Hong Kong News
Latest Hong Kong News
News
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…
News
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…
News
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…
News
Hong Kong banks scored 2.3 out of 10 for quantum readiness as the HKMA targets full post-quantum preparedness by 2030.
News
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…
News
HashKey, Shanghai Commercial Bank and Visa launched a Hong Kong credit card offering up to 4% rewards converted into crypto-linked vouchers.
News
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…
News
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…
News
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…
News
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…
News
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…
News
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…
News
Hong Kong’s market operator and central bank have begun testing a wholesale central bank digital currency for derivatives trading, expanding the use of digital money within the city’s financial infrastructure. A joint announcement from Hong Kong Exchanges and Clearing (HKEX)…
News
Gate has launched access to more than 1,000 Hong Kong-listed stocks through its platform, allowing users to trade equities with USDT as crypto exchanges continue adding traditional financial products alongside digital assets. According to Gate, the new service gives users…
News
Hong Kong has priced its largest-ever digital bond sale at around HK$12 billion (approximately $1.5 billion), extending the city’s push to bring traditional fixed-income markets onto blockchain-based infrastructure. The Hong Kong Mortgage Corporation (HKMC) said on June 11 that it…