Global #Hong Kong

Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market.

Hong Kong, renowned as Asia's most vibrant financial hub, stands out with its unique status within China, enjoying a degree of autonomy in policy-making owing to its colonial history under the British Empire.

In a move that has sparked both intrigue and debate, a prominent Hong Kong lawmaker has proposed the inclusion of Bitcoin in the city’s fiscal reserves. This audacious suggestion reflects a growing interest in digital currencies as legitimate financial instruments and highlights Hong Kong's evolving stance on cryptocurrency regulation and investment.

The world of stablecoins is getting a new player – a digital currency pegged 1:1 to the Hong Kong dollar (HKD). This announcement by Jingdong Coinlink Technology Hong Kong Limited, a subsidiary of JD Technology Group, marks a significant development for Hong Kong's foray into blockchain technology.

Brace yourselves, Bitcoin bears! Hong Kong has launched the first inverse Bitcoin ETF in Asia, allowing investors to wager on a potential decline in the cryptocurrency's value.

Hong Kong's efforts to establish itself as a hub for regulated cryptocurrency trading hit another snag as HKX, a local exchange, withdrew its license application.