City Hong Kong Financial News
19.09 / 08:01
Ethereum
regulation
Hong Kong Regulator Hosts Top Ethereum Researcher Justin Drake, Asks Him to Extend Invitation to Buterin
Hong Kong legislator Johnny Ng has met with Justin Drake, a top Ethereum researcher, asking him to extend an invitation to Vitalik Buterin and other core members of the Ethereum Foundation.
19.09 / 06:25
crypto regulation
JPEX
saga
Hong Kong’s Chief Executive Calls for Tighter Crypto Regulations Citing JPEX Saga
Hong Kong’s Chief Executive John Lee called for tighter regulations on crypto trading citing the recent alleged rugpull by the unlicensed crypto exchange JPEX.
18.09 / 19:55
Citi
Platform
Entertainment
Strategy
Interface
social
Influencer
Crypto Influencer Arrested by Hong Kong Authorities in JPEX Probe
Hong Kong authorities have apprehended social media influencer Joseph Lam (Lin Zuo) for his involvement in the troubled JPEX exchange.
18.09 / 14:29
18.09 / 13:49
UPS
IPO
Lowe's
Strategy
performer
country
pension
Why Canada's pension plan is standing by its $52-billion bet on China while other investors flee
In 2011, three years after opening an office in Hong Kong, the Canada Pension Plan fund invested in a fast-growing e-commerce company in the city of Hangzhou, China, that would have been unfamiliar to most Canadian pensioners at the time.
18.09 / 09:37
business
regulation
Police
Influencer
Crypto influencer arrested in Hong Kong for JPEX association
A Hong Kong-based social media influencer has reportedly been arrested after investigations around the liquidity crisis of the crypto exchange JPEX traced back their involvement.
18.09 / 08:18
SFC
JPEX
Suspends
Investigations
Crypto Exchange JPEX Suspends Earn Trading Amid Ongoing Investigations in Hong Kong
Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police and the financial regulator over suspected fraud.
18.09 / 02:27
18.09 / 02:27
Lowe's
NIFTY
performer
country
Asian stocks
Asian stocks dip ahead of Fed, Hong Kong shares slump
Investing.com-- Most Asian stocks fell on Monday as investors remained broadly risk-off before a string of major central bank rate decisions this week, with the Federal Reserve being the main point of focus.
18.09 / 01:55
business
Law
regulation
JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.
17.09 / 23:07
Blockchain
regulation
Central Bank
banking
Hong Kong central bank warns against crypto firms using banking terms
The Hong Kong Monetary Authority (HKMA) has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws.
17.09 / 11:07
Blockchain
regulation
Central Bank
banking
Hong Kong central bank warns against crypto firms using banking terms
The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws.
15.09 / 17:41
Blockchain
UPS
Twitter
Reuters
Digital
Platform
social
Blockchain analysts suspect North Korea-linked hackers behind $70-million crypto theft
Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange's crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a «small portion» of its total assets.
15.09 / 17:33
crypto regulation
Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services.
15.09 / 17:13
CEO
Airlines
Boeing
Vistara to start direct flights on Delhi-Hong Kong route from Oct 29
Vistara will start direct flights between the national capital and Hong Kong from October 29.
15.09 / 13:21
business
regulation
exchanges
Warning
JPEX increases withdrawal fee to almost $1k after warning from Hong Kong's watchdog
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore.
15.09 / 13:19
Ethereum
Vitalik Buterin Advises Caution: Evaluate Hong Kong's Crypto Friendliness for Long-Term Presence
Ethereum (ETH) co-founder Vitalik Buterin has issued a word of caution to cryptocurrency projects considering establishing their operations in Hong Kong.
15.09 / 11:43
COST
Citi
country
Pakistan struggles to pay salaries to overseas diplomatic staff due to dollar shortage
According to the report, Pakistan's finance ministry has cited the exhaustion of the country's foreign exchange reserves as the reason for being unable to release salaries, extending the financial strain into September. This situation poses a significant challenge to officials working in costly cities like Washington, DC, and Hong Kong, as well as Singapore, as they face the prospect of going without salaries for yet another month. Top officials have confirmed, «The press attaches working in Washington, DC, and Hong Kong, as well as the press counsellor deputed in Singapore, continue to live without salary since June.» This is not the first time that Pakistan, facing financial constraints, has encountered difficulties in disbursing salaries.
15.09 / 10:05
regulation
Web3
politician
Hong Kong politician responds to Vitalik's comments about crypto-friendliness
Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” toward cryptocurrencies.
15.09 / 07:47
Adoption
regulation
ATM
Top crypto
Hong Kong retains top crypto-ready position for two consecutive years
Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row.
15.09 / 05:05
Crypto regulations
Hong Kong Lawmaker Addresses Vitalik Buterin’s Concerns on City's Crypto-Friendliness
Hong Kong legislator Johnny Ng has extended an invitation to Buterin to gain a firsthand understanding of the region's regulatory environment and crypto-related strategies after the Ethereum co-founder questioned the city's crypto-friendliness.
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