HongKong
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Hong Kong đđ° will legalise #cryptocurrency trading.
Purchasing, selling, and trading in cryptocurrencies will be made completely legal for all #HongKong citizens on June 1st, 2023, according to reports.
#Bullish #adoption #building
Purchasing, selling, and trading in cryptocurrencies will be made completely legal for all #HongKong citizens on June 1st, 2023, according to reports.
#Bullish #adoption #building
đ„ Hong Kong đđ° to legalise #cryptotrading
On June 1st, 2023, Hong Kong will officially make #cryptocurrency purchasing, selling, and trading entirely legal for all of its residents, according to reports.
#HongKong #trading #crypto2023 #Binance
On June 1st, 2023, Hong Kong will officially make #cryptocurrency purchasing, selling, and trading entirely legal for all of its residents, according to reports.
#HongKong #trading #crypto2023 #Binance
#HongKong may hold public consultations on specific virtual asset regulation rules next week
#hongkongweb3 #crypto2023 #Regulation #BTC
#hongkongweb3 #crypto2023 #Regulation #BTC
SFC Gave Signum Digital Permission To Start Hong Kong's First Security Token Offering
The first company in #HongKong to obtain preliminary approval to run a platform for trading security tokens is #Signum Digital.
The security token offering and subscription platform for Signum Digital, a partnership between the digital asset consulting firm Coinstreet Holdings and the Hong Kong financial organization Somerley Capital Holdings (Somerley Capital Holdings), revealed on March 17 that it had acquired Hong Kong securities and received Futures Commission approval in principle.
Signum Digital aims to offer professional investors a platform for security tokens that are traded on the blockchain and linked to various asset classes like private equity, real estate, art, and collectibles. Under the condition that Signum receives final approval from the Hong Kong Securities and Futures Commission, it will use the name "CS-Pro" to run the platform. The platform will be the first of its kind in Hong Kong, claims Signum.
The #SFC released draft rules for trading virtual assets last month, requiring #cryptocurrency exchanges to apply for licenses so that beginning in June, ordinary investors could trade specific high-capitalization tokens.
Presently, only professional investors with at least HK$8 million (about US$1 million) in assets that have been proven can trade virtual assets in the region. Major cryptocurrency exchange Huobi Global also said last month that it is applying for a Hong Kong operating license and may move its headquarters there from Singapore.
The security token offering and subscription platform for Signum Digital, a partnership between the digital asset consulting firm Coinstreet Holdings and the Hong Kong financial organization Somerley Capital Holdings (Somerley Capital Holdings), revealed on March 17 that it had acquired Hong Kong securities and received Futures Commission approval in principle.
Signum Digital aims to offer professional investors a platform for security tokens that are traded on the blockchain and linked to various asset classes like private equity, real estate, art, and collectibles. Under the condition that Signum receives final approval from the Hong Kong Securities and Futures Commission, it will use the name "CS-Pro" to run the platform. The platform will be the first of its kind in Hong Kong, claims Signum.
The #SFC released draft rules for trading virtual assets last month, requiring #cryptocurrency exchanges to apply for licenses so that beginning in June, ordinary investors could trade specific high-capitalization tokens.
Presently, only professional investors with at least HK$8 million (about US$1 million) in assets that have been proven can trade virtual assets in the region. Major cryptocurrency exchange Huobi Global also said last month that it is applying for a Hong Kong operating license and may move its headquarters there from Singapore.
đšBREAKINGđš
Starting from June 1st, #HongKong will officially allow all retail investors to invest in large-cap #Cryptocurrencies
#Cryptocurrency investing will become fully legal for all Hong Kong citizens
Starting from June 1st, #HongKong will officially allow all retail investors to invest in large-cap #Cryptocurrencies
#Cryptocurrency investing will become fully legal for all Hong Kong citizens
Hong Kong Aims to Become Global Hub for Cryptocurrency Businesses
#HongKong Kong is reportedly making efforts to position itself as a global hub for Bitcoin and other cryptocurrency-related businesses by facilitating banking and financing services for these firms. According to Bloomberg, this move is aimed at attracting more cryptocurrency businesses to set up operations in Hong Kong and drive economic growth in the region. By offering regulatory clarity and a favorable business environment, Hong Kong hopes to attract more investment in the cryptocurrency industry and establish itself as a leading hub for crypto businesses. This development is likely to be seen as positive news by the cryptocurrency community, as it signals a growing acceptance and integration of cryptocurrencies into the traditional financial system.
#BTC #crypto2023 #BNB #bicasso
#BTC #crypto2023 #BNB #bicasso
đđ° Hong Kong fund led by Ben Ng aims to raise $100 million to invest in #crypto startups.
