Tag: Hong Kong

Invest tech, Trading

FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

November 18, 2022

Via: Cointelegraph

In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced it will cease trading and shutter operations, according to reports. According […]

Invest tech, RegTech

Hong Kong ‘Actively Looking’ to Establish Regulatory Framework to Allow Crypto Futures ETFs: Report

November 9, 2022


Rising Demand for Crypto ETFs in Hong Kong Hong Kong’s top financial regulator is “actively looking” to set up a regulatory framework that allows retail investors to trade exchange-traded funds (ETFs) with exposure to cryptocurrency futures, Ignites Asia reported Monday. […]

Invest tech, RegTech

Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading

October 28, 2022

Via: Blockchain News

Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers. People familiar with the matter, who asked to remain […]

Paytech, Retail, Wholesale

Hong Kong Presents Digital Currency Prototype, Project Aurum

October 24, 2022


Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority (HKMA), and the Hong Kong Applied Science and Technology Research Institute has […]

Invest tech, Markets

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

September 29, 2022


While the euro and pound sterling lost 12-17% against the U.S. dollar during the last six months, there’s been a significant amount of capital flight to the greenback. The Hong Kong dollar (HKD), however, has fared better than a myriad […]