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 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)

Videos

FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto

Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.

Recent Videos

Videos

FTX Japan Ordered by Regulator to Pause Operations Following Withdrawal Halt

Japan's Financial Services Agency has ordered the local unit of Sam Bankman-Fried's crypto exchange FTX to suspend operation amid its liquidity crisis. CoinDesk Executive Director of Global Content Emily Parker discusses the details and the implications for FTX in Asia. Why did FTX leave Hong Kong and what is the country's state of crypto regulation now?

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Policy

Singapore Approves In-Principle License for Crypto Fund Manager Hashkey

The license from the central bank will allow Hashkey Capital's local arm to conduct fund management services.

Singapore (Unsplash)

Videos

Singapore vs Hong Kong

Who will win in Asia’s crypto showdown? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Policy

Hong Kong Wants to Be a Crypto Hub Again

Though the city’s regulator has set a high bar for companies to operate at present, the door is open for the further relaxing of rules.

HONG KONG, CHINA - AUGUST 06: Traffic at a main road of a shopping district on August 06, 2022 in Hong Kong, China. Hong Kong's economy contracted consecutively for the last two quarters in a row due to weak exports and investment as it struggles with pandemic-induced restrictions. (Photo by Anthony Kwan/Getty Images)

Videos

Hong Kong’s Crypto Rethink

Host Joel Flynn takes a deep dive into governments reconsidering retail investor crypto ban. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Policy

Hong Kong Government Reconsiders Stance on Virtual Asset ETFs, Tokenized Securities, Retail Investors

The government says it's ready to engage with virtual asset service providers and invite them to the city.

Hong Kong FSTB Secretary Christopher Hui talks to co-founder of Animoca Brands Yat Siu at Hong Kong FinTech Week. (Lavender Au/CoinDesk)

Policy

Hong Kong to Make Retail Crypto Trading Legal: Report

The city is looking to reestablish its reputation as a global financial hub.

Hong Kong (Shutterstock)