HongKong2024
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Does Hong Kongâs slow approach to crypto regulation risk stifling digital asset growth? #HongKong2024
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
$BTC
Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector.
$ETH
Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational licenses in the city.
$BNB
âIt is understandable its (Hong Kongâs) current approach to regulation in trading is more conservative and slower than some other jurisdictions since it prioritizes the protection of investors,â Vincent Chok, CEO of First Digital, told Cointelegraph in an exclusive interview. However, he pointed out:
âWe hope to see regulation move faster to ensure it does not fall behind the industryâs fast pace of development.âÂ
As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong became a criminal offense. Meanwhile, Hong Kongâs Securities and Futures Commission published an âalert listâ that names âsuspicious virtual asset trading platformsâ or unlicensed entities operating in Hong Kong. SFC said these entities could be targeting Hong Kong investors.Â
Will Hong Kong emulate Dubai? #Dubia
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published their findings on local stablecoin regulation.
A week later, on July 24, Jingdong Coinlink Technology Hong Kong Limited, a JD Technology Group subsidiary, announced plans to issue a 1:1 stablecoin pegged to the Hong Kong dollar (HKD). The HKMA recognizes the company as a participant in the sandbox program.
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
$BTC
Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector.
$ETH
Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational licenses in the city.
$BNB
âIt is understandable its (Hong Kongâs) current approach to regulation in trading is more conservative and slower than some other jurisdictions since it prioritizes the protection of investors,â Vincent Chok, CEO of First Digital, told Cointelegraph in an exclusive interview. However, he pointed out:
âWe hope to see regulation move faster to ensure it does not fall behind the industryâs fast pace of development.âÂ
As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong became a criminal offense. Meanwhile, Hong Kongâs Securities and Futures Commission published an âalert listâ that names âsuspicious virtual asset trading platformsâ or unlicensed entities operating in Hong Kong. SFC said these entities could be targeting Hong Kong investors.Â
Will Hong Kong emulate Dubai? #Dubia
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published their findings on local stablecoin regulation.
A week later, on July 24, Jingdong Coinlink Technology Hong Kong Limited, a JD Technology Group subsidiary, announced plans to issue a 1:1 stablecoin pegged to the Hong Kong dollar (HKD). The HKMA recognizes the company as a participant in the sandbox program.
đđ Get ready for the grand opening of the 2024 Hong Kong Web3 Carnival on April 6! đđ
From April 6 to April 9, join us at the prestigious Hong Kong Convention and Exhibition Center, 3rd Floor FG (1 Expo Drive Wan Chai, Hong Kong) for an electrifying event like no other! đ„
The excitement is palpable as industry leaders, innovators, and enthusiasts come together to explore the future of Web3 technology. đ With a lineup featuring top projects, groundbreaking innovations, and thought-provoking discussions, the stage is set for a carnival of inspiration and discovery! đĄđĄ
As the countdown begins, the anticipation mountsâget ready to witness the market soar to new heights! âïžđ
Don't miss out on this epic eventâsee you there! đ«
#Web3Carnival #HongKong2024 #CryptoRevolution đ»đ
Follow | Like â€ïž | Quote đ | Commentđ
From April 6 to April 9, join us at the prestigious Hong Kong Convention and Exhibition Center, 3rd Floor FG (1 Expo Drive Wan Chai, Hong Kong) for an electrifying event like no other! đ„
The excitement is palpable as industry leaders, innovators, and enthusiasts come together to explore the future of Web3 technology. đ With a lineup featuring top projects, groundbreaking innovations, and thought-provoking discussions, the stage is set for a carnival of inspiration and discovery! đĄđĄ
As the countdown begins, the anticipation mountsâget ready to witness the market soar to new heights! âïžđ
Don't miss out on this epic eventâsee you there! đ«
#Web3Carnival #HongKong2024 #CryptoRevolution đ»đ
Follow | Like â€ïž | Quote đ | Commentđ
đČđž Giant #Bitcoin Spot ETF ADS spotted in Hong Kong đđ° #HongKong2024
đđ¶đđ°đŒđ¶đ» đ¶đ đŻđźđ°đž đ¶đ» đđ”đČ đŽđżđČđČđ» đđŒđ»đČ, đđ¶đđ” đđ”đČ đ°đżđđœđđŒ đșđźđżđžđČđ đČđźđŽđČđżđčđ đźđđźđ¶đđ¶đ»đŽ đđ”đČ đ±đČđ°đ¶đđ¶đŒđ» đŒđ» đđ”đČ đđŒđ»đŽ đđŒđ»đŽ đđœđŒđ đđ§đ.
