HSBC Hong Kong to Permit Investing in Virtual Assets
According to Sami Abouzahr, head of HSBC’s investments in Hong Kong, asset tokenization is one of this year’s key priorities. HSBC Hong Kong will heavily prioritize asset tokenization in the current year as part of the bank’s development plan. The head of investments and wealth solutions at HSBC Hong Kong, Sami Abouzahr, disclosed to the […]
Hong Kong Gov’t Allocates $383M AI Subsidy Fund for Cyberport
The Hong Kong government has decided to allocate $3 billion Hong Kong dollars ($383 million) to its Cyberport business park as part of a three-year artificial intelligence (AI) subsidy program. The statement was made on Wednesday, February 28, during the budget announcement for 2024. The program aims to assist local enterprises, universities, and research institutes […]
Matrixport Seeks Virtual Asset Trading License in Hong Kong
Matrixport, a leading crypto company, has applied for a virtual asset trading license from the Hong Kong securities regulator as part of its efforts to comply with the new regulatory framework for digital assets. On February 26, the company applied for a virtual asset trading license to the Hong Kong Securities and Futures Commission (SFC). […]
HTX Applies for VATP License in Hong Kong
On February 20, HTX submitted an application for a cryptocurrency license for its Hong Kong local branch, intending to run HBGL Hong Kong Limited there. The cryptocurrency exchange HTX, formerly Huobi, has added itself to the list of applicants requesting authorization to begin operating in Hong Kong. As to the website of the Securities and […]
Hong Kong SFC Sees Increase in Crypto License Applications
The Hong Kong Securities and Futures Commission (SFC) has received 18 applications for crypto virtual asset trading licenses from domestic and international bodies in over two months. Hong Kong SFC granted Huobi HK, the Hong Kong subsidiary of the Huobi cryptocurrency exchange, a license to operate a trading platform for virtual assets on February 20, […]