Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange. Traders Must Meet $1 Million Portfolio Requirement: SFC On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with…
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Hong Kong’s financial watchdog confirmed Monday that it would publish the list of cryptocurrency trading firms that have applied for licenses to operate in the Chinese territory, in the wake of the JPEX scandal. The Securities and Futures Commission (SFC) will reveal the list following public demand, Julia Leung Fung-yee, CEO of SFC, said during…
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In response to the ongoing HK$1.3 billion scandal in which Hong Kong police have asked telecom service providers to block access to JPEX’s website, resulting in the arrest of three additional individuals suspected of conspiracy, JPEX has put forth a new dividend plan for its investors…. Read More: JPEX Floats “DAO Stakeholder Dividend Plan” for…
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SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month. The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets. On Aug. 30, SEBA Hong Kong said…
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The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement. As part of Hong Kong’s ongoing commitment to embrace the “megatrend” of Web3 development, it has established a diverse group of industry and government officials to supervise the progress of Web3 in the region. According…
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Hong Kong’s HashKey recently received a number of licenses from local regulators, allowing it to expand its range of products and services. Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors. In an April 14 announcement, HashKey cited “significant demand from investors to access…
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Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so. More than 80 virtual asset-related firms across Mainland China and foreign nations have expressed interest in establishing a presence in Hong Kong, amid efforts from the city to become a…
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The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time…
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