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Hong Kong


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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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Hong Kong’s securities regulator has published a new circular centered on bitcoin futures contracts and cryptocurrency-related investment products. Published yesterday, the circular from Hong Kong’s Securities and Futures Commission (SFC) quickly reminded providers of bitcoin futures contracts and other crypto-investment products to …

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Japanese financial services conglomerate SBI Group has announced a partnership with Huobi to engage with cryptocurrency. In an announcement today, SBI said it would be launching a virtual currency exchange early next year. Huobi is set to benefit from increased exposure to Japanese markets in light of China’s exchange shutdown, as reported by Nikkei Asian …

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The Hong Kong office of auditing and accountancy firm PricewaterhouseCoopers (PwC) has started accepting Bitcoin as payment for its professional services. The company noted that the first Bitcoin payments it accepted was from local companies involved in digital currencies and Blockchain technology. According to PwC Asia-Pacific chairperson Raymund Chao, their decision to accept Bitcoin as …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Hong KoKong-based cryptocurrency exchange Gatecoin’s marketing chief has stated that bitcoin price, despite these boom times, is “undervalued.” In a televised interview with Bloomberg today, Gatecoin’s marketing chief and head of business development for Asia Pacific Thomas Glucksmann was led onto the …

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Hong Kong’s Bitcoin business sector is feeling uncertain as local exchange Gatecoin loses its banking services. Just a month after reports of a mass ‘Bitcoin exodus’ from China after it banned crypto-to-fiat trading and ICOs, Hong Kong also appears to be creating a more hostile environment. Gatecoin, one of the industry’s older exchanges, has dealt …

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