#HongKong #BTC #crypto2023 #Binance #crypto101
#HongKong #BTC #crypto2023 #Binance #crypto101
**Hong Kong's Regulatory Shift on Cryptocurrency Spot ETFs**: The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued circulars indicating their readiness to accept applications for cryptocurrency spot ETFs. These circulars lay out the requirements for fund managers to offer cryptocurrency spot ETFs, including the need for a government license, reflecting an index based on trading volume on major cryptocurrency exchanges, and using government-licensed custody services. Prior consultation with the SFC is also required if the cryptocurrency exposure proportion of net asset value is more than 10%. This move represents a shift in Hong Kong's regulatory stance on cryptocurrency ETFs. đđ°đŒ #HongKong #CryptocurrencyETF #Regulation
They are saying that the #HongKong #SpotBitcoinETF is a ''sell the news'' event.
Just like the US Spot #BitcoinETF also was ''sell the news''?
Just like the US Spot #BitcoinETF also was ''sell the news''?
Breaking NewsđšHong Kong is ready to approve Bitcoin and Ethereum spot ETFs as early as Monday
Bloomberg reported, citing people familiar with the matter, that Hong Kong is ready to approve Bitcoin and Ethereum spot ETFs as early as Monday.
The international subsidiary of Chinese asset management company Harvest Fund Management Co., Ltd. and the partnership between Bosera Asset Management (International) Co., Ltd. and HashKey Capital are expected to obtain approval for the two crypto spot ETFs.
People familiar with the matter said that regulators may approve it as early as next Monday, but the timetable is not fixed and may still change at the last minute.
#ETF #HongKong #ETFs $BTC $ETH
Bloomberg reported, citing people familiar with the matter, that Hong Kong is ready to approve Bitcoin and Ethereum spot ETFs as early as Monday.
The international subsidiary of Chinese asset management company Harvest Fund Management Co., Ltd. and the partnership between Bosera Asset Management (International) Co., Ltd. and HashKey Capital are expected to obtain approval for the two crypto spot ETFs.
People familiar with the matter said that regulators may approve it as early as next Monday, but the timetable is not fixed and may still change at the last minute.
#ETF #HongKong #ETFs $BTC $ETH
#Write2earn #HongKong Welcomes Crypto #ETFs : A Potential Game Changer in the Global Market #BitcoinETF #HKETF
In Hong Kong, a new set of cryptocurrency-focused exchange-traded funds (ETFs) debuted, introducing Bitcoin and Ether ETFs to the city's market. This launch poses a potential challenge to similar products in the US and reflects Hong Kong's efforts to establish itself as a regulated hub for digital assets. The demand for these funds will offer insight into the city's progress as a financial center, aiming to regain its reputation amidst recent political tensions. Despite cryptocurrency trading being banned in mainland China, the new funds present an opportunity for Chinese investors, albeit with uncertainties regarding access. The ETFs in Hong Kong adopt a different subscription and redemption model than US funds, potentially enhancing their appeal. While Hong Kong may lag behind the US in spot-crypto ETF launches, local products are expected to attract attention due to their accessibility, particularly during Asian trading hours. The cryptocurrency market has experienced a rebound since 2022, although recent gains have slowed. Bitcoin and Ether, trading at $63,540 and stabilizing, respectively, remain below their peak values. Regulatory approval of these ETFs in Hong Kong does not signify endorsement of cryptoassets, according to Christina Choi of the Securities and Futures Commission. Investors will closely monitor data from issuers to assess the impact on crypto prices, similar to how data from US funds influences market trends.
In Hong Kong, a new set of cryptocurrency-focused exchange-traded funds (ETFs) debuted, introducing Bitcoin and Ether ETFs to the city's market. This launch poses a potential challenge to similar products in the US and reflects Hong Kong's efforts to establish itself as a regulated hub for digital assets. The demand for these funds will offer insight into the city's progress as a financial center, aiming to regain its reputation amidst recent political tensions. Despite cryptocurrency trading being banned in mainland China, the new funds present an opportunity for Chinese investors, albeit with uncertainties regarding access. The ETFs in Hong Kong adopt a different subscription and redemption model than US funds, potentially enhancing their appeal. While Hong Kong may lag behind the US in spot-crypto ETF launches, local products are expected to attract attention due to their accessibility, particularly during Asian trading hours. The cryptocurrency market has experienced a rebound since 2022, although recent gains have slowed. Bitcoin and Ether, trading at $63,540 and stabilizing, respectively, remain below their peak values. Regulatory approval of these ETFs in Hong Kong does not signify endorsement of cryptoassets, according to Christina Choi of the Securities and Futures Commission. Investors will closely monitor data from issuers to assess the impact on crypto prices, similar to how data from US funds influences market trends.
