Hong Kong securities regulator updates crypto policies, citing market developments
The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange.
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The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange.
Hong Kong has allowed retail crypto trading since June.
The move follows the imbroglio at the JPEX crypto exchange last month, which resulted in multiple arrests and the platform shuttering services. The unlicensed exchange is alleged to have defrauded…
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects.
JPEX has pushed ahead with its DAO Shareholder Dividend Scheme. However, some users claim their assets are being converted without their knowledge.
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange.
Dubbed "Synapse," the platform will accelerate trades placed by international investors for Mainland Chinese stocks.
Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years…
The latest delays came two weeks before the second deadline for many applicants.