Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin I...
The largest virtual bank in Hong Kong, ZA Bank, broke new ground earlier today by offering exclusive reserve bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory advancements in cryptocurrency. This initiative is part of the territory’s new stablecoin licensing regime, which requires crypto stablecoin operators to deposit reserve assets […]
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Hong Kong’s Securities and Futures Commission (SFC) has issued guidelines to allow crypto platforms and funds in the jurisdiction to offer staking services. The new rules are part of the regulator’s roadmap to develop Hong Kong’s digital assets ecosystem. Related Reading: Conor McGregor’s Memecoin Taps Out—Failed Launch Sparks Refund Pledge Hong Kong Allows Crypto Staking […]
SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows the bank to offer over-the-counter crypto derivatives and other products in Hong Kong. Also, SEBA Hong Kong said it […]
Hong Kong’s stablecoin hub dreams have reportedly taken a hit after the People’s Bank of China (PBOC) singled out the sector for the first time while reaffirming its long-standing position on the crypto industry. Related Reading: Lazarus Group Tops Global Hack Mentions As Spear Phishing Attacks Surge Beijing’s Latest Warning Targets Stablecoins Legal experts and […]
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading.In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui said that the proposal was in line with the government’s plan to properly police the emerging crypto market.As previously reported by Cointelegraph, the FSTB issued a proposal after months of consultation,....