Hong Kong
Hong Kong Amends Finance Law to Incorporate Crypto Firms
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June 2023.
Innovation vs Regulation
Could Hong Kong and Singapore rival the U.S. together? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
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.
