In the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government’s forward-looking stance on the cryptocurrency assets, but its stringent requirements – similar to how it regulated other virtual assets – could be a double-edged sword in the near term. “Regular independent audits and…
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
The Hong Kong Securities and Futures Commission (SFC) announced new regulatory guidance permitting licensed Virtual Asset Trading Platforms (VATPs) and exchange-traded funds (ETFs) to offer staking services. This initiative is part of Hong Kong’s broader roadmap to establish itself as a significant player in the crypto sector. The SFC emphasized the growing demand from investors…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
The outgoing chairman of Hong Kong’s Securities and Futures Commission (SFC) believes the city will reassert itself as a world-leading venue for new share offerings, as listing reforms expected to be unveiled on Friday will attract more mega deals. “It is highly likely that Hong Kong can reach a higher ranking in the initial public…
Hong Kong to Expand Licensing for Crypto Exchanges by Year-End Hong Kong’s Securities and Futures Commission (SFC) is set to issue more licenses for crypto exchanges and digital asset firms by the end of year. This announcement comes as the regulator aims to enhance compliance among Virtual Asset Trading Platforms (VATPs) operating in the region….
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…