Hong Kong
Hong Kong's Crypto Plans; Dogecoin Volatility Explosion Ahead?
Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. Separately, U.S. Sen. Elizabeth Warren (D-Mass.) is calling for a crackdown on the use of crypto in the Chinese fentanyl trade. And, a technical analysis indicator called Bollinger bandwidth suggests dogecoin (DOGE) could be due for a pronounced move. CoinDesk's Jennifer Sanasie and The TIE Director of Content Lawrence Lewitinn break down some of the most-searched stories impacting the crypto sector this week.
Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months
He says other exchanges, including OKX, Gate.io, Bitget and ByBit might also apply for a license.
InvestHK’s King Leung Explains Hong Kong’s Crypto Exchange License Application Process
Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1. InvestHK head of financial services and fintech King Leung outlines the recent updates to Hong Kong’s crypto regulations, noting exchanges that have not been operating in Hong Kong prior to June 1, 2023, will now “have to apply for a license” in order to legally operate.
Hong Kong Securities Regulator Accepting License Applications for Crypto Exchanges
Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, according to an earlier announcement. King Leung, Head of Financial Services and Fintech at InvestHK, joins "First Mover" to break down the state of crypto adoption and regulation in Hong Kong.
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
The stablecoin is issued by a registered trust owned by First Digital.
Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund
Bitmain is the world's largest manufacturer of crypto mining rigs.
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.
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.
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.
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.
