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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.
Hong Kong Monetary Authority to Study a Retail CBDC
Hong Kong's central bank is aiming to "future-proof" the financial center for the growth of CBDCs as part of its "Fintech 2025" strategy.
Hong Kong’s Bitcoin Meetup Ahead of Bitcoin 2021; Banksy Work Offered for Crypto
Hong Kong holds a Bitcoin gathering ahead of Bitcoin Conference 2021 in Miami. State-backed Copyright Society of China launches new blockchain service. Auction house accepts ETH and BTC for physical Banksy art piece. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of The Daily Forkast, June 4.
Crypto Market Rebound; Sotheby’s Next NFT Auction Targets Millennial Spenders
The total global cryptocurrency market cap bounces back and is flirting around $1.8 trillion. Experts tell Forkast.News that bitcoin is acting as a “safe haven” for the market, and ether’s long-term potential may be more attractive for some.
Hong Kong Government Proposal on Licensing Crypto Firms Ends Consultation Period
The government plans to introduce licensing for virtual asset service providers.
Huobi Asset Management Raises $50M for Crypto 'Tracker' Funds
The four funds will buy bitcoin, ether and equity in crypto or mining firms.
Binance's Tesla Stock Token May Have Raised Regulatory Red Flags: Report
Binance may need a license to market security tokens to the Hong Kong public.
Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto as Bait
The DeFi wave continues to rise in Asia: XRP dives deeper into DeFi with Wanchain integration while a top bank in Thailand ventures into the nascent ecosystem and more cases of online fraud are found in Hong Kong. The suspects are believed to have used false promises of crypto investments to lure their victims.
Chinese Web Firm Meitu Buys $10M More in Bitcoin
The publicly traded app developer has now spent $100 million on bitcoin and ether.
What’s Happening in the Asian Crypto Markets?
Crypto database Messari recently published a report on the crypto markets in Asia. Hong Kong-based analyst Mira Christanto explains the current trends in crypto in Asia and the future of peer-to-peer trading in China.
How China’s Digital Yuan Could Go Global
China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.
