Tagged: hong kong

Crypto.com Announcement: Exchange Public Beta Is Now Live

Hong Kong cryptocurrency exchange Crypto.com announced on Wednesday it has opened its platform to the public after launching in private beta this past month. Crypto.com claims that its platform enables users to trade digital assets on the “most liquid and secure platform” in the market… Read More

Ten Leading Fintech Firms Took to the Final Stage at Alibaba-backed FintechHK Global Competition

Ten leading Fintech companies recently took to the final stage at the FintechHK Global Competition. FintechHK Global Competition is supported by InvestHK, the department of the Hong Kong SAR government that handles Foreign Direct Investment. InvestHK supports overseas, mainland China and Taiwanese businesses by helping… Read More

Netherlands’ 3rd Largest Bank: ABN Amro’s Hong Kong Division Introduces Tenemos’ Payment Technology

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, recently revealed that its Hong Kong division had introduced Temenos’ payment technology offering, called Temenos Payments, as part of the platform’s global launch. Temenos Payments has reportedly been installed at the institution’s subsidiaries in Australia, Belgium,… Read More

HSBC Says there’s No Need for a Virtual Bank License to Provide Digital Banking Services

HSBC has been focusing on improving its digital banking platform in order to attract more tech-savvy clients, as the giant financial institution continues to face competition from Fintech firms and new payment services companies. There are reportedly eight new virtual banks that are expected to… Read More

Regtech: AML and Counter-Terrorism Financing Firm Silent Eight Raises $6.2 Million via Series A Round

Silent Eight, a Singapore-based regulatory technology (Regtech) company, announced on November 14 that it had raised an oversubscribed $6.2 million through a Series A investment round. The funds raised will be used to recruit new talent in order to support Silent Eight’s new clients who… Read More

Challenger Bank Tandem Hires Former HSBC Head of Banking Products

Tandem Bank has hired the former HSBC Head of Banking Products Kunal Malani as Chief Growth Officer. The appointment comes at a time when the challenger bank is planning an expansion into Hong Kong. Ricky Knox, Tandem Bank CEO, said he was delighted to bring… Read More

Crypto.com Announces New Partnership With Singapore’s Payment Processing Gateway Xfers

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has formed a new partnership with Xfers, a Singapore-based payment processing gateway, to enable its users to buy and sell crypto in SGD by December 2019. According to Crypto.com, users will be able to instantly buy crypto… Read More

Chinese Tech Giant Tencent to Launch a Blockchain-based Virtual Bank in Hong Kong

Chinese tech giant Tencent is reportedly preparing to launch a blockchain-enabled virtual bank, after the company obtained a license from the Hong Kong Monetary Authority (HKMA). Previously, Crowdfund Insider has reported that 8 virtual bank licenses have been issued with the most recent (4) being announced… Read More

Hong Kong Securities Regulator: Stablecoin Cryptocurrencies Beg Global Rule Framework

Ashley Alder, CEO of the Hong Kong Securities and Futures Commission told attendees at Hong Kong Fintech Week on Wednesday that Facebook’s Libra has forced, “the international regulatory community…to get its act together very rapidly,” regarding the financial stability risks of stablecoin cryptocurrencies. He also said… Read More

Tandem Bank Announces Hong Kong Expansion

Tandem Bank is expanding into Hong Kong. The UK based challenger bank announced in a release that Tandem is working closely with Convoy Global Holdings on the launch. Tandem Bank expects to officially open up operations before the end of 2019. Convoy Global Holdings is… Read More

Report: North Korea Used Hong Kong Blockchain Platform for Money Laundering

The UN Security Council’s Sanctions Committee on North Korea has identified a Hong Kong business using a “blockchain platform” to launder money on behalf of the Pyongyang regime, Chosunilbo reports. The business, Marine China, reportedly, “set up a shipping and logistics firm run on a blockchain… Read More

Open Banking: Learning Lessons from Asia

With the implementation of PSD2 in Europe, Open Banking payment solutions are starting to be rolled out across the UK and Europe. But while the core Open Banking payment solutions are live, there is a long way to go until we see the widespread adoption… Read More

Reg A+ Issuer Blockstack Has STX Token Listed on Binance and HashKey Pro

New York-based Blockstack, a decentralized computing network where users control their data and login information, announced that its Stacks (STX) token has been listed on digital asset exchanges Binance and HashKey Pro. Hashkey Pro is a Hong Kong based digital asset exchange for institutional investors…. Read More

Korea Mobile App Payvil Forms New Patnership with Hong Kong’s TNG FinTech Group to Provide Global Payment Services

Emolize Co., Ltd, a Korean cross-border mobile payment platform, announced on Wednesday it has expanded its global payment services through its mobile app, Payvil, to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019. The… Read More

Hong Kong’s Securities and Futures Commission Updates Digital Asset Regulations

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has released an updated regulatory framework for digital asset fund managers. The SFC posted the guidelines on its official website on October 4. SFC’s 37-page document, titled “Proforma Terms and Conditions for Licensed Corporations which… Read More

Crypto.com Announces Launch of Chain Public Testnet Alpha Version

Hong Kong-based cryptocurrency platform Crypto.com announced on Tuesday the alpha version release of the Crypto.com Chain public testnet. According to Crypto.com, the launch comes ahead of schedule and 10 months after the announcement of the Crypto.com Chain, which is a high-performing blockchain powering the QR… Read More

Hong Kong-based Investment Platform BnkToTheFuture to Facilitate Security Token Offerings, Invests in UK based Blockchain Consultancy Diacle

Hong Kong-based fundraising platform BnkToTheFuture is planning to facilitate security token offerings (STOs). The move will be facilitated by a strategic investment in Diacle. Founded in 2013, Diacle is an appointed representative of Met Facilities LLP, which is authorised and regulated by the UK Financial… Read More

Cryptocurrency Exchange Huobi Plans to Acquire Public Hong Kong Firm in $77 Million Deal

Digital asset exchange Huobi appears to be pursuing a reverse initial public offering (IPO), according to a document shared with the Hong Kong Stock Exchange (HKEX). Hong Kong-listed electronics firm Pantronics Holdings Limited, which was acquired by Huobi in August 2018, will be changing its… Read More

First Hong Kong Licensed Crowdfunding Platform AngelHub, plus Sister Company WHub, Raises $3 Million in Funding

AngelHub and WHub have closed on a USD $3 million led by Kharis Capital and Hong Kong Fintech Unicorn TNG Fintech Group. AngelHub and WHub were co-founded by Karena Belin and Karen Contet Farzam. Daniel Grossmann, co-founder of Kharis Capital will be joining the board… Read More

Chinese Electronics Giant Xiaomi Is Expanding Rapidly into Global Mobile Phone Markets

Beijing-headquartered mobile technology and software firm Xiaomi has been developing premium smartphones and selling them at competitive prices. Referred to as the “Apple of China,” the consumer electronics company recently penetrated India’s consumer markets. Xiaomi’s smartphone has become India’s most popular mobile device, according to… Read More

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