"BNB has launched HashKey, a Hong Kong-licensed trading platform. Why is this important? The current regulatory framework in Hong Kong is relatively strict for the listing of tokens. HashKey is a licensed exchange in Hong Kong. This listing means that the regulator has approved the listing of BNB. This is a recognition of BNB and an important step in Hong Kong's further relaxation of regulatory policies. This is a positive signal in both respects."
Valour, a wholly-owned subsidiary of DeFi Technologies, announced the signing of a memorandum of understanding with Singapore-licensed stock exchange AsiaNext to list ETP products on the exchange. AsiaNext was previously backed by Japanese financial giant SBI Digital Asset Holdings and Swiss SIX Group. It is reported that Valour plans to launch 20 new digital asset ETPs in the coming weeks, including products such as bitcoin pledges and crypto index-based ETPs.
China Asset Management and Franklin Templeton have announced a partnership with OSL, a licensed cryptocurrency trading platform in Hong Kong, to tokenize money market funds. It is reported that the money market fund tokenization project with China Asset Management will be denominated in Hong Kong dollars, hoping to allow retail investors to buy and sell in the future; while the project with Franklin Templeton will be denominated in US dollars, which is expected to reduce the time and cost by 90%...
On November 4th, according to the monitoring of on-chain analyst @ai_9684xtpa, according to the value of the position, BABYDOGE can be ranked as the top 3 Memecoin in Wintermute's position ranking. Three days ago, Wintermute received 3.70 quadrillion BABYDOGE from the UNCX Network token ownership contract, worth 7.58 million US dollars; as of 4 hours ago, these tokens have been fully recharged into Bybit and Binance.
OSL, a licensed digital asset trading platform under the 863.HK, today announced its participation in the HKMA's Ensemble Sandbox, a proof-of-concept for the distribution of global investment manager Franklin Templeton's tokenized fund product. The Sandbox is a project that revolves around tokenized asset trading and facilitates interbank settlements using experimental tokenized currencies. The Ensemble project aims to pioneer innovative financial markets...
To support the development of a sustainable business model for licensed virtual asset trading platforms, the Hong Kong Securities Supervision Commission is establishing a formal advisory group for all licensed virtual asset trading platforms, composed of representatives from each licensee, to ensure that the Securities Supervision Commission takes their views into account in formulating policy. The Hong Kong Securities Supervision Commission expects the advisory group to be launched in early 202...
Habibur Rahman, a resident of East Ham, denies charges of operating an unlicensed cryptocurrency ATM business and laundering money through cryptocurrency transactions. Rahman appeared at Medway Magistrates' Court and pleaded not guilty to charges of running an illegal machine without authorisation from the Financial Marekt Conduct Authority (FCA). Rahman is accused of exchanging 300,000 pounds of illegal cash into cryptocurrency between April 1 and June 16, 2022. Kent Police on April 28, 2023...
French custodian bank CACEIS has announced that it will allow users to access native digital currency market funds (MMFs), marking the launch of CACEIS 'new digital asset custody architecture. CACEIS is a subsidiary of Cre ́ dit Agricole, in which Santander owns nearly 30%. It has also recently been licensed by the Spanish Digital Asset Service Provider (DASP). It is reported that CACEIS currently only provides access to customers through the Ethereum blockchain.
Last year, the virtual asset trading platform JPEX was suspected of operating without a license and was suspected of fraud, causing a large number of investors to suffer losses. Two investors claimed to believe that JPEX was licensed and trusted before opening an account to invest in Thai coins. The two later found that the assets in the account were transferred without authorization. They had earlier filed a complaint with the district court to recover 2...
On September 25th, HashKey Exchange, a licensed virtual asset trading platform in Hong Kong, announced that its assets have exceeded 5 billion Hong Kong dollars, and the total trading volume has exceeded 530 billion Hong Kong dollars. * Note: As of September 24, 2024, the cumulative trading volume of HashKeyExchange has reached HK $530 billion.
Licensed virtual asset management company Pandu Fund briefly commented on the Federal Reserve's interest rate cut and reviewed the historical performance of various assets after the interest rate cut, indicating that the Federal Reserve's September meeting cut interest rates by 2 yards (25 basis points per yard) to 4.75~ 5.00% range. Bitcoin (the new asset class after 2008) has only experienced an interest rate cut cycle in 2019, and its regularity has not been found in the performance of each t...
OS, a licensed virtual asset trading platform of OSL Group, announced the opening of Solana (SOL) trading to professional investors, increasing the number of currencies on the platform for professional investors to fifteen. OSL said that the new trading pairs launched are SOL/USD, SOL/USDT and SOL/HKD, which are currently limited to professional investors and are not available for retail investors. OSL describes Solana as a high-performance blockchain designed for mass adoption, supporting ecosy...
OneDegree, a Hong Kong-based virtual insurance licensee, has announced a partnership agreement with Walaa Cooperative Insurance Company of Saudi Arabia, which will support OneDegree in providing global reinsurance funding for its digital asset insurance products. It is reported that OneDegree will join MENA in 2023 and partner with a number of local and international players who have chosen the local area as their Web3 business development base. By partnering with Walaa, OneInfinity by OneDegree...
On September 3rd, OSL Digital Securities Co., Ltd., a licensed digital asset trading platform of OSL Group, a listed digital asset company in Hong Kong, announced the appointment of Jack Tan (alias Jack Derong) as the new Chief Marketing Officer (CMO), who formerly served as the global marketing director of Moomoo, will be responsible for enhancing OSL's brand influence and expanding users in new areas, and consolidating OSL's branding impression and market position.
The Hong Kong Securities Supervision Commission issued an Anti-Money Laundering/Terrorist Financing Circular to Licensed Corporations, Virtual Asset Service Providers and Associated Entities, which states that the United Nations Security Council (UNSC) Sanctions Committee, which administers the ISIL (Da'esh) and Al Qaeda sanctions regimes, removed an individual from its sanctions list on 23 August 2024 (New York time). Licensed corporations, virtual asset service providers licensed by the Securi...