BTC is trading above $65,000, while ether has surged back above $3,100, indicating a calmer market after recent geopolitical tensions.
The dip below $62,000 over the weekend was attributed to market jitters amid geopolitical uncertainties, which have since subsided.
Traders are now focusing on the potential approval of BTC ETFs in Hong Kong, which could unleash significant demand, estimated to be up to $25 billion.
The market was already under pressure due to U.S. tax season and anticipation of the halving, exacerbating the recent volatility.
The launch of ETFs this week could provide easier access to digital assets for traders in China, potentially influencing market dynamics.
#BinanceLaunchpool #HongKong2024 #BTCđ„đ„đ„đ„đ„đ„ #write2earnđđč
BTC is trading above $65,000, while ether has surged back above $3,100, indicating a calmer market after recent geopolitical tensions.
The dip below $62,000 over the weekend was attributed to market jitters amid geopolitical uncertainties, which have since subsided.
Traders are now focusing on the potential approval of BTC ETFs in Hong Kong, which could unleash significant demand, estimated to be up to $25 billion.
The market was already under pressure due to U.S. tax season and anticipation of the halving, exacerbating the recent volatility.
The launch of ETFs this week could provide easier access to digital assets for traders in China, potentially influencing market dynamics.
#BinanceLaunchpool #HongKong2024 #BTCđ„đ„đ„đ„đ„đ„ #write2earnđđč
đđ§đ đźđ»đ± đđ§đ đŠđČđČ đšđœđđ¶đ°đž đźđ đđŒđ»đŽ đđŒđ»đŽ đđ¶đđ°đŒđ¶đ» đđ§đ đđœđœđčđ¶đ°đźđ»đđ đ„đČđœđŒđżđ đđœđœđżđŒđđźđč
Bitcoin has climbed 2.8% in the last 24 hours, surpassing $66,500, while Ethereum reaches $3,240.
Several Hong Kong applicants, including China Asset Management and Bosera Capital, claim approval for spot crypto ETFs, though the SFC has not issued an official statement.
Despite this, industry insiders anticipate institutional demand to rise during Asia trading hours once the ETFs are approved, offering a bullish short-term outlook amidst broader market narratives and macro events.
#etf #BinanceLaunchpool #HongKong2024
Bitcoin has climbed 2.8% in the last 24 hours, surpassing $66,500, while Ethereum reaches $3,240.
Several Hong Kong applicants, including China Asset Management and Bosera Capital, claim approval for spot crypto ETFs, though the SFC has not issued an official statement.
Despite this, industry insiders anticipate institutional demand to rise during Asia trading hours once the ETFs are approved, offering a bullish short-term outlook amidst broader market narratives and macro events.
#etf #BinanceLaunchpool #HongKong2024
đđŒđ»đŽ đđŒđ»đŽ đđ¶đđČđ đĄđŒđ± đđŒ đŠđœđŒđ đđ¶đđ°đŒđ¶đ» đźđ»đ± đđđ”đČđżđČđđș đđ§đđ đđșđ¶đ± đđżđđœđđŒ đ đźđżđžđČđ đ„đČđŻđŒđđ»đ±
As Bitcoin and Ethereum prices bounce back, Hong Kong embraces the trend with approvals for spot cryptocurrency ETFs, reinforcing its status as a crypto hub.
