News with the tag "Hong Kong SFC"

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is set to promote its cryptocurrency regulatory workforce in the upcoming fiscal year. In a newly released budget proposal for 2025-26, the SFC outlined plans to introduce 15 additional positions, eight of which will speci...

In a major development concerning crypto asset security, Hong Kong’s Securities and Futures Commission (SFC) has flagged 33 new suspicious websites falsely claiming to be affiliated with HashKey, a licensed cryptocurrency trading platform in the region. This announcement increases the number of repo...

The Hong Kong Securities and Futures Commission (SFC) has taken another significant step toward regulating the cryptocurrency sector. On December 18, 2024, the SFC announced that it had issued conditional licenses to four virtual asset trading platforms. The licensed exchanges—Accumulus GBA Technolo...

Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.

Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.

Two crypto influencers from Hong Kong are now on the International Criminal Police Organization (Interpol)’s Wanted List. The addition to the list comes after Hong Kong police requested a Red Notice from the international organization. The two men are being charged with theft, fraud, and money laund...

The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.

Hong Kong’s ambitions to become the most-desired destination for Web3 and crypto seem to be taking a backseat as some of the top global exchanges have withdrawn their licensing applications from Hong Kong’s Securities and Futures Commission (SFC). Global Exchanges Withdraw from Hong Kong As per the ...

Hong Kong’s Securities and Futures Commission (SFC) has recently announced it will conduct in-site office inspections for the crypto platforms seeking licensing. The watchdog highlighted that the 18 “deemed-to-be-licensed” applicants would have to undergo the examination to receive approval of their...

In a recent advisory, the Hong Kong Securities and Futures Commission (SFC) issued a stern warning about a cryptocurrency scam involving deepfake technology. This sophisticated scam uses AI-generated videos of tech entrepreneur Elon Musk to promote a fraudulent trading platform known as “Quantum AI....