Hong Kong | ForkLog

ForkLog 6 17.01.2023

Hong Kong-regulated OSL to cut costs by about a third

The Hong Kong exchange OSL will cut costs by about a third.

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ForkLog 8 09.01.2023

Hong Kong signals commitment to developing the crypto industry

Hong Kong's Financial Secretary Paul Chan said the jurisdiction is ready to welcome cryptocurrency companies from around the world, according to 8BTC.

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ForkLog 8 23.12.2022

Hong Kong to back 1,000 Web3 startups, says G-Rocket accelerator

The G-Rocket accelerator will help set up 1,000 startups in the {{AOPEN_1}}Web3{{ACLOSE_1}} sector in Hong Kong over the next three years, according to the South China Morning Post.

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ForkLog 7 15.12.2022

Hong Kong launches trading of first crypto ETFs

On December 15, two exchange-traded funds linked to US-traded cryptocurrency futures began trading on the Hong Kong Stock Exchange. Reuters reports.

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ForkLog 7 08.12.2022

Hong Kong crypto-service providers required to comply with AML rules

The Hong Kong Legislative Council approved amendments to the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws, extending their application to virtual asset service providers (VASP) from June 1, 2023.

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ForkLog 9 31.10.2022

Hong Kong eases crypto regulation and revises stance on Bitcoin ETFs

The Hong Kong Financial Services and Treasury Bureau published a statement on relaxing restrictions on cryptocurrencies and its willingness to engage with virtual asset service providers.

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ForkLog 5 29.10.2022

Arthur Hayes envisions China’s return to the crypto industry via Hong Kong

Former BitMEX chief executive Arthur Hayes spoke about the possibility of China returning to the digital-asset industry with the help of Hong Kong.

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ForkLog 9 21.10.2022

Hong Kong Regulator Weighs Easing Crypto Trading Rules

The Hong Kong Securities and Futures Commission (SFC) is considering allowing retail investors to invest directly in virtual assets, according to Elizabeth Wong, head of the regulator's Financial Technology Department, as reported by the South China Morning Post.

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ForkLog 7 21.09.2022

Hong Kong to trial retail central-bank digital currency (e-HKD)

From the fourth quarter of 2022, Hong Kong authorities will begin testing the retail central-bank digital currency (e-HKD). The report comes from the South China Morning Post.

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ForkLog 9 05.09.2022

STEPN to relocate headquarters to Cyberport, Hong Kong

The STEPN project's headquarters will be moved to the Cyberport business park in the Southern District of Hong Kong. This information was confirmed in an interview with SCMP by Jerry Huang, co-founder of the fitness-app developer.

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ForkLog 6 27.07.2022

Hong Kong-regulated OSL issues USD-denominated coupon bonds backed by Ethereum tokens

Hong Kong-based, regulated Bitcoin exchange OSL conducted an offering of USD-denominated coupon bonds backed by Ethereum tokens. The issue size was not disclosed. Each token is worth $10,000. A base coupon and a Bitcoin-linked bonus coupon are provided. Maturity is in three months. The STO issue was placed among professional investors, including Animoca Brands, Head & Shoulders Financial Group, China Fortune Financial Group, Volmart, and Monmonkey Group Asset Management. OSL Digital Securities became the first digital asset broker registered as Type 1 by the SFC to carry out an STO. OSL offered a full-service package, acting as bookrunner, placement agent, tax and payment agent, transfer agent, registrar, settlement agent, tokenisation technology partner, and trading venue. They said the initiative will pave the way for tokenised securities among licensed intermediaries in Hong Kong. In 2021, DBS Bank issued digital notes worth $11.3 million during the first Singapore STO. Read ForkLog's Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.

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ForkLog 9 30.06.2022

Hong Kong-regulated OSL to cut 40–60 staff, about 15% of the workforce

The Hong Kong-regulated bitcoin exchange OSL will cut 40 to 60 staff (about 15% of its workforce). The Block reports, citing sources familiar with the situation. A company spokesperson confirmed the information but did not provide specific figures. He explained that the optimisation was not triggered by the Terra collapse or the discount of stETH to ETH. The company had not worked with any firms facing liquidity problems amid the market downturn.

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