hong kong News and Articles

Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

The Hong Kong Monetary Authority fears that stablecoin issuers have insufficient reserves to back up all of their tokens. To this end, the regulator plans to tighten control over such companies to protect investors. On the eve of the Department published a document in which it spoke about the risks...

The regional government of Hong Kong reported that law enforcement agencies managed to arrest crypto scammers, the search for which lasted about two years. A 28-year-old woman and a 21-year-old man, who are each other's brother and sister, opened accounts in different banks in their names. For a...

FTX has moved its headquarters from Hong Kong to the Bahamas due to the favorable position of the regulators. Sam Bankman-Fried, founder and CEO of the trading platform, previously announced that FTX's subsidiary is listed with the Bahamas Securities Commission as a digital asset business. “As...

Widely popular crypto exchange Binance revealed that its trading option of crypto-derivatives stops being available in Hong Kong. As stated in the release published today, the new rules come into effect immediately, disallowing newbies to create accounts and implement operations crypto derivatives...

Crypto company Binance continues to face claims from regulators around the world. This week, Hong Kong and Lithuania urged exchange management to register with local jurisdictions to be eligible to work with crypto traders. Otherwise, the company will face problems. The Hong Kong regulator reminded...

The People's Bank of China has begun cross-border trials of CBDC. Wang Xin, head of the research bureau of the Central Bank of China, told about this. Together with the Chinese Central Bank, the Hong Kong Monetary Authority is participating in the testing. As Wang Xin noted, testing of the digital...

The riot in Hong Kong and Argentina made local investors give a premium for Bitcoin. Elections uncertainty brought to a peso plunge in Argentina and lately, BTC was selling for $12000 on a P2P platform LocalBitcoins, this is 10% greater than on the bulk of crypto exchanges all over the world....