Hong Kong is On the Path to Become a Hub for Crypto Capital Markets, CEO of RockTree Capital
Omer Ozden, CEO of RockTree Capital, urged Hong Kong regulators and financial institutions to continue to embrace Web3 in order for it to become a hub for crypto capital markets increasing Hong Kong’s global competitiveness.
Hong Kong Authorities Remind Banks Not To Be Too Hasty in Rejecting Digital Asset Clients
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.
Crypto Evening Briefing: Kraken Asks San Francisco Court to Intervene Against IRS Demands
Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by United States regulators.
HKMA Encourages Banks to Adopt “Risk-Based Approach” in Account Opening for Virtual Assets Related Entities
The Hong Kong Monetary Authority (HKMA) has reminded banks to adopt a "risk-based approach" in conducting customer due diligence (CDD) and avoid a "one-size-fits-all" approach to reject account opening applications.
Cointime News Wrapup-Afternoon: Binance Reportedly Removes Restrictions on Russian Users
Binance has lifted certain restrictions on Russian users, according to local crypto media.
Tiger Brokers Intends to Apply for Virtual Assets Management Qualification in Hong Kong
April 25 (Cointime) - According to Sing Tao Daily, Tiger Brokers (Hong Kong), announced the launch of cash management services. The company also disclosed its intention to apply for a virtual asset trading platform license in Hong Kong and is currently in discussions with relevant companies. The plan is to promote the service in June of this year.
Investment Drama of Bankruptcy Claims Exchange OPNX; Intel Ends Bitcoin Mining Chip Business | Cointime Weekly Apr.16 – Apr.22
Coinbase receives license to operate in Bermuda; Gemini launches derivatives platform; EU Parliament approves crypto rules; HK court recognizes crypto as property; Hitachi establishes $300 million fund.
Hong Kong Court Deems Crypto as Property, in Ruling on Defunct Exchange Gatecoin
Hong Kong’s High Court has recognized cryptocurrency as property in a March 31 landmark ruling in a legal tussle involving defunct crypto exchange Gatecoin.
Crypto Evening Briefing: Crypto Protocol Fetch.ai Offering AI Trading Tools for Decentralized Exchanges
Fetch.ai aims to facilitate peer-to-peer trading between DeFi users using AI-powered software "agents."
Hong Kong Court Recognizes Crypto as Property
Hong Kong's High Court has ruled that cryptocurrency is property, marking the first such decision regarding digital assets in the city-state. The ruling was made in a legal matter involving defunct crypto exchange Gatecoin, with the court determining that crypto has all the qualities of property and can be held on trust. The decision aligns Hong Kong with other common law jurisdictions and comes as the city-state seeks to revive its image as a digital assets hub. The US Internal Revenue Service also considers crypto to be property, although other regulatory agencies classify it differently.
