Huobi reportedly plans crypto ETF launch in Hong Kong
Huobi technologies a subsidiary of Huobi Global is proposing to develop an exchange-traded fund (ETF) that will track popular cryptocurrencies in Hong Kong. Huobi has written to the Securities and Futures Commission (SFC) in Hong Kong , stating that the ETF will be structured in such a way that it will be accessible to retail […]
Hong Kong VC firm, CMCC global seeks $300M for new crypto fund
Hong Kong has long been regarded as one of the world’s most important financial centres, and as the world of cryptocurrency has evolved, the country has seen an increase in the number of crypto fans. The firm’s most recent crypto fund was formed just six months ago and has close to $90 million in assets […]
Powercrypto Holdings sets to debut crypto mining in Hong Kong
Powercrypto Holdings, a subsidiary of blockchain software company Powerbridge Technologies, has announced the beginning of a sustainable cryptocurrency mining program in Hong Kong for Bitcoin (BTC) and Ether (ETH). The company intends to install a total of 2,600 first-grade mining rigs, which will include 600 BTC mining machines with a hash rate of 60 PH/s […]
Hong Kong is exploring the possibility of a Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA) launched an official white paper on Monday investigating the possibility of the digital Hong Kong dollar (e-HKD), a retail-focused central bank digital currency (CBDC) . According to the document, the HKMA will look into “potential architectures and design options” from a technical and regulatory policy standpoint, with the goal […]
Hong Kong’s SFC proposes tighter regulations of crypto trading
Hong Kong’s Securities and Futures Commission (SFC) believes that crypto trading require extra supervision especially in the area of unlicensed trading. A top official with Hong Kong’s Securities and Futures Commission believes that more has to be done to combat cryptocurrency fraud, hinting at future guidelines on digital asset trading in the special administrative region. […]