Hong Kong

Hong Kong police report a surge in counterfeit banknotes linked to crypto scams

June 3, 2024 1 min read

The Hong Kong police have seen a notable surge in forged banknotes, with many of them being associated with cryptocurrency scams. This presents a considerable obstacle for law enforcement agencies and regulatory bodies. From January to April of this year, law enforcement confiscated 3,396 counterfeit banknotes, which had a total nominal value of about HK$2.55 million ($326,130). A significant number of these forged banknotes were specifically created for the purpose

Hong Kong’s finance chief fast-tracks crypto bills for stablecoins and OTC trading

February 22, 2024 1 min read

The head of Hong Kong‘s finance department declared that the Legislative Council would receive bills regulating over-the-counter (OTC) crypto trading and stablecoins as soon as possible. After public consultations, the government intends to introduce licensing laws for OTC crypto trading and stablecoin operations. Public talks regarding licenses for OTC crypto trading services were started this month and will end on April 12, as per a response from Christopher Hui, the

Hong Kong Eyes Debut of Spot Crypto ETFs by Mid-2024

January 23, 2024 1 min read

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of 2024. Key players in Hong Kong’s crypto exchange landscape, including OSL Hong Kong and HashKey, are actively investigating this development. Gary Tiu, an executive at OSL Hong Kong, predicts that spot crypto ETFs will make their debut in the city within the coming months. According to