Hong Kong | ForkLog

ForkLog 7 07.02.2024

Hong Kong Proposes Yuan-Pegged Stablecoins

The Hong Kong Chamber of Commerce urged the local government to include the issuance of yuan-pegged stablecoins in the upcoming budget. The proposal also includes the option to issue stablecoins backed by a basket of various currencies, including yuan. Currently, tokens based on the HKD and USD are permitted. Separately, the organization called on the […]

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ForkLog 6 05.02.2024

Employee Duped by Deepfake Colleagues in $25 Million Scam

In Hong Kong, an employee of a multinational company transferred $25 million to fraudsters after a video call with “colleagues” who turned out to be deepfakes, according to local media. The incident occurred in January. The victim received an invitation, purportedly from the firm’s chief financial officer, to an online video meeting to discuss a […]

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ForkLog 12 01.02.2024

Worldcoin Faces 15% Drop Amid Hong Kong Investigation

The Office of the Privacy Commissioner for Personal Data in Hong Kong (PCPD) announced suspicions regarding Worldcoin over potential violations related to the storage of biometric information. The regulator’s observer visited several operational zones of Sam Altman’s project, where retinal scans are conducted. “PCPD entered six Worldcoin premises located in Yau Ma Tei, Kwun Tong, […]

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ForkLog 9 29.01.2024

Hong Kong Seeks Approval for Spot Bitcoin ETF

The Hong Kong branch of China’s asset management firm, Harvest Fund Management, has submitted a proposal to the Securities and Futures Commission (SFC) to launch a spot bitcoin ETF, according to Tencent News. The publication notes that the regulator may permit the listing of the product after the Lunar New Year celebrations conclude on February […]

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ForkLog 10 26.01.2024

Hong Kong Authorities Label Floki Inu’s Staking Programs as ‘Questionable’

The Hong Kong Securities and Futures Commission (SFC) warned the public about the suspicious investment products Floki Staking Program and TokenFi Staking Program. Both programs offer staking services with annual rates “from 30% to over 100%”, according to the regulator’s statement. “The SFC has not approved the offering of these products in Hong Kong. The […]

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ForkLog 12 16.01.2024

HashKey Group Valued at $1.2 Billion Following $100 Million Funding Round

Hong Kong-based HashKey Group has concluded a Series A funding round, raising $100 million. The group, which includes an SFC-licensed cryptocurrency exchange, asset management, staking services, tokenization, and NFT offerings, has been valued at $1.2 billion. The holding company, which focuses on institutional clients, also operates in Singapore and Tokyo. The participants in the funding […]

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ForkLog 6 11.01.2024

Hong Kong Urged to Lead on Crypto-ETFs

Johnny Ng Kit-chong, a member of Hong Kong’s Legislative Council, emphasized the need for the jurisdiction to “take the initiative” in implementing spot crypto-ETFs. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 “I hope that Hong Kong, amidst the rapid development and fierce competition in the virtual assets sector, can quickly […]

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ForkLog 26 10.01.2024

HashKey Identifies Bitcoin ETF Aspirants in Hong Kong

Approximately ten financial firms in Hong Kong are exploring the launch of spot Bitcoin ETFs, according to an interview with Caixin by Livio Weng, COO of the cryptocurrency exchange HashKey. He noted that potential issuers include companies with Chinese capital, as well as firms from other parts of Asia and Europe. Seven or eight of […]

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ForkLog 7 22.12.2023

Hong Kong regulators ready to approve spot Bitcoin ETFs

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority have reviewed their policy regarding intermediaries in the cryptocurrency market.

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ForkLog 13 27.11.2023

Media reports investigation into crypto platform Hounax

The crypto trading platform Hounax has become the subject of an investigation into an alleged fraud involving 120 million HKD ($15.4 million at current rate).

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ForkLog 6 06.11.2023

Opinion: Hong Kong crypto-ETF launch could spur SEC decision

Crypto industry participants were buoyed by news of a potential launch of spot exchange-traded funds based on digital assets in Hong Kong for retail investors.

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ForkLog 12 06.11.2023

Hong Kong to Consider Retail Access to Spot Crypto ETFs

The Hong Kong Securities and Futures Commission (SFC) is weighing allowing retail investors access to spot crypto-ETFs. In an interview, Bloomberg quoted the agency's head, Julia Leung.

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