Category: Hong Kong

Hong Kong and Thai Authorities Sign Fintech MoU

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter, […]

Blockchain Investor Grandshores Tech Turns to Industrial Cannabis After Crypto Market Rout

Hong Kong-listed contractor turned blockchain investor Grandshores Technology — backed by the Hangzhou municipal government — plans to enter the medicinal and industrial cannabis market in a bid to counter the adverse impact of crypto winter. The development was revealed in a report from local English-language newspaper the South China […]

TUSD Creator Bets on Stablecoin Adoption and Announces Four New Tokens for Australia, Canada, Hong Kong and Europe

The increase in the price and trading volume of various cryptocurrencies has promoted a lot of activity around the market behavior and has again boosted people’s interest in these new technologies. Up until now, stablecoins have served not only to execute p2p transactions but as a way to “freeze” funds, allowing […]

APEJ to Spend $2 Billion on Blockchain by 2022

The Asia/Pacific, excluding Japan, is expected to increase their spendings on Blockchain solutions to over $2 Billion by 2022 according to an April 23, 2019 report by the International Data Corporation. An Asian Connection It is no secret that blockchain has many applications in both the business world and everyday […]

Hong Kong Restricts Bitcoin Mining, Will it Lead to a Change in Attitude Towards Crypto?

At the start of this month, James Lau, Hong Kong’s Secretary for Financial Services and Treasury, informed the Legislative Council that the purchase of mining equipment falls under the Trade Descriptions Ordinance. This move places restrictions on who can mine cryptocurrencies like bitcoin. But, does it also signal a change […]

Hong Kong: Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

The secretary of Hong Kong’s Financial Services and the Treasury has stated that crypto mining operations are regulated by local trading law. His written response to Hong Kong’s Legislative Council was published on Wednesday, April 3. The Council has solicited information about the risks and fraudulent activities related to cryptocurrencies […]

BC Group Unveils Insured Custody Offering for Asia-Based Crypto Investors

Hong Kong trading and asset management firm Branding China Group (BC Group) is launching an insured custody service for cryptocurrencies, the company confirmed in a press release shared with Cointelegraph on April 1. BC Group, which owns a portfolio of various blockchain companies, including cryptocurrency trading platform Anxone and digital […]

Hong Kong: ICO & STO Only For The Rich Investors With At Least $1M In Portfolio – The Type Of Regulation Crypto Really Needs?

Recently, China’s Beijing Finance Industry Association released a notice saying that all individuals and banks must stop engaging in ICO and STO activities, among other things that “encouraged speculation.” Termed “solicited illegal financial activities”, the notice released by the group revealed a strict view of fundraising mechanisms, specifically labeling them […]