Hong Kong

Hong Kong is a significant hub in the global cryptocurrency landscape, home to numerous blockchain companies, crypto exchanges, and enthusiasts. The region boasts a robust regulatory framework, fostering a conducive environment for crypto-related activities. Renowned crypto exchanges like Bitfinex and OKEx are headquartered here, facilitating vast daily trading volumes. Hong Kong's blockchain networks are advanced, supporting various protocols and fostering innovation in the crypto space. The region's crypto community is diverse, involving investors, traders, developers, and blockchain startups. Despite its traditional finance background, Hong Kong has embraced the digital asset revolution, positioning itself as a leading player in the crypto world.


Opinion

Don’t Overlook Tokyo and Hong Kong as Crypto Hot Spots

The two Far East financial hubs take a comprehensive approach to overseeing crypto, and are likely to attract businesses from around the world. They don’t appear on CoinDesk’s Crypto Hubs 2023 ranking of the 15 best places to live and work for crypto professionals, but they should not be ignored.

Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)

Finance

Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News

HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were first listed on the Hong Kong Stock Exchange back in December.

Hong Kong Harbour (Shutterstock)

Videos

Neil Tan: Hong Kong’s Crypto Push

Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.

Word on the Block

Videos

Hong Kong Pressures 3 Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients, according to a report from the Financial Times. "The Hash" panel weighs in on the state of crypto in the city.

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Policy

Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.

(Ruslan Bardash/Unsplash)

Markets

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.

(Ruslan Bardash/Unsplash)

Policy

Hong Kong Monetary Authority to Prepare for Retail CBDC

The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD, according to a Friday report.

(Ruslan Bardash/Unsplash)

Videos

Justin Sun Weighs in on Hong Kong's Crypto Plans, Huobi Expansion

Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. TRON founder and Huobi global advisor Justin Sun joins "First Mover" to discuss the new policy's impact on the crypto scene in Hong Kong. Plus, insights on Huobi's expansion, along with Sun's take on the state of crypto regulation around the globe.

Recent Videos

Videos

Hong Kong's Crypto Plans; Dogecoin Volatility Explosion Ahead?

Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. Separately, U.S. Sen. Elizabeth Warren (D-Mass.) is calling for a crackdown on the use of crypto in the Chinese fentanyl trade. And, a technical analysis indicator called Bollinger bandwidth suggests dogecoin (DOGE) could be due for a pronounced move. CoinDesk's Jennifer Sanasie and The TIE Director of Content Lawrence Lewitinn break down some of the most-searched stories impacting the crypto sector this week.

Recent Videos

Finance

Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months

He says other exchanges, including OKX, Gate.io, Bitget and ByBit might also apply for a license.

Justin Sun (CoinDeskTV)