The move comes ahead of the Bitcoin halving event, boosting market optimism. Despite setbacks like the JPEX fraud, Hong Kong remains competitive against Singapore and Dubai in attracting crypto ventures.
The news sparks a market recovery, with Bitcoin rising 3.1% and Ethereum nearly 6% in the past 24 hours. Solana also sees a 7.4% surge, possibly fueled by network updates
#HongKong2024 #BinanceLaunchpool #write2earnđđč
As Bitcoin and Ethereum prices bounce back, Hong Kong embraces the trend with approvals for spot cryptocurrency ETFs, reinforcing its status as a crypto hub.
The move comes ahead of the Bitcoin halving event, boosting market optimism. Despite setbacks like the JPEX fraud, Hong Kong remains competitive against Singapore and Dubai in attracting crypto ventures.
The news sparks a market recovery, with Bitcoin rising 3.1% and Ethereum nearly 6% in the past 24 hours. Solana also sees a 7.4% surge, possibly fueled by network updates
#HongKong2024 #BinanceLaunchpool #write2earnđđč
What to expect from the Hong Kong join to Crypto market âŠ.
Since their joining is first of May there was an inflow of billions into tge crypto that got coins like BTC down #BNBâ© TO 550 #Solana to almost 100 $
I expect a major bullish before week end
This is the best time to invest
#write2earnonbinancesquare #HongKong2024 #writetoearn
Since their joining is first of May there was an inflow of billions into tge crypto that got coins like BTC down #BNBâ© TO 550 #Solana to almost 100 $
I expect a major bullish before week end
This is the best time to invest
#write2earnonbinancesquare #HongKong2024 #writetoearn
Hong Kong Approves Landmark Bitcoin and Ethereum Spot ETFs đđ„
đ„ BREAKING Hong Kong has taken a significant step towards wider cryptocurrency adoption by approving the launch of spot-traded exchange-traded funds (ETFs) for Bitcoin and Ethereum on April 15th, 2024. This is a major development for the crypto industry, as it could pave the way for increased institutional investment in these leading digital assets.
Spot ETFs provide a regulated and secure way for investors to gain exposure to the underlying asset, in this case, Bitcoin and Ethereum, without the need to directly purchase and hold the cryptocurrency themselves. This can be particularly appealing to institutional investors who are often wary of the complexities and risks associated with directly holding cryptocurrencies.
The approval of these ETFs by Hong Kong, a major financial hub in Asia, could have a ripple effect globally. It could prompt other jurisdictions to follow suit and approve similar ETFs, further legitimizing cryptocurrencies as an asset class.
Questions for Discussion:
What impact will this have on the price of Bitcoin and Ethereum?Will other countries follow suit and approve similar ETFs?
How will this affect the regulation of cryptocurrencies?
#ETF #HongKong2024 #bitcoinhalving
Spot ETFs provide a regulated and secure way for investors to gain exposure to the underlying asset, in this case, Bitcoin and Ethereum, without the need to directly purchase and hold the cryptocurrency themselves. This can be particularly appealing to institutional investors who are often wary of the complexities and risks associated with directly holding cryptocurrencies.
The approval of these ETFs by Hong Kong, a major financial hub in Asia, could have a ripple effect globally. It could prompt other jurisdictions to follow suit and approve similar ETFs, further legitimizing cryptocurrencies as an asset class.
Questions for Discussion:
What impact will this have on the price of Bitcoin and Ethereum?Will other countries follow suit and approve similar ETFs?
How will this affect the regulation of cryptocurrencies?
#ETF #HongKong2024 #bitcoinhalving
Join ccarbon at the NovaX Global Investmatch Carnival in Hong Kong on Aug 28th â 29th!
