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.
The Series A round underscores growing investor appetite for crypto-focused institutional offerings.
Babel Finance raises $40M to expand crypto offerings
Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in its latest successful anti-smuggling ...
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
The digital yuan continues to develop apace.
Hong Kong and China test cross-border digital yuan, says PBoC official
Meitu chief financial officer Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company.
Coinbase handled trades and custody for Meitu's $90M crypto investment
Chinese tech company Meitu has dropped another $50 million on ETh and BTC, taking its total holdings up to $90 million.
Asia’s MicroStrategy? Meitu drops another $50M on ETH and BTC
Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.
The number of Bitcoin ATMs in the US rose 177% over the past year
A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong.
Huobi secures crypto asset management license in Hong Kong