đđđ° Exciting news from Hong Kong! With the adoption of ETFs, especially the approval of its first Bitcoin ETF, set to launch as early as the 15th of this month, many are wondering: Will A-share investors rush in to take over? đ€đŒ
This move marks a significant milestone in the crypto world, opening up new avenues for investors to enter the market and gain exposure to Bitcoin through regulated and traditional investment channels. đđ°
With the allure of ETFs, A-share investors may indeed be tempted to dive into the world of cryptocurrencies, seeking to capitalize on this innovative investment opportunity. đđŒ
Only time will tell how this development will impact the crypto landscape, but one thing's for sure: the future of digital assets looks brighter than ever in Hong Kong! đđ #BitcoinETF #HongKong #CryptoInvesting đđ°
Follow | Like â€ïž | Quote đ | Commentđ
This move marks a significant milestone in the crypto world, opening up new avenues for investors to enter the market and gain exposure to Bitcoin through regulated and traditional investment channels. đđ°
With the allure of ETFs, A-share investors may indeed be tempted to dive into the world of cryptocurrencies, seeking to capitalize on this innovative investment opportunity. đđŒ
Only time will tell how this development will impact the crypto landscape, but one thing's for sure: the future of digital assets looks brighter than ever in Hong Kong! đđ #BitcoinETF #HongKong #CryptoInvesting đđ°
Follow | Like â€ïž | Quote đ | Commentđ
đš BREAKING đš
$BITCOIN ADS WERE SPOTTED IN HONGKONG SUBWAY.
ON MONDAY, IT IS EXPECTED THAT BITCOIN ETF WILL BE APPROVED.
#HongKong #BTCAds #BinanceLaunchpool #cpi #WIF $BTC
$BITCOIN ADS WERE SPOTTED IN HONGKONG SUBWAY.
ON MONDAY, IT IS EXPECTED THAT BITCOIN ETF WILL BE APPROVED.
#HongKong #BTCAds #BinanceLaunchpool #cpi #WIF $BTC
Brian Chan, the group head of investment and products at VSFG, disclosed that the team is actively engaged in discussions with the Securities and Futures Commission (SFC) of Hong Kong to bring the Bitcoin ETF to reality.
While the target launch month is May, the team remains flexible, considering a June launch as a fallback option to deal with potential regulatory hurdles.
#ETFsâ #HongKong #BTChaving2024
While the target launch month is May, the team remains flexible, considering a June launch as a fallback option to deal with potential regulatory hurdles.
#ETFsâ #HongKong #BTChaving2024
HSBC Launches Blockchain Gold Tokens in Hong Kong
HSBC has just launched a groundbreaking gold tokenization product for retail investors in Hong Kong, in collaboration with Swiss crypto specialist Metaco. This move marks a significant step in blending traditional finance with modern blockchain technology, offering a new, secure way to invest in gold.
Key Highlights:
First of its kind in Hong Kong by a major bank.Makes investing in gold more accessible and efficient.Partnership with crypto custody expert, Metaco.
This innovation opens up fresh investment opportunities and could lead the way for more blockchain-based financial products. Stay updated on how this transforms the investment scene!
#HSBC #BlockchainCommunity #GoldTokens #HongKong #InvestingJourney
Key Highlights:
First of its kind in Hong Kong by a major bank.Makes investing in gold more accessible and efficient.Partnership with crypto custody expert, Metaco.
This innovation opens up fresh investment opportunities and could lead the way for more blockchain-based financial products. Stay updated on how this transforms the investment scene!
#HSBC #BlockchainCommunity #GoldTokens #HongKong #InvestingJourney
đSTRONGER BULLISH NEWS THAN THE U.S. ETF.đ
1.Hong Kongâs financial regulator has published guidelines for the approval of BOTH âin-kindâ and âcash createsâ Spot #Bitcoin ETFs! đ
This is arguably MORE bullish than the US ETFs, as most of the volume in #crypto comes from the Asian markets.
2. And secondly, the approval of âin-kindâ refers to the buyers being able to redeem the ETFs for the actual underlying asset of #Bitcoin
 are dropping, both long-term and short-term buyers are accumulating, and that after the halving, we will have much less #Bitcoin available per day in market.
đ€So what does this mean?đ€
In summary, supply will drop DRASTICALLY and demand will INCREASE.
All of these factors are incredibly bullish, and increase the probability of a super cycle in 2024!
Good luck and follow me for more news, content, trends and even signals in the futuređ€.
I am reposting my article as a post because the images didnt load into the article, no idea why, sorryđ .
$BTC #BitcoinETFs! #bullish #HongKong #Regulations
1.Hong Kongâs financial regulator has published guidelines for the approval of BOTH âin-kindâ and âcash createsâ Spot #Bitcoin ETFs! đ
This is arguably MORE bullish than the US ETFs, as most of the volume in #crypto comes from the Asian markets.
2. And secondly, the approval of âin-kindâ refers to the buyers being able to redeem the ETFs for the actual underlying asset of #Bitcoin
 are dropping, both long-term and short-term buyers are accumulating, and that after the halving, we will have much less #Bitcoin available per day in market.
đ€So what does this mean?đ€
In summary, supply will drop DRASTICALLY and demand will INCREASE.
All of these factors are incredibly bullish, and increase the probability of a super cycle in 2024!
Good luck and follow me for more news, content, trends and even signals in the futuređ€.
I am reposting my article as a post because the images didnt load into the article, no idea why, sorryđ .
$BTC #BitcoinETFs! #bullish #HongKong #Regulations
