Tag Archives: hong kong

Hong Kong’s position as an upcoming hub of crypto businesses is being increasingly noticed and discussed in the relevant circles. In a tweet, Coinbase CEO Brian Armstrong referred to the city-state to stress that the United States may lose its position as the financial hub of the world for lacking crypto regulations. Armstrong Calls for Regulations “America risks losing it’s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from...

Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space. Tron founder Justin Sun, who has a history of hyping the industry, also said China could embrace the asset class, especially after the implementation of a tax...

Regulators in Hong Kong will soon decide which crypto tokens its citizens can invest in amid a raft of new digital asset policies coming this year. The move is the latest crypto regulatory step taken by Hong Kong in a market that has a long association with significant digital asset trading volume. Hong Kong to Issue Consultation Paper Hong Kong’s Securities and Futures Commission (SFC) is preparing a list of crypto assets open to retail traders, Reuters reported on...

The blockchain gaming platform Animoca Brands seeks to raise around $1 billion for its latest Web3 and Metaverse investment fund during the year’s first quarter. The initiative comes in spite of the market decline and the FTX crash, which have vaporized much of the interest in cryptocurrencies.  Special Attention on Web3 The Hong Kong-based Animoca Brands seeks to double down on its Web3 endeavors by raising $1 billion to support blockchain and Metaverse startups. Chairman...

Erste ETFs auf Bitcoin und Ethereum in Hongkong. Ist das endlich der Durchbruch bei der Adoption von Bitcoin? Noch kurz bevor die ersten Bitcoin- und Ethereum-ETFs an der Hongkonger Börse notiert wurden – am 16. Dezember – sammelte der Vermögensverwalter CSOP Asset Management 79 Millionen US-Dollar ein an Investitionskapital für die neuen ETFs ein. Dies stellt einen Durchbruch für die Branche in einem vielversprechenden Markt dar – trotz der durch...

Amber Group – a cryptocurrency platform backed by Singapore’s investment company Temasek – completed a $300 million funding round. The money will be distributed to clients affected by the FTX collapse.  The company, which had to cope with severe issues due to the ongoing bear market, recently acquired the Singaporean exchange – Sparrow Holdings. Trying to Reimburse Victims As announced on Twitter, the Series C fundraiser was led by Fenbushi Capital US. Amber Group said the...

Hong Kong’s legislative council has added a new amendment to the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 to accommodate the cryptocurrency industry. The legislation will essentially introduce a licensing regime for virtual asset service providers (VASPs). Hong Kong’s Licensing For VASPs Under the new additions, VASPs seeking to start operations in the region will have to undergo a licensing procedure complying with AML guidelines and...

Tiantian Kullander – Co-Founder of the crypto firm Amber Group – unexpectedly passed away in his sleep at the age of 30. The bear market negatively affected his firm, which had to dismiss around 10% of its staff earlier this year. In addition, Amber Group recently revealed it had been an “active trading participant” on the bankrupt crypto exchange FTX. It remains unknown whether his death has some connection to the aforementioned events.H However, he’s not the only one with...

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...

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...