Two AAX executives detained in Hong Kong
On December 23, Hong Kong police detained the founder of AAX crypto exchange, Thor Chan, and the former CEO, Liang Haoming. According to local media sources, the Hong Kong police detained two executives of the cryptocurrency exchange AAX on charges of fraud and misrepresenting the police. On December 23, police detained former AAX CEO Thor […]
G-Rocket to attract 1,000 Web3 start-ups over 3 years
Hong Kong legislator firm G-Rocket is aiming to attract 1,000 Web3 start-ups to the city-state and will help them with necessary funding over the next three years. JonnyNg Kit-Chong, a member of the Hong Kong Legislative Council, is a co-founder of a start-up accelerator that aims to lure 1,000 Web3 companies to the city-state over […]
Hong Kong crypto futures ETFs raise over $70M ahead of debut
The CSOP Bitcoin Futures ETF has raked in $53.8 million, while the CSOP Ether Futures ETF has collected $19.7 million in initial investments. Before their Dec. 16 registration on the Hong Kong Stock Exchange, cryptocurrency futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments. In an announcement, the ETF […]
SEBA Bank partners with HashKey for institutional crypto adoption
HashKey Digital Asset Group and SEBA Bank have signed a partnership as they look to help accelerate adoption of digital assets in Hong Kong and Switzerland. Two companies that are focused on digital assets will collaborate to hasten the adoption of digital assets by institutions as the crypto winter slows down advancements in the area. […]
Hong Kong working on investor protection regulations
Hong Kong central bank executive is optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts. Global governors of central banks are currently meeting in Thailand to examine the function of central banks in the context of developing financial technology. The Bank of Thailand (BOT) and the Bank for […]