Regulation
Hong Kong to invest US$6.37 million to spur Web3 growth
Hong Kong is allocating HK$50 million (US$6.37 million) to develop its Web3 sector, the Financial Secretary Paul Chan announced Wednesday.
Danny Park
Lens
Hong Kong
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Regulation
Huobi plans to move headquarters to Hong Kong from Singapore
Cryptocurrency exchange Huobi Global is seeking to relocate its Asia headquarters from Singapore to Hong Kong.
Danny Park
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Regulation
How Web3 in China is taking shape — with ‘Chinese characteristics’
What makes Web3 compelling to many is its promise to shift power from centralized players to individual users, but China is doing the opposite, writes Lily King.
Lily Z. King
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Regulation
Hong Kong begins public consultation on crypto licensing regime
The Hong Kong Securities and Futures Commission is calling for public feedback on its new proposals to regulate the crypto industry set to take effect in June.
Dylan Butts
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Advanced Blockchain Technologies
Conflux Network, China Telecom to build blockchain-enabled SIM cards
Blockchain protocol Conflux Network and China's second-largest wireless carrier China Telecom have partnered to build a “blockchain-enabled SIM card” (BSIM).
Dylan Butts
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Altcoins
Hong Kong hopes to raise US$102 mln from digital green bonds debut: Bloomberg
The Hong Kong government is looking to raise US$102 million through the pilot issuance of its digital green bonds, according to a Monday report from Bloomberg.
Dylan Butts
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Regulation
Singapore’s DBS bank plans to apply for crypto license in HK: report
Singapore’s DBS Group plans to apply for a license to offer crypto to Hong Kong customers as the city pushes to become a hub for digital assets.
Dylan Butts
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Altcoins
Huobi to expand in Hong Kong as it bets on China
Huobi Global plans to expand its operations in Hong Kong, anticipating that Mainland China will soon follow the city's recent pro-crypto shift, says Justin Sun.
Dylan Butts
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Regulation
Hong Kong to mandate stablecoin licensing as early as this year
The HKMA said in a consultation conclusion that algorithmic stablecoins will not be allowed in the city.
Valida Pau
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Regulation
Apple, New York Times, Hong Kong Government listed among FTX creditors
Lawyers for the bankrupt cryptocurrency exchange, FTX.com, filed a document with a list of its institutional creditors on Thursday, which included major technology firms, publications and government bodies.
Dylan Butts
