News
Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company.
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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
Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector.
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Arrano Capital, the blockchain arm of Venture Smart Asia, announced they had met the regulatory requirements in HK to launch a crypto fund.
9523 - News
Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019.
2484 - News
The U.S. Department of Homeland Security named blockchain managers as essential critical infrastructure amid the coronavirus lockdown.
4440 - News
Hong Kong and Abu Dhabi are the latest jurisdictions to amend their crypto regulations in light of the FATF’s recommendations.
3817 - News
Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees.
2847 - News
Fidelity International, a spin-off of the U.S. asset management giant, made a direct investment into Hong Kong-based digital asset platform operator BC Group.
3989 - News
A major Hong Kong crypto event, will be taking place half a year later due to the coronavirus outbreak.
4058 - News
Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.
4874 - News
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
4234 - News
The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members.
4559 - News
Digital asset manager IDEG is launching what it claims are Asia’s first Bitcoin trusts, with one actively-managed fund and another that gives exposure to mining revenues.
2223 - News
The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors.
4889 - Analysis
Hong Kong rolls out a new framework for crypto exchanges, which could establish an important precedent for the local market.
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