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A Hong Kong appeals court has upheld a 56-month prison term for Ma Zhihao after investigators linked ransom payments from a human trafficking operation to a crypto exchange account registered in his name. Caixin reported on Aug. 20 that the…
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OKX restricted Claude access for Hong Kong and China based staff after a suspension, while monthly AI spending reaches up to $8 million.
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HashKey Exchange has completed a live transaction using Hong Kong’s first regulated Hong Kong dollar-backed stablecoin, HKDAP, with YF Life, testing a payment route that the companies say could cut premium settlement from two to three business days to near…
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Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. HashKey opens HKDAP access to…
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Standard Chartered-backed Anchorpoint has begun the phased rollout of its Hong Kong dollar-backed HKDAP stablecoin, opening beta access to institutional distributors and professional investors for payments, fiat conversion and tokenized asset settlement. Anchorpoint said on Wednesday that the first phase…
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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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