Chinese state-owned enterprises operating in Hong Kong face new restrictions regarding cryptocurrency and stablecoin activities. The directive aims to shift these firms’ focus away from digital assets towards […]
China’s Hong Kong Crypto Crackdown: Impact on Digital Finance
Hong Kong, the global financial hub, has experienced a significant shift in its digital landscape with Beijing enacting a comprehensive ban on crypto-related businesses. The directive specifically targets […]
Internet Giants Pull Back From Hong Kong’s Crypto Stablecoin Licenses
Major Chinese tech companies are reportedly scaling back their involvement in Hong Kong’s cryptocurrency market. This move follows increased regulatory pressure and uncertainty following China’s 2021 crypto ban, […]
Hong Kong Unveils Relaxed Capital Rules for Crypto Banking
Hong Kong’s Monetary Authority (HKMA) is proposing to ease capital requirements for banks working with certain cryptocurrencies. These new rules, currently in consultation, would allow banks more flexibility […]
Hong Kong Clarifies Crypto Asset Classification for 2026
The Hong Kong Monetary Authority (HKMA) has unveiled a new classification framework for crypto assets, aligning with Basel’s 2026 rules. This system divides crypto assets into four distinct […]
Hong Kong Police Arrest Technicians Over Crypto Mining Operation
Two technicians in Hong Kong have been detained for allegedly using electricity from care homes to power unauthorized cryptocurrency mining operations. These illicit activities resulted in significant financial […]
Hong Kong Eases Crypto Rules for Banks, Attracting Institutional Investors
Hong Kong’s Monetary Authority (HKMA) has proposed easing capital rules for banks dealing with crypto assets by 2026. This initiative aligns with updated Basel Committee on Banking Supervision […]
Hong Kong Streamlines Crypto Regulations, Lowering Capital Demands
Hong Kong is taking steps to loosen its grip on cryptocurrency regulation by reducing capital requirements for banks dealing with digital assets. This move aligns with global standards […]
Hong Kong Eases Crypto Capital Rules for Banks, Opening Doors for Innovation
Hong Kong is taking a bold step forward by easing capital requirements for banks involved in cryptocurrencies. This move reflects the city’s dedication to fostering a thriving digital […]
Hong Kong Approves Collaboration Project Connecting DigiFT, Chainlink, and UBS
The innovative collaboration project between digital asset trading platform DigiFT, blockchain provider Chainlink, and Swiss bank UBS has received approval from Hong Kong’s Cyberport and the Digital Asset […]
Hong Kong to Relax Crypto Banking Rules: Lower Capital Requirements Looming
Hong Kong’s Monetary Authority (HKMA) is poised to ease capital requirements for banks holding cryptocurrencies. Local reports indicate the HKMA has circulated a draft proposal, integrating global Basel […]
Hong Kong Eases Crypto Rules for Banks, Signaling a New Era in Finance
Hong Kong is poised to reshape the global financial landscape with a groundbreaking move to ease crypto regulations for its banking sector. This bold shift signals a commitment […]
China Real Estate Investment Soars Following New CEO Appointment
The stock price of China Real Estate Investment (00736.HK) has surged significantly, increasing nearly 43% following the appointment of Zheng Huajiang as the CEO of its subsidiary. This […]
Yunfeng Financial Stock Soars Following Strategic Partnerships
Yunfeng Financial’s stock price saw a significant surge of over 7% on Hong Kong exchanges, reaching 4.23 HKD as trading continues. This upward movement coincides with the company’s […]
Hong Kong Arrests Two Men Over Cryptocurrency Mining Electricity Theft
Two individuals have been arrested in Hong Kong for allegedly installing cryptocurrency mining equipment at a facility serving disabled individuals. The machines were connected to the facility’s power […]