DBS Bank to offer cryptocurrency trading in Hong Kong
As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory.
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As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory.
Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.
The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024.
Hong Kong investors can now gain exposure to Bitcoin through Samsung's new ETF listing, launching on Jan. 13.
When asked about Bitcoin or Ether, SFC executive Julia Leung Fung-yee did not respond but reiterated that “highly liquid” products will be allowed.
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3.
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins.
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have…
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval.
The former CEO of AAX, Weigao Capital Liang Haoming, and the founder of AAX, Thor Chan, were arrested on Dec. 23.