Tag Archives: hong kong

Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%.Fidelity Doubles-Down On Investing In A Crypto FirmBloomberg reported in February last year that Fidelity International had acquired a $14.2 million stake in BC Technology Group Ltd. – the operator of one...

Hong Kong says that it is looking to regulate all crypto activity from here on out. This is a massive distancing of itself when compared with the activity occurring in mainland China, which has largely sought to ban crypto activity outright.Hong Kong Is Changing Its Attitude Towards CryptoHowever, Hong Kong is looking to be a separate entity given the amount of protests regarding Chinese government interference that has taken place over the last two years. Thus, it makes sense that whatever...

Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nation’s financial watchdog plans to release a new regulatory framework. The Hong Kong’s Securities and Futures Commission (SFC) announced that it plans to regulate all cryptocurrency exchanges in the country, Reuters reported Tuesday. Hong Kong has struggled in the past with unclear rules for crypto exchanges. After a first failed attempt in 2018, the country published an...

There is a new form of crypto fraud making its way throughout Hong Kong – one that has led to tens of millions of dollars being stolen.Hong Kong Is the Center of a New Kind of Crypto ScamThe idea of striking it rich in crypto has been around for some time. Unfortunately, many are so taken by this possibility that they are unable to see the red flags staring them in the face when they enter a new business venture. However, at the time of writing, the scam does not appear to be business or...

Merely weeks after the launch of John McAfee’s privacy token GHOST, the coin is already seeing real-life utilization in Hong Kong Disneyland.The team behind the project also announced several upcoming features, including a “decentralized crowdfunding” platform and the release of the GHOST Cell Phone Service beta.GHOST Usage In Hong KongThe former antivirus software tycoon and popular cryptocurrency proponent John McAfee announced its newest digital asset endeavor in April. Called GHOST, it’s...

The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly.Unregulated Cryptocurrency Bookmakers Pose A ThreatHong Kong Jockey Club is one of the oldest racing establishments in the country. Its executive manager of racing integrity and betting analysis, Tom Chignell, recently spoke about...

The central banks of Hong Kong and Thailand revealed today in a published report that they are a step closer to creating a joint Central Bank Digital Currency (CBDC) to facilitate efficient payments between the two countries.The banks confirmed that the upcoming CBDC dubbed Project Inthanon-LionRock is technically feasible and will utilize the blockchain technology to make cross border settlements more transparent and cheaper with reduced risks. CBDC Could Streamline Global PaymentsThe Hong...

Über 10'000 Teilnehmer auf der Veranstaltung Chain 2020 in Hongkong zur Förderung von Blockchain-Initiativen erwartet Über 10’000 Teilnehmer werden auf der Chain 2020, die am 15. Januar 2020 in Hongkong stattfinden wird, erwartet. Die Veranstaltung besteht aus einer Reihe von Bildungskonferenzen mit Schwerpunkt auf Blockchain- und FinTech-Technologien und verwandten Themen. Sie ist gedacht für Unternehmer und Beamte sowie Einzelpersonen,...

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules.With so many different sorts of regulations being forced on the crypto market, let’s dive into what’s to come, what could be the change, and ultimately – is it good or bad for Bitcoin and the...

Indian banks may start turning down potential customers, because of their religion, as per a recent report. Furthermore, protesters in Hong Kong are boycotting one of the largest banks in the country, HSBC, due to the latest alleged political arrests. Naturally, among economic and financial turmoil of the kind, it’s hard not to bring Bitcoin’s decentralized nature, which solves all of the above issues.Banks To Judge By Religion?According to a recent local report, Indian citizens who want to...