Tagged: hong kong

May 29, 2019 @ 8:29 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed NEO, as well as Bitcoin Cash (BTC) on its Wallet & Card App. According to Crypto.com, the addition of the currencies brings the total amount of the cryptos on its site to twenty-two.  NEO… Read More

May 27, 2019 @ 9:52 pm By Cali Haan  |  

Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

May 14, 2019 @ 7:42 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MoU) to collaborate on Fintech innovation between the two regulatory authorities. The MoU was signed between Norman Chan, Chief Executive of the HKMA, and Veerathai Santiprabhob, Governor… Read More

May 9, 2019 @ 8:33 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

April 29, 2019 @ 8:30 am By JD Alois  |  

DIT Fintech Bridge As London Fintech Week kicks off, the Department for International Trade (DIT), in partnership with Her Majesty’s Treasury (HMT), have announced new programs to boost Fintech innovation. According to a release from DIT, the UK will be building upon their Fintech Bridge… Read More

April 29, 2019 @ 7:24 am By JD Alois  |  

AngelHub has received regulatory approval, including two separate securities licenses, according to a report in the SCMP. Based in Hong Kong and part of the burgeoning Fintech scene, AngelHub is the first platform to receive such approval. AngelHub is the creation of the founders of… Read More

April 23, 2019 @ 8:03 am By JD Alois  |  

The Asian Summit on Security Tokenization Bringing operational efficiency and liquidity to capital markets. This event is part of our innovative global series of high-level events designed to bring together industry leaders with total focus on the realisation of the security token ecosystem, bringing together,… Read More

April 17, 2019 @ 4:06 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed Basic Attention Token (BAT), Ether (ETH), Litecoin (LTC), Binance Coin (BNB), XRP, Enjin Coin (ENJ), as well as Crypto.com’s own MCO and CRO tokens. Crypto.com reported: “The Basic Attention Token (BAT) aims to improve… Read More

April 13, 2019 @ 4:00 pm By Xu Gao  |  

China Implements First National Standard for Insurance Sector On April 11th, China has implemented its first national standard for the insurance industry. The national standard incorporates 817 entries of professional terms, serving as a fundamental standard for various terms in the insurance sector, according to… Read More

April 11, 2019 @ 9:06 pm By Samantha Hurst  |  

gini, a Hong Kong-based fintech that specializes in smart spending-tracking, announced on Thursday it raised $1.6 million through its seed funding round, which involved participation from Mountain Partners, Treuenburg Group, Global Technology Alliance (GTA), Dr. Cornelius Boersch, the European Investment Fund (backed by EIB), and Hong Kong-based… Read More

April 10, 2019 @ 10:40 am By JD Alois  |  

Welab Digital Limited (WDL) has been approved by the Hong Kong Monetary Authority (HKMA) to receive a virtual banking license. This is the 4th license for a virtual bank which is now approved to operate in Hong Kong since a consultation on digital banking took… Read More

April 9, 2019 @ 8:19 am By JD Alois  |  

OurCrowd portfolio company, Hong Kong-based Klook, has raised $425 million in funding in a Series D round led by Softbank Vision Fund. Klook is a travel activity and services booking platform. Klook said it raised $225 million in Series D+ funding increasing the company’s total… Read More

April 6, 2019 @ 12:37 pm By JD Alois  |  

Late last month, the Hong Kong Monetary Authority (HKMA) announced the issuance of the very first virtual banking licenses. While many jurisdictions around the world are pursuing policies that encourage Fintech innovation and digital banking what was unique about the HKMA’s announcement was the rapidity… Read More

April 1, 2019 @ 8:02 am By JD Alois  |  

Invest Hong Kong (InvestHK) has announced a “significant expansion” of its annual Hong Kong Fintech Week. Hong Kong has emerged as a leading center for financial innovation. Supported by government officials, Fintech disruption has gained velocity.  Just recently, Hong Kong announced the approval of the… Read More

March 30, 2019 @ 4:07 am By Cali Haan  |  

The Hong Kong Securities and Futures Commission (SFC) has issued a statement intended to guide issuers, intermediaries and investors engaging with security token offerings (STOs). In short, STO issuers and intermediaries: must be Type 1 licensed or registered to deal securities in Hong Kong or… Read More

March 30, 2019 @ 4:01 am By Xu Gao  |  

Parent Company of Shuidi Crowdfunding Receives nearly ¥500 million B-round Funding led by Tencent Shuidi, the parent company of Shuidi Crowdfunding and Shuidi Mutual Insurance, announced this week that it had received a nearly ¥500 million B-round financing. This investment was led by Tencent, and… Read More

March 29, 2019 @ 11:21 am By JD Alois  |  

Legacy Trust Company, a Hong Kong-licensed and Public Registered Trust Company, has formed a partnership with Ledger to provide “institutional-grade custody solutions” for digital assets, according to Ledger. The goal is to “help accelerate the flow of institutional money into digital assets.” As is the… Read More

March 28, 2019 @ 1:49 pm By JD Alois  |  

InvestHK (Invest Hong Kong) commented on the news this week that the Hong Kong Monetary Authority (HKMA) had approved the first three virtual banking licenses. InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Their mission is to… Read More

March 28, 2019 @ 7:42 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has announced the first three virtual bank licenses. Applications were opened at the end of 2018 as aspiring digital banks moved quickly to complete the process. The HKMA said the three licenses were granted to: Livi VB Limited, SC Digital… Read More

March 27, 2019 @ 4:07 pm By Samantha Hurst  |  

Standard Chartered Bank Limited, PCCW Limited, HKT Trust and HKT Limited, and Ctrip Financial Management Co., Limited announced on Wednesday the establishment of a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong. According to the organizations, this new joint… Read More