Cointime News Wrapup-Afternoon Version: Matt Damon Reveals Why He Appeared in Crypto.com’s Most Infamous Ad
The Hollywood icon was relentlessly mocked for appearing in the ad in 2021, which was released just before the crypto markets plummeted.
Hong Kong Brings Bankers, Crypto Firms Together
Hong Kong’s financial watchdogs are set to host a meeting to bring bankers and crypto firms together on April 28, according to a report by Bloomberg News.
Cointime News Wrapup-Afternoon Version: Montenegro to Hold Terra-Luna Fugitive Do Kwon for 30 Days, Says Yonhap News
Do Kwon will be held in Montenegro for a month on charges of using forged travel documents, according to local prosecutor Haris Shabotich.
OKX to Launch Hong Kong Entity, Apply for Virtual Asset Licenses
OKX, the world's second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced it has set up a Hong Kong entity for launching virtual asset services in Hong Kong, and intends to apply for the virtual asset service provider (VASP) licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 which is scheduled to take effect on 1 June 2023, and the Type 1 & 7 licences under the Securities and Futures Ordinance.
Hong Kong Regulators to Facilitate Meeting Between Crypto Firms and Banks Next Month
Hong Kong regulators are set to hold a roundtable meeting between Hong Kong-based crypto firms and bankers to ease financing for the sector. The meeting will take place on April 28 at the Hong Kong Monetary Authority and will facilitate "direct dialogue" and "share practical experiences and perspectives in opening and maintaining bank accounts." The HKMA and the Securities and Futures Commission will jointly hold the sessions, and these two regulators oversee crypto exchanges and stablecoins. Establishing banking relationships and offering corporate accounts to crypto firms with proper KYC and AML rules is a major challenge for Hong Kong regulators, but Chinese banks are extending help to Hong Kong-based crypto firms. (coingape)
Crypto Morning Briefing: Justin Sun’s US Fraud Charges Could Hamper Huobi’s License Application in Hong Kong
CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip; Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia; Dogecoin To Get Upgrade Release Packed With New Features and Enhancements
Justin Sun’s US Fraud Charges Could Hamper Huobi’s License Application in Hong Kong
The US fraud charges against Justin Sun, the founder of Tron, could hamper Huobi's license application in Hong Kong. Huobi, one of the largest cryptocurrency exchanges in the world, is currently seeking a license from the Hong Kong Securities and Futures Commission (SFC).
Happy Hour in Hong Kong——Unlocking Its Potential of Web3 and Social Media
Gathering industry experts and enthusiasts at this event, we aimed to facilitate discussions and share insights on the innovative and transformative potential of Web3 in the realm of social media.
China State-Owned Banks Turn Crypto-Friendly in Hong Kong
A number of Chinese state-owned banks’ branches in Hong Kong have started offering services to local cryptocurrency companies, Bloomberg reported on Monday, as the city welcomes a growing list of cryptocurrency and digital asset firms looking to expand or relocate to the city. Local companies in the crypto industry have traditionally had difficulties setting up corporate bank accounts, and the moves of these state-owned lenders reflect China’s backing in trying to boost the digital asset industry in Hong Kong, according to the report. (forkast)
Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban
Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China’s state-owned banks.
