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Tag Archives: hong kong

Hong Kong goes Bitcoin?

Hongkong hat bisher eine eher kritische Haltung gegenüber Kryptowährungen an den Tag gelegt. Doch es tut sich etwas in der Stadt, die seit 1997 wieder zu China gehört. Möglich wird dies durch den Sonderstatus, den Hongkong noch immer innehat. Entsteht ein neues Bitcoin-Zentrum direkt vor der Haustür von China? Wege in die Freiheit – kann Krypto Hongkong helfen? Hongkong war über 150 Jahre lang britische Kolonie und wurde 1997 offiziell an China...

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Over Half of Surveyed Family Offices From These 2 Countries Have Invested in Crypto

A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their wealth in cryptocurrencies. At the same time, 34% of the non-investors intend to join the ecosystem in the near future. Almost Two-Thirds Are HODLers The survey revealed that bitcoin and ether are the most popular digital currencies among family offices and HNWIs based in Hong Kong and...

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Hong Kong Intends to Become a Crypto Hub, Could That Trigger Next Bull Run?

China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX – Arthur Hayes – the state’s vision and crypto adoption could propel a new bull market. What Is on the Agenda? A recent coverage by Bloomberg informed that Hong Kong’s authorities could enforce a friendly regulatory framework on cryptocurrencies in March 2023. Specifically, regulators...

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Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’

China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest Bitcoin mining firms. However, Beijing’s move to ban crypto trading and mining last year seemed poised to douse the entire domestic industry. Hong Kong, on the other hand, has always been China’s window to the world. According to Arthur Hayes, BitMEX co-founder, it is this deepwater port at the...

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SFC’s Executive: Hong Kong to Let Retail Investors Engage with Crypto Directly

Besides its political differences and leanings from China, Hong Kong is also seeking to create a different path for itself when it comes to its administration and regulation of digital currencies and the emerging Web3 world.Hong Kong, the special administrative city of China is pushing for new reforms that will position it as one of the most forward-thinking crypto-positive regions in the world. In one of its latest moves as affirmed by Elizabeth Wong, head of the fintech unit at the...

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Hong Kong’s C Capital to Raise $500 Million to Invest in Cryptocurrencies: Report

C Capital – a company established by Hong Kong billionaire Adrian Cheng – reportedly intends to raise $500 million to invest in digital currencies, credit, and private equity over the next year and a half. The firm thinks the cryptocurrency market has already bottomed, meaning that delving into it now is the perfect timing. ‘When People Are on Defense, We’re on the Offense’ According to a September 21 coverage by Bloomberg, C Capital plans to introduce a $200 million...

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Hong Kong Regulator Allows HashKey Capital to Manage a 100% Crypto Portfolio

HashKey Capital Limited – the investment arm of the finance company HashKey Group – received approval from Hong Kong’s Securities and Futures Commission (SFC) to manage a portfolio of 100% digital assets. The regulatory green light doubled down on the pro-crypto stance that the special administrative region of China has displayed recently. Not long ago, a study estimated that Hong Kong is the most crypto-ready nation. Diving Deeper Into Crypto According to a recent press...

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Seven Men from Hong Kong Arrested Following Alleged Kidnapping of Crypto Trader

Seven members alleged to be members of the Hong Kong triad have been arrested in connection with the kidnapping of a cryptocurrency trader. The trader was held last year for ransom that amounted to roughly $3.8 million USD. Seven Hong Kong Men Are Now Facing Life Imprisonment The men have been arrested in mainland China and will be handed over to authorities in their native Hong Kong at the Shenzhen Bay border control point this week. Some of the suspects that were...

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Huobi Firms Up Crypto ETF Plans for Retail Investors in Hong Kong

Huobi Technology plans to launch ETFs that track cryptocurrencies for retail investors in Hong Kong. The company has reportedly submitted its proposal to Hong Kong’s Securities and Futures Commission (SFC) and waiting for a nod. Huobi’s ETF Plans It intends to structure its ETFs such that they are “accessible to retail investors with less than HK$8 million (US$1 million) in assets,” said a report in the South China Morning Post. The existing law allows crypto exchanges and...

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