BitgetX Joins HKVAC to Obtain an Exchange License in Hong Kong
BitgetX, the Hong Kong division of cryptocurrency exchange Bitget, joined the Hong Kong Virtual Asset Consortium (HKVAC), which offers rating services and indexes to cryptocurrencies. The HKVAC, established on May 31 with Huobi as its first member, will create two indices. A seven-day median, additional criteria, and quarterly rebalancing will be used to determine the […]
Circle Plans to Expand its Market Throughout Asia
Circle, a cryptocurrency startup known for creating the stablecoin USDC, is planning to expand in Asia, focusing on Hong Kong. CEO Jeremey Allaire expressed the company’s intentions during an interview with Bloomberg Television at the World Economic Forum in Tianjin, China. Allaire highlighted the strategic importance of Hong Kong in the digital currency landscape, especially […]
HSBC Approves Bitcoin, Ethereum ETF Trading in Hong Kong
HSBC Holdings plc, the largest bank in Hong Kong, has become the first bank in the region to offer crypto trading services to its customers. This move comes in response to the growing demand for cryptocurrency investments and the Hong Kong government’s interest in digital assets. Starting on June 26, customers of HSBC can buy […]
Hong Kong’s Cyberport Sees Web3 Boom with Government Help
Cyberport, a government-backed tech hub in Hong Kong, has seen a surge of over 150 web3 firms joining its ecosystem in the past year. The Finance Secretary has allocated $6.39 million to Cyberport to foster web3 innovation, as Hong Kong aims to be a global leader in the digital economy. Cyberport is a digital hub […]
Hong Kong’s Web3 Sector Becomes Short of 100,000 Workers
Wu Jiezhuang, a member of the Hong Kong Legislative Council and co-founder of G-Rocket, an incubator firm, recently addressed the shortage of Web3 talent in the region. In an interview with the Chinese-language crypto newspaper Chain Catcher, Jiezhuang discussed various topics, including G-Rocket’s recent progress, the impact of Hong Kong’s Virtual Assets Service Provider (VASP) […]