Hong Kong Extends Deadline for Crypto License Applications

Despite the fact that the May 31 deadline has passed, HKDAEx has been awarded a fresh digital asset exchange license by the Hong Kong SFC.

Despite the fact that the May 31 deadline has passed, HKDAEx has been awarded a fresh digital asset exchange license by the Hong Kong SFC.

Key Takeaways The Hong Kong Securities and Futures Commission (SFC) has granted a digital asset exchange license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27. This approval comes even though the official deadline for submitting applications passedโฆ

Singapore is leading the world in the adoption of crypto, closely followed by Hong Kong and the United Arab Emirates.
Key Takeaways Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have now amassed over 2 billion Hong Kong dollars (about $256 million) in assets under management (AUM). On August 22, the ChinaAMC Bitcoin ETF reported a notable inflow, adding 274 Bitcoin,โฆ

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As part of its goal to establish itself as a global center for financial technology, Hong Kong plans to strengthen its legislation regarding digital assets within the next 18 months.ย

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Four people, including a 14-year-old, have been taken into custody by Hong Kong police as part of a massive operation against financial crime.

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The CSOP Bitcoin Future Daily (-1x) Inverse Product (7376[.]HK), Asia's first Bitcoin futures inverse product, will debut in Hong Kong on July 23.