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.


Videos

Hong Kong's Crypto Plans; Dogecoin Volatility Explosion Ahead?

Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. Separately, U.S. Sen. Elizabeth Warren (D-Mass.) is calling for a crackdown on the use of crypto in the Chinese fentanyl trade. And, a technical analysis indicator called Bollinger bandwidth suggests dogecoin (DOGE) could be due for a pronounced move. CoinDesk's Jennifer Sanasie and The TIE Director of Content Lawrence Lewitinn break down some of the most-searched stories impacting the crypto sector this week.

Recent Videos

Finance

Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months

He says other exchanges, including OKX, Gate.io, Bitget and ByBit might also apply for a license.

Justin Sun (CoinDeskTV)

Videos

InvestHK’s King Leung Explains Hong Kong’s Crypto Exchange License Application Process

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1. InvestHK head of financial services and fintech King Leung outlines the recent updates to Hong Kong’s crypto regulations, noting exchanges that have not been operating in Hong Kong prior to June 1, 2023, will now “have to apply for a license” in order to legally operate.

Recent Videos

Videos

Hong Kong Securities Regulator Accepting License Applications for Crypto Exchanges

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, according to an earlier announcement. King Leung, Head of Financial Services and Fintech at InvestHK, joins "First Mover" to break down the state of crypto adoption and regulation in Hong Kong.

Recent Videos

Markets

First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In

The stablecoin is issued by a registered trust owned by First Digital.

Hong Kong (Unsplash)

Finance

Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

Bitmain is the world's largest manufacturer of crypto mining rigs.

(Ruslan Bardash/Unsplash)

Policy

Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

The SFC's guidelines prohibit crypto "gifts" designed to incentivize retail investments, which likely includes airdrops, and says stablecoins should not be admitted for retail trading until they are regulated.

(Ruslan Bardash/Unsplash)

Finance

Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.

Hong Kong (Shutterstock)

Policy

Ripple Starts Platform for Central Banks to Issue Their CBDCs

The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

(Ripple Labs)

Policy

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.

Hong Kong (Unsplash)