Hong Kong to Implement Strict Crypto Regulations, Says HKMA Chief
Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, outlines a plan for tighter regulation of the cryptocurrency industry in Hong Kong.
Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, outlines a plan for tighter regulation of the cryptocurrency industry in Hong Kong.
The USA may experience a mass exodus of cryptocurrency businesses and investors, as countries like UK, EU, UAE, Hong Kong, and Singapore welcome them.
The Hong Kong Monetary Authority will issue a circular addressing concerns about cryptocurrency customer due diligence and facilitating account opening.
Sec. Christopher Hui revealed that many crypto and fintech firms from the US, Canada, EU, and China are flocking to Hong Kong.
According to a recent post by Justin Sun, the proposed regulation for Virtual Assets could significantly impact TRON (TRX). Read for more.
The $50 million HKD donation from the Hong Kong government will help the Web3 ecosystem grow in the financial region. Read CNL.
China is backing Hong Kong’s goal of becoming a crypto powerhouse. China’s Liaison Office officials have been frequent attendees at Hong Kong’s crypto gatherings.
According to recent reports OKX exchange platform has announced that it is applying for a crypto regulation license in Hong Kong city.
Hong Kong platforms are expected to list Bitcoin and Ether, the two largest digital assets by market value. Read for more info.
The Hong Kong government announced Thursday it has successfully raised 800 million HKD ($102M) through the sale of digital green bonds.
Coinbase CEO Brian Armstrong tweeted on February 16 that the U.S.’ financial prominence is at risk as crypto thrives, with the E.U. and U.K. leading the way.
Lark Davis, known as CryptoLark, a cryptocurrency instructor, believes Hong Kong will attract enormous quantities of Chinese money to Bitcoin. Read CNL.