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

Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

Bitmain is the world's largest manufacturer of crypto mining rigs.

(Ruslan Bardash/Unsplash)

Policy

Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

The SFC's guidelines prohibit crypto "gifts" designed to incentivize retail investments, which likely includes airdrops, and says stablecoins should not be admitted for retail trading until they are regulated.

(Ruslan Bardash/Unsplash)

Finance

Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.

Hong Kong (Shutterstock)

Policy

Ripple Starts Platform for Central Banks to Issue Their CBDCs

The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

(Ripple Labs)

Policy

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.

Hong Kong (Unsplash)

Policy

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

(Ruslan Bardash/Unsplash)

Policy

Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin

The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Policy

Hong Kong's Central Bank Digital Currency Could Be on Permissioned Blockchain: Source

The regulator of e-HKD has left the implementation of Hong Kong's CBDC to the banks.

Hong Kong (See-ming Lee/Flickr-Creative Commons)

Finance

HashKey Group to Debut Regulated Exchange in Second Quarter

The exchange will be open to professional investors. HashKey plans to welcome retail users in coming months.

Hong Kong (Shutterstock)

Policy

Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements

The SFC's comments come just after the United States and France published reports on regulating DeFi.

(Ruslan Bardash/Unsplash)