Visit ccarbon at Booth 3E26, where ccarbon will offer you an unparalleled carbon asset management experience! Together, let's build a âHealthier Planet, Healthier Finance!â
We will be showcasing how blockchain technology and Decentralized Physical Infrastructure Networks (DePIN) can enable transparent and efficient management of carbon assets at the event. Visitors will have the opportunity to experience our platform firsthand and learn how decentralized technology can transform sustainable actions by individuals and businesses into tangible rewards.
Various smart shoes empowered by ccarbon's carbon asset technology will also be on display. These shoes are equipped with carbon asset certification chips, featuring reusable materials and ionized health fabrics. Users can earn carbon assets by tracking their steps, which replace high-carbon travel methods. We will demonstrate how daily activities can generate on-chain personal carbon assets, contributing to individual carbon reduction.
Additionally, we will offer special carbon asset benefits to attendees who check in at the event! Don't forget to follow ccarbon's official account for more detailed information!
We look forward to seeing you in Hong Kong and exploring the endless possibilities of the Web3 era together!
For more information, please follow ccarbon on
#ccarbon #CryptoMarketMoves #HongKong2024 #DePIN. #Web3Eco
We will be showcasing how blockchain technology and Decentralized Physical Infrastructure Networks (DePIN) can enable transparent and efficient management of carbon assets at the event. Visitors will have the opportunity to experience our platform firsthand and learn how decentralized technology can transform sustainable actions by individuals and businesses into tangible rewards.
Various smart shoes empowered by ccarbon's carbon asset technology will also be on display. These shoes are equipped with carbon asset certification chips, featuring reusable materials and ionized health fabrics. Users can earn carbon assets by tracking their steps, which replace high-carbon travel methods. We will demonstrate how daily activities can generate on-chain personal carbon assets, contributing to individual carbon reduction.
Additionally, we will offer special carbon asset benefits to attendees who check in at the event! Don't forget to follow ccarbon's official account for more detailed information!
We look forward to seeing you in Hong Kong and exploring the endless possibilities of the Web3 era together!
For more information, please follow ccarbon on
#ccarbon #CryptoMarketMoves #HongKong2024 #DePIN. #Web3Eco
đš Top 12 Crypto News in The Last Couple of Hours
1ïžâŁHong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2ïžâŁ#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3ïžâŁ#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4ïžâŁ#Polar Bear Launches Bonus Plans for PBC Users
5ïžâŁ #Velodrome Finance Sees Significant Price Surge
6ïžâŁ#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7ïžâŁ#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8ïžâŁ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9ïžâŁ#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
đ#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1ïžâŁ1ïžâŁ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1ïžâŁ2ïžâŁ#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
đ Published By: @YourCryptoMentor đ
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
1ïžâŁHong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2ïžâŁ#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3ïžâŁ#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4ïžâŁ#Polar Bear Launches Bonus Plans for PBC Users
5ïžâŁ #Velodrome Finance Sees Significant Price Surge
6ïžâŁ#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7ïžâŁ#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8ïžâŁ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9ïžâŁ#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
đ#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1ïžâŁ1ïžâŁ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1ïžâŁ2ïžâŁ#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
đ Published By: @YourCryptoMentor đ
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
Licensing issues test Hong Kong's goals in the cryptocurrency space.
Regulatory worries have caused over a dozen exchanges to struggle to obtain complete licenses, which is a roadblock to Hong Kong's ambitions to become a crypto powerhouse.
During on-site inspections of 11 "deemed-to-be-licensed" exchanges, the city's Securities and Futures Commission reportedly found unacceptable procedures, casting doubt on the exchanges' capacity to fulfill all licensing requirements. According to the study, the research found that certain exchanges were unduly dependent on a small group of executives to oversee the custody of customer assets, while other exchanges are not "properly guarding against cybercrime risks."
According to reports, the exchanges under investigation include well-known ones like Crypto.com and Bullish in addition to regional platforms like HKbitEX and PantherTrade.
The SFC is focusing on enforcing strict compliance among crypto platforms, including safeguarding client assets and enforcing robust know-your-client protocols. This comes after a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers made false or misleading claims.
