Hong Kong

August 31, 2024

Hong Kong’s Digital Asset Landscape: New Exchange License Application and Regulatory Developments

The Hong Kong Securities and Futures Commission (SFC) has recently accepted a new digital asset exchange license application from Hong Kong Digital Asset Xchange (HKDAEx), despite […]
August 20, 2024

HKMA Introduces New Guidelines for Generative AI in Consumer Applications

The Hong Kong Monetary Authority (HKMA) has unveiled new guidelines for the use of generative artificial intelligence (AI) in consumer-facing applications. These reforms, announced in a […]
August 14, 2024

Hong Kong’s HKMA Launches Generative AI Sandbox to Foster Financial Innovation

On August 13, the Hong Kong Monetary Authority (HKMA) unveiled its new Generative Artificial Intelligence (GenA.I.) sandbox in collaboration with Cyberport, a state-run technology company. This […]
August 09, 2024

Hong Kong’s Virtual Banks at a Crossroads: Opportunities and Challenges Ahead

Hong Kong’s virtual banks find themselves at a pivotal moment, capturing only a modest 0.3% of the assets held by all retail banks. Despite significant investments […]
August 01, 2024

Futu Securities Launches Cryptocurrency Trading, Highlighting Hong Kong’s Crypto Ambitions

Futu Securities International, Hong Kong’s largest online brokerage, has made a significant move by launching cryptocurrency trading for its 22 million customers. As of July 23, […]
July 15, 2024

Hong Kong SFC Cracks Down on Unlicensed Crypto Exchanges: Latest Developments and Regulatory Measures

The Securities and Futures Commission (SFC) of Hong Kong has taken a significant step in safeguarding investors by issuing alerts against seven cryptocurrency trading platforms operating […]
May 31, 2024

Hong Kong officially kicks out all unlicensed crypto exchanges

Hong Kong’s Securities and Futures Commission (SFC) has mandated that all cryptocurrency exchanges operating in the region must obtain an operational license or cease their activities […]
May 29, 2024

Hong Kong SFC to compliance check crypto firms offices after license deadline

The Hong Kong Securities and Futures Commission (SFC) has announced plans to “conduct on-site inspections” of local virtual asset trading platforms (VATPs) that are still in […]
May 21, 2024

Crypto exchanges exit Hong Kong license race ahead of May deadline

The number of crypto exchanges pursuing operational licenses in Hong Kong is steadily decreasing, even as the deadline approaches.   Withdrawal of License Applications Recently, three […]

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