Hong Kong regulators open doors to spot crypto ETFs
Hong Kong’s SFC and HKMA are ready for spot crypto ETF applications. SFC revises rules, allowing funds direct exposure to spot virtual assets, emphasizing secure transactions. Contrary to China’s stance,…
Hong Kong bans two crypto sites for misleading investors
Hong Kong’s Securities and Futures Commission (SFC) banned the two crypto websites for scamming users. HongKongDAO and BitCuped were blocked after a joint effort of the police and internet providers.…
Bitget’s Hong Kong operator invests $90M in OSL
BGX, the company that runs BitgetX in Hong Kong, has agreed a $90 million investment in BC Technology. BC Technology is the parent company of OSL, a publicly listed crypto…
Bitget halts plans for crypto licence in Hong Kong
Bitget announced that it will halt operations for its Hong Kong unit by December 13. The crypto exchange said the decision is down to “business and market related considerations.” Users…
UBS joins HSBC in offering crypto futures ETFs to wealthy clients in Hong Kong
UBS joins the crypto trend in Hong Kong, following HSBC’s lead. HSBC currently offers Bitcoin and Ethereum ETFs in Hong Kong. Hong Kong regulators are considering retail access to crypto…
Hong Kong crypto exchange JPEX suspends trading amid SFC probe
The probe into JPEX has resulted in the arrest of one person. The JPEX exchange has allegedly been operating in the country without a license. JPEX’s native token, JPC, has…
Hong Kong warns crypto firms against referring to themselves as “banks”
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto…
Hong Kong crypto platform HKVAX receives approval-in-principle from SFC
HKVAX has moved closer to becoming only the third platform to receive a VATP licence in Hong Kong. This is after it obtained an approval-in-principle from the Hong Kong Securities…
Hong Kong regulator warns crypto exchanges, Shiba Memu marches on
Hong Kong regulator the Securities and Futures Commission (SFC) published the warning on August 7. Crypto exchanges yet to apply for licences but have gone ahead to publicise the same.…
CoinEx launches BitHK trading platform for Hong Kong users
BitHK will offer spot trading and looks to launch a P2P exchange for Hong Kong users. The exchange will submit an application for registration as a VASP with the Hong…