But, the regulator later mentioned that JPEX had not submitted any such application, despite its assertions of being a âlicensed and recognized platform for facilitating the trading of digital assets and virtual currency.â
#hongkongweb3 #HongKong2024 #CryptoNewss #BinanceBlockchainWeek #LowestCPI2021
During on-site inspections of 11 "deemed-to-be-licensed" exchanges, the city's Securities and Futures Commission reportedly found unacceptable procedures, casting doubt on the exchanges' capacity to fulfill all licensing requirements. According to the study, the research found that certain exchanges were unduly dependent on a small group of executives to oversee the custody of customer assets, while other exchanges are not "properly guarding against cybercrime risks."
According to reports, the exchanges under investigation include well-known ones like Crypto.com and Bullish in addition to regional platforms like HKbitEX and PantherTrade.
The SFC is focusing on enforcing strict compliance among crypto platforms, including safeguarding client assets and enforcing robust know-your-client protocols. This comes after a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers made false or misleading claims.
But, the regulator later mentioned that JPEX had not submitted any such application, despite its assertions of being a âlicensed and recognized platform for facilitating the trading of digital assets and virtual currency.â
#hongkongweb3 #HongKong2024 #CryptoNewss #BinanceBlockchainWeek #LowestCPI2021
Top News Today
- A $BTC indicator suggests a 'local bottom' as traders anticipate prices dropping below $60K.
- After four years, MicroStrategyâs Bitcoin strategy is outperforming Warren Buffettâs cautions.
- Hong Kong plans to strengthen digital asset regulations within the next 18 months.
- Quantum computers are progressing more rapidly than scientists had predicted.
- OpenAI is concerned that people might form emotional connections with its AI designed to deceive humans.
#MicroStrat #HongKong2024 #quantumcomputers #OpenAI
- A $BTC indicator suggests a 'local bottom' as traders anticipate prices dropping below $60K.
- After four years, MicroStrategyâs Bitcoin strategy is outperforming Warren Buffettâs cautions.
- Hong Kong plans to strengthen digital asset regulations within the next 18 months.
- Quantum computers are progressing more rapidly than scientists had predicted.
- OpenAI is concerned that people might form emotional connections with its AI designed to deceive humans.
#MicroStrat #HongKong2024 #quantumcomputers #OpenAI
Hong Kong Crypto Exchanges Face Challenges to Get Full Licenses !!
According to a Bloomberg report, Hong Kong's Securities and Futures Commission (SFC) found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections.
There is now uncertainty over whether all 11 crypto exchanges will achieve full licenses.
The report states that the regulator found some of the crypto firms overly reliant on a handful of executives to oversee the custody of client assets. It also states that others were not properly guarding against cybercrime risks.
#hongkongweb3 #HongKong2024 #sfc #DOGSONBINANCE #CryptoMarketMoves
According to a Bloomberg report, Hong Kong's Securities and Futures Commission (SFC) found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections.
There is now uncertainty over whether all 11 crypto exchanges will achieve full licenses.
The report states that the regulator found some of the crypto firms overly reliant on a handful of executives to oversee the custody of client assets. It also states that others were not properly guarding against cybercrime risks.
#hongkongweb3 #HongKong2024 #sfc #DOGSONBINANCE #CryptoMarketMoves
Hong Kong is making a strategic move to strengthen its position as a global fintech leader by focusing on decentralized finance (DeFi) and the metaverse. The Hong Kong Institute for Monetary and Financial Research (HKIMR) released two reports in June 2023 highlighting the potential of these emerging technologies. The report on DeFi emphasizes its remarkable growth and its potential to introduce new financial services, reduce transaction speeds, and enhance innovation, automation, and financial inclusion.
#HongKong2024 #CryptoTradingGuide #Megadrop #DEFÄ°
#HongKong2024 #CryptoTradingGuide #Megadrop #DEFÄ°