Hong Kong
First Mover Asia: Bitcoin Opens the Week Testing $25K
ALSO: Hong Kong unveils its crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
A tweet suggesting the city will make crypto fully legal for all citizens is a misreading of the legislation.
Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond
Hong Kong's central bank had been exploring tokenization of green bonds since at least 2021.
Interactive Brokers Launches Crypto Trading For Professional Investors in Hong Kong
Interactive Brokers (IBKR) has begun offering bitcoin and ethereum trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities. "The Hash" panel discusses in the context of Hong Kong's crypto policy outlook and its ambition to reclaim its status as Asia's crypto hub.
Interactive Brokers Rolls Out BTC, ETH Trading to Professional Investors in Hong Kong
Eligible clients include individuals with over 8 million Hong Kong dollars in investable assets and institutions with over 40 million Hong Kong dollars.
Hong Kong Regulator Wants to Beef Up Its Staff Covering Virtual Assets
Hong Kong's Securities and Futures Commission (SFC) wants to expand its team to deal with licensing applications for the incoming VASP regime.
Hong Kong to Require Stablecoin Licensing as Early as This Year
Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.
US and Asia’s Approach to Crypto
While sentiment toward crypto may be souring among U.S. regulators and lawmakers, Asia is revising policies to welcome crypto. CoinDesk Executive Director of Global Content Emily Parker discusses the difference in the U.S. and Asia's approach to crypto regulation, citing the implosion of FTX and stablecoin legislations. Plus, what can be learned from regulatory frameworks in Singapore, Hong Kong and Japan. And, insights on FTX users in China.
What You Need to Know About Crypto Regulation in Hong Kong, Singapore, Japan
Asia’s biggest financial centers seem eager to encourage the growth of the crypto industry while protecting consumers and preventing contagion if things go wrong.
Bitzlato Founder Arrested, US Department of Justice Says
The U.S. Justice Department and Treasury Department have targeted Bitzlato Limited, a Hong Kong-registered cryptocurrency exchange, with accusations of money laundering. According to the Department of Justice, Bitzlato founder Anatoly Legkodymov was arrested in Miami and is slated to be arraigned in the U.S. District Court for the Southern District of Florida on Wednesday afternoon.
