Hong Kong emerges as Asia's prominent crypto hub, witnessing regulatory milestones, talent-driven digital economy growth, and Metalpha's licensing success. Amidst global wealth shifts, Hong Kong's balanced approach to innovation and regulation positions it for continued success in the crypto landscape.
BerniceSEBA received its in-principle approval in August, and has now received the full licence.
ClementHong Kong explores the benefits of e-HKD in its digital currency pilots, stresses caution in further implementations.
Hui XinWhen the licence is issued, SEBA will be able to offer crypto investment services to customers.
ClementEssentially, these licenses act as official permits that allow Binance, the largest cryptocurrency exchange globally, to operate within the country while following the rules set by the government.
Coinlive This shift has garnered considerable interest, especially when compared to the digital-asset crackdown in the United States. However, despite the enthusiasm, the city has yet to attract major investments from an industry still recovering from the market downturn last year.
CaptainXHong Kong will introduce a mandatory licensing regime for stablecoin issuers as early as this year.
OthersASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.
OthersAt this year's Hong Kong Fintech Week, the Hong Kong Special Administrative Region Government issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong" (hereinafter referred to as the Policy Declaration), expounding its policy stance and guidelines for the development of the virtual asset industry and ecosystem.
CointelegraphThe mobile-first cryptocurrency exchange recently received regulatory approvals to operate in Greece, Singapore and Dubai.
Cointelegraph