Opinion
From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?
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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.
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According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO.
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The Hong Kong Securities and Futures Professional Association also suggested that the region’s authorities could implement Islamic Banking.
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Authorities in Hong Kong confirmed 145 users were scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million of lost funds.
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The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million.
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HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said.
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Interactive Brokers Hong Kong has been approved for virtual asset trading by retail clients in Hong Kong, its regional managing director announced.
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The COVID-19 pandemic significantly increased broad-spectrum antibiotic prescriptions, leading to antibiotic resistance development within superbugs.
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BC Technology Group, the operator of Hong Kong’s publicly listed crypto exchange OSL, has raised $90 million in subscriptions for new shares from BGX.
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Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
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Hashkey Capital partner of liquids funds and research, Jupiter Zheng, says the crypto sector in Hong Kong is now primed for significant growth over the next four to five years.
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Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud.
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The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees.
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“The next step for the crypto market depends on a refresh of the Bitcoin network,” wrote founder Wang Feng.
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SEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval to offer virtual asset trading services by August 2023.
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