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.
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members.
Hong Kong Institute of Bankers Onboards Six Virtual Banks as Members
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...
IDEG, Coinbase Custody Launch Bitcoin Trusts in Apparent First for Asia
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...
Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account
Hong Kong rolls out a new framework for crypto exchanges, which could establish an important precedent for the local market.
Hong Kong’s New Criteria on Crypto Exchanges Actually Isn't Important
Softbank-backed Chinese fintech OneConnect has filed for an Initial Public Offering with the United States Securities and Exchange Commission.
Softbank-Backed Blockchain Firm OneConnect Eyes $100M Nasdaq IPO
Russia plans new law that would allow police to confiscate BTC, and China scraps plan to ban cryptocurrency mining.
Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10