Hong Kong News

Deputy Governor of China’s Central Bank says the countries partnering together to build mBridge would need to establish trust and mutual understanding of one another’s regulatory framework. According to a report by SCMP on Oct. 23, the deputy governor of…

Hong Kong’s biggest licensed crypto exchange operator, HashKey, has postponed the launch of its HSK token, citing the need to wait “for more favorable market conditions.” HashKey Group, which operates the Hong Kong-based crypto exchange, is postponing the launch of…

Hong Kong police have dismantled a deepfake romance scam that swindled men out of $46 million through fake cryptocurrency investments. According to a local report, law enforcement in Hong Kong cracked down on a multinational crypto romance scam, which targeted…

The Hong Kong Securities and Futures Commission plans to approve a batch of new crypto licenses by the end of this year. So far, there are 11 crypto platforms being considered for licenses. In an interview with news outlet Hong…

ZA Bank becomes the first Hong Kong digital-only bank to gain a license from the Securities and Futures Commission for Type 1 regulated activity. According to Hong Kong news outlet HKEJ, on Sept. 30 a ZA Bank spokesperson said that…

Hong Kong financial regulators set requirements for crypto over-the-counter derivatives following the European Securities and Markets Authority standards, including the use of Digital Token Identifiers. On Sept. 26, the Hong Kong Monetary Authority and the Securities and Futures Commission released…

Blockchain infrastructure provider Blockdaemon, which powers institutional clients such as OneDegree and CoinShares, may be eyeing a public listing in 2026. Crypto infrastructure provider Blockdaemon, backed by Goldman Sachs, SoftBank, and Kraken, among others, is weighing in on going public…

Hong Kong is reportedly considering involving the local securities regulator in licensing over-the-counter crypto trading services. Over-the-counter crypto trading services in Hong Kong might soon come under the joint oversight of the Securities and Futures Commission and the Customs and…

Hong Kong-based crypto exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in…

Hong Kong-based firm IDA has secured $6 million in seed funding to accelerate the launch of its first fiat-referenced stablecoin. IDA, a Hong Kong-based digital asset company, has raised $6 million in seed funding led by CMCC Global’s Titan Fund…

Hong Kong’s financial regulator launched a new sandbox initiative at testing tokenization use cases across asset classes and real-world applications in the financial sector. The Hong Kong Monetary Authority has launched its new initiative dubbed “Project Ensemble Sandbox” in a…

The number of crypto millionaires nearly doubled in 2024, reaching 172,300 as spot Bitcoin ETFs and other crypto assets surged. The global population of crypto millionaires has surged 95% over the past year, driven by the rise of spot Bitcoin…

Hong Kong’s crypto hub ambitions face hurdles as more than a dozen exchanges struggle to secure full licenses due to regulatory concerns. Cryptocurrency exchanges in Hong Kong seem to be grappling with challenges in securing full licenses as the city…

A Hong Kong lawmaker calls for a legal framework to regulate DAOs following a court ruling on a decentralized organization. Hong Kong might begin developing a regulatory framework for decentralized autonomous organizations, as lawmaker Johnny Ng Kit-chong advocates for clearer…

Hong Kong legislator Johnny Ng has called for an expansion of virtual bank services to address hurdles faced by web3 startups in the region. Hong Kong should embrace a more crypto-friendly approach by expanding virtual banking services as web3 startups…

Italian sports car manufacturer Lamborghini and Animoca Brands have announced a collaboration to “drive automotive brand engagement.” Automobili Lamborghini, the Italian luxury sports car maker, and Hong Kong-based crypto firm Animoca Brands have announced a partnership focused on enhancing brand…