In Brief Hong Kong police report a surge in counterfeit banknotes; some notes are linked to crypto scams. Authorities seized 3,396 fake notes between January and April, up from 553 last year. Hong Kong enhances crypto regulations amid rising fraud, ensuring secure trading. Hong Kong police have issued new warnings about the surge in counterfeit…
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In Brief Hong Kong approves first spot Bitcoin ETF, boosting BTC to $66,000. China Asset Management partners with OSL Digital and BOC International. Spot Bitcoin exchange-traded fund aims to make Hong Kong a top crypto hub. In a pivotal development for the financial sector, the Hong Kong Securities and Futures Commission (SFC) has granted China Asset Management…
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In a nutshell The Hong Kong SFC has supported just two crypto trades in the locale, setting severe standards for administrative leeway. According to OSL, the SFC has altered its regulations, lowering the required insurance coverage for digital assets to fifty percent. In spite of the administrative change, OSL stresses its devotion to keeping a…
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In short Significant banks UBS Gathering AG and HSBC are empowering rich clients in Hong Kong to exchange select crypto ETFs, helping Hong Kong’s advanced resource center point vision. In the midst of claims of misrepresentation, Hong Kong has fixed examination of the crypto business with a joint SFC-police team to screen dubious movement. HSBC,…
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In short BC Innovation Gathering is thinking about selling its authorized crypto stage, OSL, because of a market droop and the city’s severe computerized resource rules. In spite of current difficulties, BC Innovation’s reasonable worth has dramatically increased to almost HK$1.7 billion since August, however it’s actually down more than 80% from June 2021. In…
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To sum things up SFC are presenting straightforward devices for financial backers utilizing virtual resource specialist organizations, planning to instruct about gambles. Measures incorporate distributing arrangements of VATPs, as well as recognizing authorized and unlicensed crypto trades. It follows charges of misrepresentation against crypto trade JPEX, featuring the dangers of unlicensed trades. The Hong Kong…
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To sum things up The SFC features unlicensed VATPs utilizing tricky works on, risking financial backer trust. A few stages erroneously guarantee to have submitted SFC permitting applications, deceiving the general population. Financial backers are encouraged to counsel the SFC’s true rundown for authorized crypto trades in Hong Kong. Hong Kong’s administrative body, the Protections…
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In a word Participating in the Hong Kong Financial Power’s National Bank Computerized Money (CBDC) pilot is Wave Labs. The company will help the HKMA investigate the e-HKD’s potential for real estate tokenization. On Friday, the company’s CBDC consultant, Antony Government assistance, said that tokenization is the eventual fate of land. Numerous blockchain projects have…
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Briefly Hong Kong’s progress in developing a stablecoin regulatory framework suggests a shift in China’s crypto policy. Even Coinbase and other international cryptocurrency exchanges were invited to register in Hong Kong by a legislator. Central area China’s white paper on Web 3.0 development further recommends a likely lift of the Chinese prohibition on crypto. China…
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