Tagged: hong kong

November 7, 2019 @ 2:13 am By Cali Haan  |  

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

October 31, 2019 @ 7:00 pm By Nick Raper  |  

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

October 24, 2019 @ 10:43 pm By Omar Faridi  |  

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

October 16, 2019 @ 12:49 pm By Samantha Hurst  |  

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

October 7, 2019 @ 7:30 am By Omar Faridi  |  

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

September 17, 2019 @ 2:16 pm By Samantha Hurst  |  

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

September 13, 2019 @ 9:54 am By Omar Faridi  |  

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

September 12, 2019 @ 11:04 pm By Omar Faridi  |  

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

September 11, 2019 @ 7:50 am By JD Alois  |  

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

September 10, 2019 @ 2:14 am By Omar Faridi  |  

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

September 6, 2019 @ 10:12 am By JD Alois  |  

Late last month, the Monetary Authority of Singapore (MAS) announced it has begun accepting applications for digital bank licenses. The new banking licenses are only for aspiring non-bank Fintechs. MAS leadership explained that virtual banks will help assure the banking sector remains resilient and competitive… Read More

August 26, 2019 @ 8:20 am By JD Alois  |  

ZhongAn Online (6060:HK), a Honk Kong-listed Insurtech, has reported a profit for the first 6 months of 2019 – the first time in the company’s history, according to a company release. As of 30 June 2019, ZhongAn Online said it provided services to 348 million… Read More

August 21, 2019 @ 3:22 am By Cali Haan  |  

A cryptocurrency ATM company gave out free water and umbrellas to protestors in Hong Kong July 1st, and crypto trading platforms have been, “providing a way to off-ramp from HKD…and advocating for transactional privacy,” as resistance to recent power assertions by China enters its 11th week. According… Read More

August 6, 2019 @ 9:22 pm By JD Alois  |  

According to a recent survey, in Singapore digital banking has some pent up demand. JD Power has published a brief retail banking satisfaction study and, according to their numbers, 65% of consumers are interested in opening digital bank accounts. This is an increase from the… Read More

August 6, 2019 @ 9:18 am By JD Alois  |  

ZhongAn Fintech Institute and KPMG China have joined together to publish a report, Insurtech: Infrastructure for New Insurance, on the fast emerging Insurtech marketplace. ZhongAn is an online-only Insurtech firm backed by some of the biggest names in China tech. ZhongAn trades on the Hong… Read More

August 5, 2019 @ 3:44 pm By Samantha Hurst  |  

Citi Hong Kong announced last week the launch of Citi PayAll, a payment solution that enables Citibank credit cardholders to settle one-off or recurring payments on the Citi Mobile App using their credit card while earning Points at the same time. According to Citi Hong… Read More

July 22, 2019 @ 10:49 am By JD Alois  |  

Not too long ago, the Chinese peer to peer lending industry was growing at a breakneck speed and the largest online lending market in the world. This sector of Fintech was the enormous in China as big names and aspiring platforms moved quickly to fill… Read More

July 20, 2019 @ 11:40 am By Cali Haan  |  

Wong Ching-Kit, a flashy 25-year old cryptocurrency promoter who tried to drum up business by throwing at least $6000 in HK $100 bills off a high-rise in one of Hong Kong’s poorest districts, has received a sentence of 10-day’s imprisonment suspended for 2 years, South… Read More

July 19, 2019 @ 10:09 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced earlier this week it is now shipping its MCO Visa Cards to customers in the U.S.  According to Crypto.com, the MCO Visa Card is a prepaid card that features high-end metal cards with no annual or monthly fees, up… Read More

July 18, 2019 @ 6:30 am By JD Alois  |  

ZhongAn Online P & C Insurance Co. Ltd. (6060:HK), a Chinese Insurtech backed by Alibaba founder Jack Ma and Tencent founder Pony Ma, has announced multiple changes to its executive leadership. ZhongAn went public in Hong Kong in 2017. At that time, it was Hong… Read More