin Eyes $31K; Coinbase Set to Make Final Pitch in Bid to Kill SEC Case

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories of the day, including bitcoin's (BTC) recent pop and what it means for MicroStrategy's (MSTR) crypto holdings. Coinbase is getting ready to make its final case on Tuesday that a judge should toss the SEC's unregistered securities dispute. Plus, Hong Kong has loosened its stance on spot-crypto products.  

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Policy

Hong Kong Reverses Stance on Spot-Crypto, ETF Investing, With a Catch

The development comes as interest in spot bitcoin exchange-traded funds increases and follows a probe into the JPEX exchange for operating without a license.

Hong Kong (Ruslan Bardash / Unsplash)

Policy

BC Technology Denies Report of $128M Crypto Exchange Sale

Firm calls report by Bloomberg “factually inaccurate and highly misleading.”

(Ruslan Bardash/Unsplash)

Finance

Hong Kong-Based Crypto Exchange OSL's Owner Weighing Sale at $128M Valuation: Bloomberg

BC Technology may elect to sell parts of OSL's business rather than the whole entity, according to the report, citing people familiar with the matter.

Hong Kong harbor skyline view into Kowloon

Policy

Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform

HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.

Hong Kong harbor skyline view into Kowloon

Web3

CMCC Global Raises $100M for Hong Kong-Based Blockchain Companies

The lead investor in the fund was B1, which committed $50 million, alongside Richard Li’s Pacific Century Group, Tyler and Cameron Winklevoss’ firm and Animoca Brands founder Yat Siu.

CMCC Global Managing Partners Shiau Sin Yen, Martin Baumann and Charlie Morris (CMCC Global)