Hong Kong fund intends to raise $100M to invest in Crypto
The new Hong Kong-based equity fund will support Web3 startups and concentrate on the local market. Local investors are forming a $100 million fund to finance the digital business as Hong Kong is once again opening up to the crypto market. ProDigital Future, a new fund, will target early-stage Web3 businesses focused on the local […]
OKX To Apply For Hong Kong VASP License
OKX exchange is about to submit an application for a virtual asset service provider (VASP) license in the SAR. The latest exchange to expand operations to cryptocurrency-friendly Hong Kong is OKX, which is the seventh-largest digital asset exchange in the world by trading volume. The Seychelles-based bitcoin (BTC) trading platform OKX announced in a press […]
Hong Kong crypto companies notice interest from Chinese banks
Chinese state-owned banks have reportedly proven to surprise supporters of cryptocurrency companies by setting up shops in Hong Kong. Chinese state-owned banks have reportedly proven to be surprise supporters for cryptocurrency companies setting up shop in Hong Kong ahead of the implementation of a new licensing regime for cryptocurrency exchanges in June. Bloomberg reported on […]
Australian crypto exchange considers Hong Kong setup
Independent Reserve, an Australian cryptocurrency exchange, is exploring the possibility of establishing a presence in Hong Kong as the city shows a “friendly” licensing regime towards crypto and cryptocurrency businesses. In an effort to become Asia’s next crypto hotspot, the Hong Kong Securities and Futures Commission (SFC) on February 20 suggested a licensing scheme for […]
Many crypto firms seek presence in Hong Kong – Financial Secretary
According to the Secretary for Financial Services and the Treasury in Hong Kong, more than eighty (80) virtual asset/crypto-related businesses have expressed interest in establishing their presence in the city. Christian Hui, the Secretary for Financial Services and the Treasury indicated in a March 20 address in Hong Kong that Hong Kong has attracted “interest” […]