OTC crypto shops flood Hong Kong, but regulations may impact their presence
Brick and mortar crypto exchanges are common in Hong Kong, but concerns remain around uncertain regulations that could demolish these shops entirely.
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Crypto-to-fiat liquidity startup Xanpool raises $27M
XanPool positions itself as a “Uniswap-like” crypto-to-fiat AMM relying on the liquidity of its participants.
Chinese blockchain project BSN expands to Turkey and Uzbekistan
Chinese blockchain project BSN comes to Turkey and Uzbekistan after launching the BSN Hong Kong and Macau portal.
Bitmain stops shipment of Antminer crypto mining rigs into China
Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces.
Hong Kong Released an Official Whitepaper of Its CBDC
Following a collaboration with the BIS Innovation Hub, the Hong Kong Monetary Authority (HKMA) released a technical Whitepaper on retail CBDC, called “e-HKD: A technical perspective.” The financial institution expects…
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the…
Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise
The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the…
Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling
Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to…
Thai SEC issues license to Ethereum-based real estate project
The firm uses the Ethereum blockchain to allow traders to invest as little as $150 in expensive real estate properties.
Hong Kong landlords lease to crypto exchanges following regulatory clarity
Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors.