News
Infini cited developer Chen Shanxuan and three unidentified persons as defendants in a lawsuit filed in Hong Kong.
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Hong Kong News
Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is an administrative district of China and one of the leading economic centers not only in Asia, but in the world. The main feature of the district is that it has the right to craft its own legislation. The economy of the territory has a free market, low taxes and governmental non-interference, all of which attracts people to use virtual currencies on the market. The attitude toward cryptocurrency differs between China and Hong Kong, as the first one has banned both the use of digital currencies as a payment and conducting ICO. In Hong Kong, there has not yet been any regulation of Bitcoin and the government doesn’t see any necessity for implementing any. The cryptocurrency market in Hong Kong has various platforms and projects, which makes this area very decent for related businesses.
- News
Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime.
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Animoca Brands co-founder and executive chairman Yat Siu expects continued growth through 2025 due to a more crypto-friendly regime in the US.
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Hong Kong’s Cyberport expands AI and Web3 research with $125 million in funding, boosting blockchain development and AI talent programs.
3934 - Event Recap
The Future of Mining event introduced Ledger’s security infrastructure to the Bitcoin mining ecosystem through a new partnership.
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Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.
4746 - News
The five-pillar ASPIRe strategy aims to tackle liquidity fragmentation, regulatory arbitrage and market volatility while fostering blockchain innovation.
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Hong Kong financial secretary Paul Chan Mo-po says an exciting upcoming development is the intersection of AI and blockchain, which he said would create more use cases.
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HK Asia Holdings Limited has seen its shares nearly double in a day after it shared that it had purchased a single Bitcoin.
14448 - News
The trio plans to launch a Hong Kong dollar-backed stablecoin and apply for a license under Hong Kong’s upcoming stablecoin bill.
2948 - News
HashKey, a licensed crypto exchange in Hong Kong, secured a $30 million investment from China-based VC firm Gaorong Ventures at a $1.5 billion valuation.
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Metaplanet, OSL Group and Boyaa led the crypto stock downturn as Bitcoin fell to $91,163 amid broader market fears over tariff trade wars.
13087 - News
Hong Kong’s Securities and Futures Commission has issued two new crypto trading platform licenses, bringing the total to seven since mid-2024.
6609 - Analysis
Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets.
4467 - News
The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials.
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