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

Incoming FCA Chair Calls Crypto Firms Like FTX 'Deliberately Evasive'

Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission, will be commencing his role with the Financial Conduct Authority on Feb. 20, he told the Treasury Committee.

Ashley Alder will become chair of the U.K.'s FCA next year. (H.K. Securities and Futures Commission)

Policy

Hong Kong Amends Finance Law to Incorporate Crypto Firms

Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June 2023.

Hong Kong regulator pushes for tougher crypto regulations. (Chester Ho/Unsplash)

Videos

Innovation vs Regulation

Could Hong Kong and Singapore rival the U.S. together? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Recent Videos

Videos

AAX Likely Moving Toward Legal Procedure, Former Exec Predicts

Hong-Kong based crypto exchange AAX closed out its derivatives position. The company said in a statement on Nov. 19 that the firm "has a chance ... of resuming normal operations." Former AAX VP and Head of Research Ben Caselin says "that's definitely not my sentiment observation," adding the exchange is likely moving to a legal procedure.

Recent Videos

Videos

Shuttered AAX Closing Out Derivatives as it Hopes to Reopen

Hong Kong-based exchange AAX will close out derivatives positions as it attempts to return to normal following a hack. Two days after FTX filed for bankruptcy, AAX suspended withdrawals saying they did so to avoid fraud and exploitation after a maintenance partner failed. Former AAX VP and Head of Research Ben Caselin breaks his silence.

Recent Videos

Finance

Hong Kong Crypto Exchange AAX Unlikely to Reopen, Former Communications Chief Says

The exchange shuttered on Nov. 13 after a reported hack.

Hong Kong, China Cityscape (Unsplash)

Finance

Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal

The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack.

Hong Kong skyline (anuchit kamsongmueang/Getty Images)

Finance

Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report

The Hong Kong-based company was once Asia’s largest bitcoin ATM player.

Hong Kong, China Cityscape (Unsplash)

Policy

Hong Kong Regulator Calls for Tough Rules Despite Ambitions to Be Crypto Hub

Julia Leung, deputy CEO of Hong Kong’s Securities and Futures Commission, highlighted DeFi as an area that needs regulations.

Hong Kong regulator pushes for tougher crypto regulations. (Chester Ho/Unsplash)

Finance

Hong Kong Crypto Exchange AAX Reopening Hinges on Capital Raise

The exchange shuttered activity Sunday at first blaming turbulent markets, but has denied having exposure to Sam Bankman-Fried's now-defunct FTX

The FTX collapse may alter Hong Kong regulators approach to retail crypto trading. (Yiu Yu Hoi/Getty Images)