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.


Finance

HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

Hong Kong (Unsplash)

Videos

Justin Sun on Hong Kong Outlook, State of Crypto Regulation

Hong Kong continues to draw in crypto enthusiasts by embracing Web3 and creating more transparent regulatory frameworks. TRON founder and Huobi Global Advisor Justin Sun discusses the outlook for crypto in Hong Kong, an update about the progress on securing Huobi's crypto trading license in the region, and his take on the U.S. crypto regulatory landscape.

Recent Videos

Videos

Animoca Brands Executive Chairman Yat Siu Discusses Crypto Regulation in Hong Kong

Animoca Brands co-founder and executive chairman Yat Siu joins "First Mover" to discuss the state of crypto regulation in Hong Kong as the city establishes a task force that promotes Web3 development. The establishment of a regulatory framework "gives it legitimacy," Siu said.

Recent Videos

Videos

Animoca Brands Executive Chairman Yat Siu Joins Hong Kong’s Web3 Task Force

Animoca Brands co-founder and executive chairman Yat Siu is joining the Hong Kong government's task force for promoting Web3 development. Siu joins "First Mover" to share insights into his role and Hong Kong's state of crypto. Plus, Siu's take on the future of gaming.

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Videos

Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill

The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed the Virtual Asset User Protection Act, marking the country's first step towards building a legal framework for virtual assets. "The Hash" panel discusses the state of crypto regulation in the U.S. compared to the rest of the world.

Recent Videos

Policy

Hong Kong Sets Up Task Force for Web3 Development

Hong Kong wants to be a Web3 hub , Financial Secretary Paul Chan said.

Hong Kong (Ruslan Bardash / Unsplash)

Opinion

What New York Can Learn From Hong Kong in Regulating Crypto

A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.

Eric Adams (NYC Gov) and John Lee (Creative Commons)

Opinion

Don’t Overlook Tokyo and Hong Kong as Crypto Hot Spots

The two Far East financial hubs take a comprehensive approach to overseeing crypto, and are likely to attract businesses from around the world. They don’t appear on CoinDesk’s Crypto Hubs 2023 ranking of the 15 best places to live and work for crypto professionals, but they should not be ignored.

Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)

Finance

Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News

HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were first listed on the Hong Kong Stock Exchange back in December.

Hong Kong Harbour (Shutterstock)

Videos

Neil Tan: Hong Kong’s Crypto Push

Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.

Word on the Block