Hong Kong Financial News

11.05 / 10:47

Blockchain Adoption DLT National China launches national blockchain center to train half a million specialists

On May 10, the National Blockchain Technology Innovation Center, first announced in February, has officially started its work in the capital city of Beijing. The Center will collaborate with local universities, think tanks and blockchain businesses to develop blockchain implementation in China. The institution will reportedly train more than 500,000 specialists in distributed ledger technology (DLT).

11.05 / 09:47

IRS FTX Tax FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service

The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.

10.05 / 20:07

business Blockchain FTX IRS claiming $44B from FTX bankruptcy: Report

The United States Department of Treasury and Internal Revenue Service (IRS) have filed 45 claims worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries.

08.05 / 20:05

business regulation Machine Learning State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT

Iflytek, a state-subsidized Chinese artificial intelligence (AI) company, recently announced the launch of “Spark Model,” an AI system designed to compete directly with OpenAI’s ChatGPT.

08.05 / 03:13

business regulation Trading interview retail Bitcoin Regulation Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair

Crypto-friendly Hong Kong is still gung-ho about giving its citizens access to crypto trading despite other jurisdictions “taking a step back,” claims the chair of the FinTech Association of Hong Kong (FTAHK).

07.05 / 09:57

Dogecoin UPS Kucoin Binance Action CoinMarketCap CEXs Beating Pepe, SpongeBob on CEXs Quicker – LBank Exchange Listing Confirmed Today After Price Pumps 1,000% in 3 Days

Sunday May 7th 2023 – Exploding meme coin $SPONGE launches today on the LBank centralized exchange (CEX) at UTC +8, Sunday May 7th.

05.05 / 18:13

business Government Blockchain CBDC Financial Services Bank of China BNP Paribas teams up with Bank of China to promote digital yuan usage

The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.

05.05 / 13:25

regulation Web3 Bitcoin China’s crypto stance unchanged by moves in Hong Kong, says exec

Despite Hong Kong steadily progressing with cryptocurrency adoption, mainland China has not changed its anti-crypto stance in terms of local regulations.

05.05 / 06:17

business Adoption SEC coinbase us government Congress Coinbase remains '100% committed' to US market: Armstrong

United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call.

04.05 / 15:19

Blockchain Ethereum Stablecoin Adoption Latin America CEX National Time fall Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens

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

03.05 / 09:55

UPS Crime Bitcoin Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto

A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.

01.05 / 16:05

business Altcoin More crypto exchanges list PEPE following trading frenzy

On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote:

01.05 / 03:39

UPS Ethereum Ripple SEC Platform Bitcoin network regulatory Neo (NEO) And Ripple (XRP) Trapped In Regulatory Net While Collateral Network (COLT) Predicted To Achieve 3500% Growth

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29.04 / 12:41

Law regulation crypto regulation us house services committee Financial US House Financial Services Committee Says Crypto Bill Coming in "Next Two Months" – Here's What You Need to Know

The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months.

28.04 / 11:29

business Bitcoin open Hong Kong regulator requires banks to open accounts for crypto firms

The Hong Kong Monetary Authority (HKMA), the region’s central banking institution and regulator, has called on banks to provide services to cryptocurrency firms.

28.04 / 09:19

boost China’s Consumers Give Economy a Post-Covid Boost

HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.

28.04 / 00:17

Blockchain Provident MET FIVE Digital CEO Hong Kong is On the Path to Become a Hub for Crypto Capital Markets, CEO of RockTree Capital

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

27.04 / 18:19

business regulation banking NOT Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.

27.04 / 09:45

boost China’s Consumers Give Economy a Post-Covid Boost

27.04 / 09:05

Adoption regulation guidelines Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May

Hong Kong's Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month.

27.04 / 05:49

business Adoption regulation AML KYC guidelines Crypto License Hong Kong security regulator to issue crypto license guidelines in May

The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month.

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