The crypto market sent ethereum classic (ETC) prices higher in Monday’s early hours (UTC time), amid reports that one of the top 35 market capitalization crypto networks experienced its third 51% attack in a month. ETC trades at USD 6.68 at pixel time (04:46 UTC) and rises by 3% per day, decreasing its weekly losses […]
On Feb 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies. In his recent budget speech, Chain indicated that the amendments will address recommendations made by the global financial watchdog, the Financial Action Task Force (FATF). New Regulations to affect […]
Binance, one of the world’s foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars. According to the Feb 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without any deposit fees. After depositing Hong Kong dollars, users are free to spend them on cryptocurrency. Deposits are enabled through a partnership […]
Cryptocurrency custody provider Legacy Trust has announced that it is launching the world’s first digital asset pension plan. It will give holders regulatory certainty and secure assets…
Cryptocurrency adoption in Hong Kong started with the recent protests that allowed citizens to look beyond the fiat currencies. As this week’s protests against Chinese interference in Hong Kong intensified, so too did the demand for bitcoin…
Hong Kong-based major property firm, Stan Group seeks a regulatory permit for its real estate assets. The firm is planning to meet the regulatory body of Hong Kong in the upcoming year. It wants the approval to sale the tokenized properties via blockchain technology. If the application gets approval, Hong Kong will witness the legal […]
Modern Terminals, a container terminal operator in Hong Kong, has adopted TradeLens, a blockchain-enabled technological solution, for documenting logistics data. The solution is developed by the duo, Maersk and IBM. As claimed, the solution will help in digitizing and streamlining the global supply chain process thereby improving the efficiency.