Asia Approves First Spot ETF for Solana
The Hong Kong Securities and Futures Commission (SFC) has approved the region's first spot ETF based on Solana.
Asia Approves First Spot ETF for Solana
The Hong Kong Securities and Futures Commission (SFC) has approved the region's first spot ETF based on Solana.
China Blocks Alibaba’s Stablecoin Plans in Hong Kong
Ant Group, a subsidiary of Alibaba, and JD․com have halted the development of stablecoins pegged to the yuan. This was reported by the Financial Times.
Hong Kong to Ease Cryptocurrency Regulations for Banks
The Hong Kong Monetary Authority has announced plans to ease capital requirements for local banks holding cryptocurrencies.
The Economist Predicts Challenges for Yuan-Backed Stablecoins
China will not launch a yuan-backed stablecoin due to a lack of offshore assets and capital controls, writes The Economist.
Asian Nations Tighten Cryptocurrency Regulations
The Bank of South Korea (BoK) has established a new division to monitor the cryptocurrency market, Indonesia has announced increased taxes on crypto transactions, and Hong Kong has completed the development of stablecoin regulations. ForkLog has compiled the latest news from Asia in one article. Digital Division of the Bank of Korea The BoK has […]
Hong Kong Crypto Firms’ Shares Surge Amid Regulatory Optimism
The shares of cryptocurrency companies in Hong Kong have risen, buoyed by investor optimism. Market participants anticipate the launch of a licensing system for stablecoin issuers. Shares of brokerage firm Guotai Junan International increased by 28%, according to Yahoo Finance. The stock of licensed crypto exchange OSL rose by 8%, while the shares of Dmall […]
Hong Kong Authorities to Develop AML Tool for Cryptocurrencies
Hong Kong Customs has announced the development of a tool aimed at tracking cryptocurrency transactions linked to money laundering. This was reported by SCMP. The agency is collaborating with the University of Hong Kong to create the software. Mario Wong Ho-yin, Assistant Commissioner for Intelligence and Investigation at the Customs and Excise Department, expressed the […]
Hong Kong Developer Reitar Logtech to Acquire $1.5 Billion in Bitcoin
Hong Kong-based Reitar Logtech Holdings plans to purchase $1.5 billion worth of the leading cryptocurrency, according to a filing with the SEC. The firm operates in the real estate and logistics technology sectors. The primary aim is to “strengthen treasury reserves.” The acquisition is also intended to accelerate the company’s global expansion. Reitar Logtech plans […]
Hong Kong police dismantle deepfake scam syndicate
Hong Kong police arrested 31 members of a criminal syndicate that used deepfake technology to perpetrate scams, The Star reported. The gang lured victims with romance and investment pitches. Its takings exceeded HK$34 million (about $4.37 million). Hong Kong police’s Commercial Crime Bureau said the syndicate rented two units in adjacent industrial buildings to “carry […]
DWF Labs Partner Suspended Amid Harassment Allegations
Market maker DWF Labs has suspended one of its partners from management and operational roles due to an ongoing investigation into allegations of inappropriate conduct. We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour. While the matter is under investigation, […]
Hong Kong’s ZA Bank to Partner with Stablecoin Issuers
Hong Kong’s virtual bank ZA Bank will provide reserve services for stablecoin issuers. According to its representatives, the bank is in talks with ten companies regarding potential partnerships. ZA Bank, the largest virtual bank in Hong Kong, announced that it will provide reserve bank services for stablecoin issuers and is currently negotiating cooperation with nearly […]
Hong Kong Kidnappers Demand 660,000 USDT for Child’s Release
On July 3, a group orchestrated the abduction of a three-year-old boy from a Hong Kong shopping centre, demanding a ransom of 660,000 USDT. This was reported by local media. The incident was captured on CCTV, showing a man leading the child away while covering his mouth with a cloth. The kidnappers later contacted the […]We use cookies to improve the quality of our service.
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