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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.
AAX Likely Moving Toward Legal Procedure, Former Exec Predicts
Hong-Kong based crypto exchange AAX closed out its derivatives position. The company said in a statement on Nov. 19 that the firm "has a chance ... of resuming normal operations." Former AAX VP and Head of Research Ben Caselin says "that's definitely not my sentiment observation," adding the exchange is likely moving to a legal procedure.
Shuttered AAX Closing Out Derivatives as it Hopes to Reopen
Hong Kong-based exchange AAX will close out derivatives positions as it attempts to return to normal following a hack. Two days after FTX filed for bankruptcy, AAX suspended withdrawals saying they did so to avoid fraud and exploitation after a maintenance partner failed. Former AAX VP and Head of Research Ben Caselin breaks his silence.
Hong Kong Crypto Exchange AAX Unlikely to Reopen, Former Communications Chief Says
The exchange shuttered on Nov. 13 after a reported hack.
Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal
The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack.
Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report
The Hong Kong-based company was once Asia’s largest bitcoin ATM player.
Hong Kong Regulator Calls for Tough Rules Despite Ambitions to Be Crypto Hub
Julia Leung, deputy CEO of Hong Kong’s Securities and Futures Commission, highlighted DeFi as an area that needs regulations.
Hong Kong Crypto Exchange AAX Reopening Hinges on Capital Raise
The exchange shuttered activity Sunday at first blaming turbulent markets, but has denied having exposure to Sam Bankman-Fried's now-defunct FTX
FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto
Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.
FTX Japan Ordered by Regulator to Pause Operations Following Withdrawal Halt
Japan's Financial Services Agency has ordered the local unit of Sam Bankman-Fried's crypto exchange FTX to suspend operation amid its liquidity crisis. CoinDesk Executive Director of Global Content Emily Parker discusses the details and the implications for FTX in Asia. Why did FTX leave Hong Kong and what is the country's state of crypto regulation now?
Singapore Approves In-Principle License for Crypto Fund Manager Hashkey
The license from the central bank will allow Hashkey Capital's local arm to conduct fund management services.
