News
Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities.
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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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Healthcare professionals in Hong Kong will trial the COVID-19 Digital Health Passport. Later on, patients will be able to access the passport through a mobile app.
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Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts.
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Hong Kong citizens are using a blockchain system to fight back against the government’s attempts to erase and overwrite the history of recent years’ anti-authoritarian struggles.
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Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city.
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Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature.
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The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said.
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The Series A round underscores growing investor appetite for crypto-focused institutional offerings.
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Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in its latest successful anti-smuggling action.
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The digital yuan continues to develop apace.
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Meitu chief financial officer Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company.
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Chinese tech company Meitu has dropped another $50 million on ETh and BTC, taking its total holdings up to $90 million.
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Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.
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A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong.
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Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
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