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 Monetary Authority Opens Its Tokenization Sandbox and Major Institutions Dive In

HSBC bank completed three proof of concepts in Hong Kong's Project Ensemble sandbox.

Hong Kong cityview. (Andrew Jephson / Unsplash)

Videos

Telegram Says It Is Compliant With EU Laws; India’s CBDC Pilot Attracts 5M Users

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Telegram announced in a statement that the messaging platform fully complies with European Union law after the arrest of its CEO Pavel Durov. Plus, India's retail CBDC pilot, and Hong Kong's regulator speaks up on crypto exchanges seeking full licenses in the region.

Recent Videos

Policy

Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report

As many as 11 entities are applicants for a full license with the regulator.

Hong Kong harbor skyline view into Kowloon

Finance

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

Hong Kong (Dan Freeman/Unsplash)

Policy

Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants

On Wednesday, Hong Kong's central bank also said that it planned to present a bill on fiat-referenced stablecoins to the Legislative Council later this year.

Hong Kong harbor skyline view into Kowloon

Videos

What Wall Street's Pivot to Small-Cap Stocks Means for Crypto; Hong Kong Plans for Stablecoin Legislation

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, including insights from Marex Solutions on whether Wall Street’s pivot to shares in small-cap companies could fuel gains in the crypto market. Plus, the launch of spot ether ETFs in the US, and Hong Kong's plans for stablecoin legislation.

Recent Videos

Policy

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends

Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.

Hong Kong (Dan Freeman/Unsplash)

Policy

Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms

Hong Kong's push to be seen as a major crypto hub could come under scrutiny if several or some of the 18 applicants for a license don't move past this important deadline.

Hong Kong (Dan Freeman/Unsplash)

Finance

Crypto Exchange OKX Withdraws Hong Kong License Application

The exchange's action follows that of Huobi Hong Kong and several other applicants earlier this month.

Hong Kong (Dan Freeman/Unsplash)

Policy

Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says

Privacy Commissioner for Personal Data personnel visited 10 of the project's locations in December and January.

On Jan. 31, the PCPD entered six premises involved in the Worldcoin project with court warrants for investigations. (PCPD)