Hong Kong Financial News

Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development.

“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. 

Crypto exchange Huobi is moving forward with its Hong Kong expansion plans. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Hong Kong’s ambition to become a crypto hub may not be sustainable, according to a Chinese crypto veteran whose digital asset business in China was overturned by a regulatory crackdown. 

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.

The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.

Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Despite a «wild year» of scandal and failure in 2022 when the FTX exchange and a number of crypto dealers collapsed, Peter Smith, chief executive of London-based Blockchain.com, told the Qatar Economic Forum that there is now «real growth» in the crypto community. Smith, who said nearly a decade as head of Blockchain.com had left him with «no nerve endings», told how other countries were taking advantage of the void left by the US where some regulators were «openly negative about crypto». While some US legislators want to see rules for a cryptocurrency market, regulators there have taken a tough line because of fears of money laundering and scams such as the FTX collapse. Former FTX chief Sam Bankman-Fried is due to go on trial in New York in October.

The Floki price spiked double digits this weekend following the meme token appearing on Chinese television, on a 'powered by Floki.com' billboard for the World Table Tennis Championships. Could it overtake Pepe?

The Beijing Municipal Science and Technology Commission has released a white paper in a bid to foster innovation and development within the Web3 industry.

The Hong Kong Police Force has launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse. 

Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry.

The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse.

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC.

Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

As the Ripple vs. SEC lawsuit edges closer to a resolution, the crypto industry is watching with bated breath, as traders lean short - could there be turbulent times ahead for XRP price prediction?

A segment on Chinese state television about crypto has caught the attention of the cryptoverse, with Binance CEO Changpeng Zhao (CZ) pointing out that similar reporting in the past has triggered bull runs.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.