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.


Policy

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

Hong Kong harbor skyline view into Kowloon

Policy

Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say

The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.

Hong Kong harbor skyline view into Kowloon

Videos

How Hong Kong, Singapore and Japan Are Approaching Crypto Regulation

Japan, Singapore and Hong Kong are known for having better legal clarity around digital assets compared to the U.S., but these jurisdictions also have some of the toughest rules in the world. CoinDesk Executive Director of Global Content Emily Parker shares her expert analysis, after returning on a recent trip from Asia.

Recent Videos

Consensus Magazine

Julia Leung: Positioning Hong Kong as a Crypto Hub

A former journalist, Leung is the world’s most powerful female financial regulator in an increasingly important center for crypto.

Julia Leung (Mason Webb/CoinDesk)

Markets

Hong Kong Securities Trade Group Proposes Initial Coin Offering Portal

Hong Kong was once a hub for ICOs until regulators cracked down. But times have changed.

Hong Kong harbor skyline view into Kowloon

Policy

Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report

The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges.

Hong Kong harbor skyline view into Kowloon

Finance

Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License

The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license.

Hong Kong harbor skyline view into Kowloon

Videos

The Creator Economy, AI and Future of Web3

Host Megha Chaddah dives into the state of crypto regulation in Hong Kong as the city continues its effort to keep a check on bad actors. Plus, a conversation with Animoca Brands Executive Chairman Yat Siu on non-fungible tokens (NFT), crypto regulation and the future of Web3. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

Forkast IQ

Finance

Hong Kong Gaming Company Boyaa Interactive Seeks Approval to Buy $100M in Crypto to Boost Web3 Strategy

The company's plan highlights Hong Kong's rising profile as a digital asset hub.

Hong Kong (Unsplash)

Finance

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License

BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

Hong Kong harbor skyline view into Kowloon