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Governments from all over the world are taking the initiative to regulate the cryptocurrency industry. Undoubtedly, the market has become exceedingly unstable as a result of the consecutive failures of crypto businesses this year. Regulators have voluntarily intervened as a result of clients losing billions. For instance, Australia’s crypto rules will probably get stricter in […]
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so.
Hong Kongs ASPIRe roadmap emphasizes the increasing focus on clear regulations for virtual assets, as countries around the world refine their frameworks to attract crypto businesses.
Hong Kong-based financial services firm Venture Smart Financial Holdings Ltd. (VSFG) is gearing up to apply for a spot Ethereum exchange-traded fund (ETF) following the recent approval of a spot Bitcoin ETF in the United States. The move is seen as a significant step toward the broader adoption of cryptocurrencies and establishing Bitcoin as an […]
Signum Digital, a joint venture of Coinstreet and Somerley, has received approval-in-principle from Hong Kong Securities and Futures Commission for its security token offering platform called CS-Pro. The platform will allow investment in tangible assets such as private equities, real estate, art, and collectibles. (Read More)
Hong Kong’s HashKey recently received a number of licenses from local regulators, allowing it to expand its range of products and services.
In recent developments, Hong Kong regulators have issued cautionary warnings to crypto investors, asking them to be careful of potential investment risks. According to the city’s chief regulatory agency, some cryptocurrency trading platforms have been making erroneous claims about meeting the regulatory requirements for digital assets. Investors Beware Of False Claims From Crypto Firms The [...]
The post Beware Of Crypto Firms Falsely Claiming To Have Submitted License Applications appeared first on Crypto Breaking News.
Hong Kong's SFC warns unregulated crypto firms in the country, terming their operations illegal and a hindrance to its mandate.
The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding the potential risks connected to unlicensed and foreign virtual asset trading platforms. (Read More)
As part of Hong Kong’s ongoing commitment to embrace the “megatrend” of Web3 development, it has established a diverse group of industry and government officials to supervise the progress of Web3 in the region. According to a June 30 statement, the government of Hong Kong has formed a task force comprising 15 industry participants and [...]
The post Hong Kong establishes task force to advance Web3 development appeared first on Crypto Breaking News.
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