AAX Shuts Out Derivatives, Hopes For Normal Return
After suffering a cyberattack, the cryptocurrency exchange in Hong Kong is working toward the goal of raising sufficient funds to enable it to resume operations. The Hong Kong cryptocurrency exchange AAX announced in a statement that it would terminate off derivatives positions as part of its efforts to return to normal after a breach. The […]
Genesis Block To Cease Trading In Hong Kong
Genesis Block, a cryptocurrency trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday. Another crypto company is facing the market impacts of the current FTX incident. A leading provider of bitcoin retail services in Hong Kong, Genesis Block, has reportedly declared it will stop trading and shut […]
Hong Kong is Set To expand Crypto Rules
Hong Kong is “back in business,” and its finance chief said yesterday that they are looking into whether or not retail investors should be able to trade crypto. He said this at the start of a week of conferences meant to improve the territory’s image. In contrast to China, where crypto is almost completely outlawed, […]
Hong Kong To Usurp Singapore’s Retail Crypto Sector
Many places have had different reactions to the growth and rising use of cryptocurrencies. Some are going all in on the industry and its many opportunities by coming up with new ideas. But some people are going back on their steps in the crypto space by using stricter rules. Recently, there have been some interesting […]
Hong Kong to permit retail crypto trading
The government of Hong Kong is set to permit crypto trading for retail investors, this is an official step towards legalizing cryptocurrency in the country. On Monday, October 31, the Hong Kong government released a formal policy statement that will permit regional retail cryptocurrency trading. There have been some significant developments over the past week […]