JD.com & Bank of China Join Mainland China-Hong Kong Digital Yuan Pilot
Major business players are joining the Hong Kong-Mainland China “cross-border” digital yuan pilot – including the e-commerce giant JD.com and the Bank of China.
Hong Kong’s Losses to Crypto Scams Doubled to $217M Last Year: Report
Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.
Hong Kong’s Crypto Scam Losses in 2022 More Than Double From 2021: SCMP
Hong Kong police received 67% more scam reports related to cryptocurrencies in 2022, as the city looked to regain its status as a crypto hub, according to a report by South China Morning Post (SCMP) on Tuesday.
Losses From Cryptocurrency Scams Double to HK$1.7 Billion in Hong Kong Last Year, With 67 per Cent Spike in Cases
Financial losses from cryptocurrency-related scams doubled to more than HK$1.7 billion (US$216.6 million) in Hong Kong last year, as the number of victims tricked into funnelling digital assets to online swindlers jumped 67 per cent.
Crypto Evening Briefing: Japanese Banks to Test Stablecoins on ‘Japan Open Chain’
Japan has taken a major step forward when it comes to stablecoins, with several notable banks testing stablecoin usage on Ethereum-compatible blockchains.
China’s Digital Yuan Initiative Gets Cold Reception From Hong Kong Visitors
Shenzhen city, China’s southeastern metropolis that connects the mainland to Hong Kong, has started to issue digital yuan hard wallets to Hong Kong tourists but demand has so far failed to meet expectations.
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
Justin Sun, founder of the Tron blockchain and the man who runs the Huobi crypto exchange, is ready for that change. He said in a tweet Monday that Huobi would apply for a virtual asset service provider (VASP) license in Hong Kong under new requirements to operate that go into effect in June. If approved, the exchange would then launch Huobi Hong Kong.
Crypto Evening Briefing: Justin Sun 100% Confident Huobi Will Obtain Hong Kong VASP License
Justin Sun says he is “100% confident” that Hong Kong’s Securities and Futures Commission (SFC) will grant Huobi a Virtual Asset Service Provider (VASP) license.
Justin Sun 100% Confident Huobi Will Obtain Hong Kong VASP License
Justin Sun says he is “100% confident” that Hong Kong’s Securities and Futures Commission (SFC) will grant Huobi a Virtual Asset Service Provider (VASP) license.
Existing Virtual Asset Operators Given Transitional Period To Comply With Proposed Legislation In Hong Kong
Effective June 1, 2023, all new Virtual Asset (VA) trading platforms conducting business or targeting investors in Hong Kong must be licensed and regulated by the Securities and Futures Commission (SFC). The SFC is an independent statutory body that regulates Hong Kong’s securities and futures markets.
