Hong kong Police Issue Warning of Fake Banknotes
Hong Kong authorities have seen an increase in fake banknotes that are being distributed through cryptocurrency frauds. A local source states that 3,396 counterfeit notes were found by the Hong Kong police between January and April of 2024. The total face value of the counterfeit goods was HK$2.55 million, or around $326,130. More specifically, the […]
Hong Kong Set to Trail Digital Currency for Mortgage Pricing
Hong Kong is about to launch a second trial of retail e-HKD for mortgage distribution and pricing. According to the South China Morning Post, the Hong Kong Monetary Authority (HKMA) is getting ready to start a new round of testing for its virtual currency, e-HKD. The HKMA intends to test e-HKD this time around with […]
Gate.HK Closes Due to Hong Kong Crypto License Requirements
Gate.HK closed after failing to meet Hong Kong’s new crypto licensing requirements effective June 1. The Gate is a Hong Kong-based cryptocurrency exchange.HK ceased operations on June 1 after failing to comply with the forthcoming local licensing requirements. All cryptocurrency exchanges in the region were required by the Hong Kong Securities and Futures Commission (SFC) […]
Hong Kong Ether ETFs See Record Daily Inflow Since Launch
Hong Kong Ether ETFs witness record inflow, possibly expecting US SEC approval. Trade volume boosts institutional interest. The spot ether exchange-traded funds (ETFs) introduced by Chinese fund manager ChinaAMC considerably increased daily inflows, totalling over HK$5 million (US$640,780) as of midday Wednesday. This follows the highest inflow of HK$3.77 million since the ETF’s inception on […]
Hong Kong PCPD Orders Worldcoin to Stop Operations
The Office of the Privacy Commissioner for Personal Data (PCPD) of Hong Kong states that Worldcoin’s activities contravene the Privacy Ordinance and orders it to stop The Privacy Commissioner, Chung Liling, served the Worldcoin Foundation with an enforcement notice on May 22. The notice mandated the prompt cessation of all Worldcoin project activities in Hong […]