Hong Kong News
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Hong Kong police have received 255 reports linked to the alleged Fun Coffee cryptocurrency investment scam, pushing total reported losses to about HK$104 million as investigators continue making arrests and expanding the probe. According to Hong Kong 01, Hong Kong…
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HashKey secured JPMorgan approval for a client funds account, expanding its dollar settlement and customer money segregation network.
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Standard Chartered-backed Anchorpoint Financial has pushed the public rollout of its Hong Kong dollar stablecoin HKDAP into August after the project missed its previously expected second-quarter and end-of-July timelines. According to the local media outlet the Hong Kong Economic Journal,…
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A Hong Kong woman reportedly lost around $3.3 million after an online romantic partner directed her to a fraudulent cryptocurrency investment platform. Crypto romance scams cost victims nearly $9M Hong Kong authorities recorded 25 investment fraud cases involving online romantic…
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The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of an ongoing investigation into suspected IPO share manipulation. According…
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OSL Digital Securities has opened XRP trading to retail investors in Hong Kong, creating a regulated fiat on-ramp as US lawmakers continue debating federal crypto market rules. OSL opens XRP trading to Hong Kong retail investors OSL Digital Securities launched…
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Hong Kong banks scored 2.3 out of 10 for quantum readiness as the HKMA targets full post-quantum preparedness by 2030.
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Standard Chartered-backed Anchorpoint has prepared to launch its Hong Kong dollar stablecoin HKDAP, with a joint announcement expected before the end of July, according to local media. According to local media citing market sources, Standard Chartered Bank (Hong Kong) and…
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HashKey, Shanghai Commercial Bank and Visa launched a Hong Kong credit card offering up to 4% rewards converted into crypto-linked vouchers.
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Hong Kong Interbank Clearing Limited has uncovered multiple counterfeit websites that use cash rewards and virtual wallet transactions to steal personal and banking information from users. According to a July 10 notice from Hong Kong Interbank Clearing Limited (HKICL), the…
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HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued…
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The Hong Kong Securities and Futures Commission has ordered licensed crypto trading platforms and online brokers to replace SMS-based authentication with phishing-resistant login methods within the next 12 months. According to the Hong Kong Securities and Futures Commission (SFC), virtual…
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Hong Kong’s Securities and Futures Commission has committed to separating the Certified Virtual Asset Platform practitioner exam from its mandatory course, reducing assessment fees, and improving study materials following talks with industry representatives. According to local media, the commitments were…
Markets
Hong Kong has confirmed that its first regulated stablecoins are expected to enter circulation between the middle and second half of 2026 after two bank-backed institutions secured issuer licenses earlier this year. According to a written reply by Secretary for…
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TurboFlow has secured $6 million in seed funding from Pantera Capital, Susquehanna Crypto, and Digital Currency Group as the Hong Kong-based company expands its prediction markets and perpetual futures platform across Asia. TurboFlow announced Monday that Pantera Capital led the…
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Hong Kong’s securities regulator has added Aurum/Aurum Foundation to its alert list of suspicious virtual asset trading platforms after alleging the entity may be operating without the required authorization. The Hong Kong Securities and Futures Commission (SFC) said Aurum/Aurum Foundation…