Cryptocurrency Exchange Gate.HK Faces Regulatory Pressure
Hong Kong-based cryptocurrency exchange Gate.HK has closed down due to non-compliance with local licensing requirements, which will take effect on June 1.
Hong Kong - page 2
Worldcoin to Stop Iris-Scanning Operations in Hong Kong
Worldcoin, a digital identity scanning startup co-founded by OpenAI CEO Sam Altman, has been notified about the need to stop its operations in Hong Kong.
Hong Kong Growth Beats Expectations
The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.
Hong Kong Crypto ETFs Begin Trading
Spot Bitcoin and Ethereum exchange-traded funds (ETFs), the first crypto ETFs in Asia, have officially gone live in the Hong Kong stock market today.
Hong Kong Approves Bitcoin and Ethereum ETF
Moving ahead of the U.S. regulators, the SEC of Hong Kong has officially approved both Bitcoin and Ethereum ETF products from major local asset managers.
Hong Kong Retail Sales Demonstrate Growth
On Wednesday, April 3, official data were published, according to which an increase in retail sales was recorded in Hong Kong in February.
Hong Kong Launches Wholesale CBDC Project
In Hong Kong, the local financial regulator announced the launch of the wholesale Central Bank Digital Currency (CBDC) project.
Hong Kong Property Stocks Demonstrate Growth
In Hong Kong, an increase in the share price of local developers was recorded after Financial Secretary Paul Chan announced the cancellation of measures to cool property as part of efforts to normalize the state of affairs in the real estate sector, which found itself in a difficult situation amid the impact of negative factors […]
HSBC to Improve Ties With Hong Kong Unit
HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.
Spot Bitcoin ETF Application Registered in Hong Kong
Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.
Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark
Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.
Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Economists Worsen Hong Kong’s Growth Outlook
Experts suggest that the growth rate of the Hong Kong economy this year and in 2024 will be less intense than initially expected.
Ant Group Partners PayNet for Cross-Border Digital Payments
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Israel and Hong Kong Finish Retail CBDC Test
Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)
HK Virtual Insurer OneDegree Raises $27 Million in Funding Round
Virtual insurance company OneDegree Hong Kong announced the raising of investment funds, the amount of which amounted to $27 million.
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