Hong Kong‘s largest online broker Futu launches Bitcoin trading, signalling a major step in integrating cryptocurrency.
HONG KONG
Hong Kong has debuted Asia's first inverse bitcoin ETF, allowing investors to profit from declines in bitcoin prices.
Hong Kong is developing an AI tool for the public following OpenAI's restrictions, catering to local language issues.
Eleven cryptocurrency exchanges, or over a third of all applicants, withdrew their applications for licences between March and the end of May.
Other regions like Singapore, Malta, and Switzerland offer clearer, more supportive regulatory frameworks for the crypto industry.
The city's relatively supportive regulatory framework and established financial infrastructure attract crypto businesses seeking stability.
The SFC of Hong Kong has granted licences to three ETF providers, including ChinaAMC, Harvest Global, and Bosera International.
The Wiki Finance Expo Hong Kong 2024 will take place in May, exploring trends in regulation, crypto, AI & more.
HKVAEX, a Hong Kong-based cryptocurrency exchange, has initiated a phased suspension of their services, leading to a complete shutdown by May.
Alibaba Group Holding has decided to withdraw the initial public offering (IPO) of its Hong Kong logistics business, Cainiao.
The Global Shipping Business Network has recently unveiled its electronic bill of landing prototype product in collaboration with Ant Group.
Hong Kong's financial institutions are seizing the lead in the crypto industry with the launch of ethereum ETFs ahead of U.S.
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