UBS Joins HSBC in Launching Crypto ETFs in Hong Kong
In Hong Kong, UBS pioneers crypto ETFs through its partnership with HSBC, in line with the city’s drive to become a digital finance hub. UBS Group AG has taken an innovative step by permitting affluent clients in Hong Kong to invest in cryptocurrencies via exchange-traded funds (ETFs). Similarly to HSBC Holdings Plc, UBS permits access to […]
ApeFest Event Attendees Report ‘extreme pain’ and Visual Issues
Many attendees who reported eye problems were those who were “up close” to the lighting display on the main stage of the event, according to one attendee . The attendees of an ApeFest event hosted by Yuga Labs in Hong Kong on November 4 have reported experiencing burns, impaired vision, and “extreme pain” in their […]
Retail Spot Crypto ETFs Under Consideration in Hong Kong
Julia Leung, chief executive officer of the Securities and Futures Commission of Hong Kong, stated that the commission is contemplating retail investor participation in spot crypto ETFs, pending regulatory approvals. In pursuit of establishing Hong Kong as a digital assets hub in the Asia-Pacific region, regulatory bodies are presently contemplating permitting retail investors to purchase spot […]
Visa Completes Hong Kong CBDC Pilot Test with Local Banks
Visa has completed the e-HKD Central Bank Digital Currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank for the Hong Kong Monetary Authority. According to an announcement made on November 1, the e-HKD Programme involves the tokenization of deposits, in which the money entrusted with a bank is minted on the firm’s blockchain ledger, […]
Zodia Custody Expands to Hong Kong
Zodia Custody, a digital asset custody service provider backed by Standard Chartered, has reportedly expanded its operations in Hong Kong. The decision was made in response to the region’s institutional investors’ increasing need for services linked to cryptocurrencies. The platform provides institutional-grade solutions that adhere to international norms and laws to close the gap between […]