Tag Archives: hong kong

Hong Kong grants licenses to four more crypto exchanges, aiming to become a global crypto hub with efficient licensing processes. Hong Kong is taking significant steps to establish itself as a global crypto hub by granting licenses to four more crypto exchanges. The Securities and Futures Commission (SFC) approved licenses for Accumulus, HKbitEX, DFX Labs, and EX.IO. These licenses came after on-site inspections when the exchanges responded to the regulator. Before that, licenses were...

Animoca Brands – the Hong Kong-based Web3 giant – led the venture landscape in October, signaling broader ambitions across different sectors. Messari reported that Animoca made nine investments, surpassing other active entities such as CMS Holdings, which made seven, and Hack VC with six. Animoca Brands Pushes Venture Limits in October Traditionally known for its focus on gaming and digital collectibles, Animoca expanded its scope this month. According to Messari’s data, the...

The growing tokenized funds sector could see its value reach $600 billion in the next six years, according to a whitepaper jointly released by Boston Consulting Group (BCG), Aptos Labs, and Invesco. Currently, the tokenized assets market, representing tangible resources such as real estate, art, and traditional securities on a blockchain, boasts more than $2 billion in assets under management (AUM), with future growth expected to accelerate as on-chain finance matures....

The Hong Kong Police Force (HKPF) has dismantled a massive cross-border fraud operation that used deep fake technology to con men into phony cryptocurrency investments. The scam targeted men through fake online romances, with the victims reportedly being conned out of approximately $46 million. 27 Arrested in Raid on Fraud Center Local media reports revealed that the police identified a group operating from a fraud center located in a Hung Hom industrial unit between August...

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Futu Securities International – the largest online broker in Hong Kong – has started offering retail cryptocurrency trading in the city-state. The latest move involves attracting investors with shares of Alibaba Group Holding and Nvidia. Residents of Hong Kong can now trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange, one of the only two licensed cryptocurrency exchanges in Hong Kong, to offer crypto...

Hong Kong native and crypto promoter Wong Ching-kit has entered the radar of the International Criminal Police Organization (Interpol) for his suspected role in several criminal cases, the latest being a cryptocurrency scam involving over HK$3 million ($384,310). According to a report from the South China Morning Post, Interpol has issued a red notice against Ching-kit, alerting global law enforcement that he is wanted for one count of fraud and two counts of theft in Hong...

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Three individuals have been arrested by the Hong Kong police suspected of defrauding a businessman out of HK$3.11 million, worth around $399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. The officers reportedly confiscated 10,978 fake HK$1,000 banknotes during a raid on the Mong Kok office, where the fraudulent transaction took place last week. Cryptocurrency Fraud Bust A source told the South China Morning Post that the 44-year-old...

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