Browsing:Hong Kong

The head of Hong Kong's finance department declared that the Legislative Council would receive bills regulating OTC crypto trading
3 days ago 1 min read

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

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 Secretary for Financial Services and the Treasury, in a response to the Legislative Council. In addition, a different consultation that ends on February 29 aims to regulate stablecoin issuers by

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto ETFs by the middle of 2024
1 month ago 1 min read

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

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 reports, 5–10 companies are currently exploring this avenue, with approximately five making significant progress in this initiative. Tiu emphasizes the importance of maintaining reasonable fees, especially in a market with