Posts in category

Hong Kong


Hong Kong is seeking to attract worldwide talents with specialties in innovative technologies including blockchain via a special immigration policy. The Hong Kong government released a talent list on Tuesday that covers a range of 11 professions that are now eligible to receive bonus marks when experts in these areas apply for the city’s Quality …

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Cryptocurrency exchange Huobi is quietly seeking to become the largest shareholder of a firm that is publicly listed in Hong Kong – a move that, if completed, could open the door for Huobi to go public via a reverse takeover. According to shareholding disclosures filed by the firm, Pantronics Holdings, on Aug. 21 to the Hong …

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An energy firm that is publicly traded in Hong Kong and chaired by a Chinese billionaire is planning to rebrand itself as a blockchain company despite having lost millions investing in cryptocurrencies. Called Global Energy Resources International Group, the firm filed a proposal with the Hong Kong Stock Exchange on Monday indicating it seeks to …

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Ebang Communication, one of the largest bitcoin mining chip makers in China, is seeking to go public on the Hong Kong Stock Exchange (HKEX). The company filed an application for an initial public offering with the HKEX on Monday, document shows. Since the application is still in draft form, it’s unclear at this stage the valuation of the …

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The Hong Kong Monetary Authority (HKMA), the region’s de facto central bank, currently has no plan to issue a central bank digital currency (CBDC), a high-level government official said on Wednesday. During a council meeting with legislators in Hong Kong, Joseph Chan, acting secretary for financial services and the treasury, said the HKMA’s research on the …

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Hong Kong’s securities regulator has taken a skeptical tone on investments related to initial coin offerings (ICOs). In a speech at an investment industry function on Friday, Julia Leung, deputy head of the Hong Kong Securities and Futures Commission (SFC) once more cautioned the public over fundraising activities associated with the technology. “While we acknowledge …

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The Hong Kong Federation of Insurers (HKFI), a financial industry self-regulator, is developing a blockchain powered platform for the city’s motor insurance. During a speech at the HKFI’s Annual Reception event, James Lau, the Secretary for Hong Kong’s Financial Services and the Treasury Bureau, doubled down on his belief that blockchain technology will play a crucial …

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Hong Kong-based OKEx became the first crypto exchange to list the South Korean high tech startup Cube, as was announced on Feb. 28. Cube’s team recently revealed its project that will protect network security designed for driverless cars and autonomous vehicles, by use of Blockchain technology. As OKEx representatives told Cointelegraph, the exchange is listing …

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The Hong Kong Stock Exchange (HKEX) is looking to follow its Australian counterpart in developing a blockchain settlement system. According to the Financial Times, Charles Li, head of the HKEX, said on Tuesday that the company is currently in dialogue with the Australian Securities Exchange (ASX) to learn from its experience in settling transactions over a …

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The Hong Kong Exchanges and Clearing Market (HKEX) will begin collaborating with the Australian Securities Exchange (ASX) on the issue of Blockchain technology implementation, Financial Times reports today, March 20. ASX had announced in December of last year that it would begin using Blockchain to replace its current processing system for equity transactions, making it …

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The Hong Kong Securities and Futures Commission (SFC) has stopped Black Cell Technology’s Initial Coin Offering (ICO) on the grounds that the offering constituted an unregistered Collective Investment Scheme (CIS), according to a SFC website bulletin posted today, March 19. Black Cell must now refund Hong Kong investors of their investments in the token, which …

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Hong Kong’s Securities and Futures Commission (SFC) has halted an initial coin offering (ICO) on the grounds that the issuer was selling securities out of compliance with local regulations. In a statement released Monday, the SFC said that marketplace startup Black Cell Technology Limited, which sells the “krop” token as a means of connecting buyers …

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Hong Kong’s financial regulator vowed to keep “policing” cryptocurrency and ICO markets Friday during a fresh warning to potential investors. In an announcement from the territory’s Securities and Futures Commission (SFC), CEO Ashley Alder said that following a vetting of exchanges and ICO providers for compliance, “market professionals” should also play their role in ensuring …

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Hong Kong’s securities regulator appears to be stepping up efforts to regulate cryptocurrency exchanges involved with initial coin offerings (ICOs). In a statement released Friday, Hong Kong’s Securities and Futures Commission (SFC) revealed it has sent warning letters to seven cryptocurrency exchanges advising that certain tokens being traded on their platforms may be defined as securities. …

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A state securities regulator in Texas has put out yet another cease-and-desist order on cryptocurrency-related activities. According to an emergency order signed on Jan. 24, the Texas State Securities Board (TSSB) is taking aim at a Hong Kong-based firm dubbed R2B Coin, which the agency alleges is issuing unregistered securities to Texas residents with false and …

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The BTCC Bitcoin exchange, formerly known as BTC China, has been acquired by a Hong Kong-based Blockchain investment fund on terms that are yet to be disclosed, the company has revealed in a blog post Monday, Jan. 29. Calvin Cheng, an advisor for the yet-undisclosed investment fund, expressed his excitement about their acquisition of the …

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Hong Kong authorities have launched a campaign to educate the public on the risks associated with ICO and cryptocurrency investment. Kicking off yesterday, the campaign started on Jan. 29 and was launched by the government’s Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), a subsidiary of the Securities and Futures Commission …

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Bitcoin startup BTCC has been acquired by a Hong Kong-based blockchain investment fund. While details remain scarce on the deal, BTCC said in a press release that the move will help its efforts to expand internationally following its recent closure in mainland China. Bobby Lee, BTCC’s co-founder, said: “Today’s acquisition is an incredible milestone for …

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Digital currency operators and Bitcoin exchanges are the most common targets of distributed denial of service (DDoS) attacks according to a report titled “Q3 2017 Global DDoS Threat Landscape.” Imperva Incapsula said that three out of four Bitcoin sites were victims of DDoS attacks in the third quarter of 2017 alone. A DDoS attack happens …

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A Hong Kong finance regulator has published a new circular on bitcoin futures and other cryptocurrency-related investment products. The circular, released by the Securities and Futures Commission (SFC) of Hong Kong on Dec. 11, states that only licensed firms are allowed to offer such products within Hong Kong, specifying that it is a “type 2 regulated activity” …

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