Tag Archives: sfc

CoinspeakerHong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases This new software, FinTax, will make tax calculations for crypto assets easy. Hong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases

CoinspeakerHashKey Partners Aptos Foundation to Improve Blockchain Based on the published statement, HashKey DID integration will promote easy verification for users across different platforms. HashKey Partners Aptos Foundation to Improve Blockchain

CoinspeakerHong Kong SFC Warns Public against HKCEXP for Suspected Crypto Fraud  The SFC disclosed the exchange provided a fake address for its location in Hong Kong on its website to gain investors' trust. Hong Kong SFC Warns Public against HKCEXP for Suspected Crypto Fraud 

CoinspeakerHong Kong SFC Issues Warning against MEXC Crypto Platform for Unlicensed Activities Although MEXC faces no dire­ct allegations of wrongdoing, its past operations without appropriate lice­nses across various regions signal potential risks. Hong Kong SFC Issues Warning against MEXC Crypto Platform for Unlicensed Activities

Coinspeaker22 Crypto Firms Seek Operational Licenses in Hong Kong Jurisdictions like Hong Kong offer a middle ground, balancing investor protection with fostering innovation and economic growth. 22 Crypto Firms Seek Operational Licenses in Hong Kong

Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore.  As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block reported on Tuesday. Despite the many challenges faced in other jurisdictions around the world, there has been notable progress in the regulatory environment for the digital asset industry...

Regarding custody arrangements, the SFC emphasizes that the fund’s trustee or custodian can delegate its crypto custody function solely to an SFC-licensed VATP or entities meeting the crypto custody standards set forth by the HKMA. Hong Kong has announced its readiness to receive applications from traditional financial companies interested in exploring the emerging economy by creating exchange-traded funds (ETFs) tracking spot-based cryptocurrencies. The country already allows...

Hong Kong’s top financial regulator SFC shows willingness to allow retail players to gain access to spot crypto ETFs while ensuring that risks are addressed properly. Hong Kong regulators are assessing whether they can allow retail investors to seek exposure to spot crypto ETFs that directly invest in crypto assets. Julia Leung, the Chief Executive Officer of the Securities and Futures Commission said that the city is considering granting retail investors access to spot ETFs, contingent...

OSL exchange’s parent firm has denied reports that its on sale with an estimated valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, the parent firm of Hong Kong-based licensed crypto platform OSL, denied reports that the exchange is up for sale. BC Technology, the parent company of OSL, has refuted Bloomberg’s report on the pending sale as “factually inaccurate and highly misleading” in a statement filed with the Hong Kong Stock Exchange. As per the Bloomberg report,...

The Hong Kong Securities and Futures Commission, in their statement regarding the arrest of the alledged fraudsters, pointed out that JPEX was not licensed and lacked the authority to host a cryptocurrency trading platform within the community. Hong Kong police arrested six individuals in connection with allegations of fraud related to an unlicensed cryptocurrency exchange known as JPEX. According to the securities, this exchange was operating without the necessary license and...