Hong Kong – See the Reality https://www.seethereality.com Official Crypto News Website Mon, 26 Jun 2023 13:00:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.seethereality.com/wp-content/uploads/2023/03/cropped-onlinelogomaker-032123-0229-2177-32x32.png Hong Kong – See the Reality https://www.seethereality.com 32 32 HSBC Hong Kong purchasers can now commerce Bitcoin, Ethereum Futures ETF https://www.seethereality.com/?p=32881 https://www.seethereality.com/?p=32881#respond Mon, 26 Jun 2023 13:00:38 +0000 https://www.seethereality.com/?p=32881 HSBC purchasers in Hong Kong can now purchase Bitcoin (BTC) and Ethereum (ETH) futures ETFs per crypto journalist Colin Wu.

Wu wrote:

“This transfer will enhance entry to cryptocurrencies in Hong Kong for native customers.“

Presentlycryptocurrency ETFs corresponding to CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Energetic ETF are listed on this area.

Related to the discharge is HSBC A digital asset investor training heart aimed toward educate clients in regards to the varied dangers related to cryptocurrencies. Customers who wish to purchase cryptocurrency ETFs by the platform should learn and “verify the academic materials” earlier than investing.

Hong Kong has lately positioned itself increasingly as a crypto-friendly jurisdiction. A number of initiatives purpose to advertise digital asset participation, together with the creation of an trade licensing system, funding for web3 growth, and regulatory requires banks to deal with cryptocurrency clients pretty.

As well as, metropolis officers stated they’re dedicated to 2024. undertake stablecoin laws. Monetary Companies and Treasury Secretary Christopher Hui Ching-yu commented {that a} “holistic and predictable” method could be taken.

seethereality contacted HSBC Hong Kong for additional remark, it didn’t reply by press time.

The publish HSBC Hong Kong Shoppers Can Now Commerce Bitcoin, Ethereum Futures ETF appeared first on seethereality.

]]> https://www.seethereality.com/?feed=rss2&p=32881 0 Coinbase has been taken to court docket by a Hong Kong lawmaker amid authorized hassle within the US https://www.seethereality.com/?p=30101 https://www.seethereality.com/?p=30101#respond Wed, 14 Jun 2023 12:58:28 +0000 https://www.seethereality.com/?p=30101 Log in by way of entry protocol Entry Protocol is the cost wall of internet 3 monetization. When customers interact in ACS, they’ll entry paid content material. Study extra > Disclaimer: By selecting to lock your ACS tokens […]]]>

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]]> https://www.seethereality.com/?feed=rss2&p=30101 0 Hong Kong police launch Cyberdefender Metaverse to combat crime on the Web3 https://www.seethereality.com/?p=26069 https://www.seethereality.com/?p=26069#respond Mon, 29 May 2023 21:18:48 +0000 https://www.seethereality.com/?p=26069
cyber defender
Cyberdefender Metaverse

The Hong Kong Police Cyber ​​Safety and Expertise Crime Bureau (CSTCB) launched the CyberDefender Metaverse platform at the side of the inaugural on-line occasion Exploring the Metaverse.

This initiative educates folks concerning the threats and alternatives of the web3 and meta. It additionally goals to boost consciousness of recent technology-related crimes and supply members a singular expertise.

CyberDefender Metaverse launched three digital areas to the general public: CyberDefender Metropolis and Web3 Gallery and Auditorium. The gallery has obtained greater than 350 guests and the web occasion has attracted greater than 120 younger college students, academics and oldsters for the reason that platform’s beta testing started.

In response to the press launch, in 2022, 2,336 circumstances of crimes associated to digital property have been registered in Hong Kong, amounting to greater than 1.7 billion. The variety of circumstances in Hong Kong has elevated considerably this yr. There have been 663 circumstances and a loss restrict of $570 million: 44% and 75% extra respectively in comparison with the earlier yr. These incidents reveal how cybercriminals exploit the general public’s restricted data of digital property.

Through the sharing session, CSTCB Chief Inspector Ip Cheuk-yu offered insights into the potential dangers within the metaverse and the significance of crime prevention. He identified that cybercrimes generally seen on-line, reminiscent of funding fraud, unauthorized entry to the system, theft and sexual crimes, also can happen within the metaverse.

In February, Interpol introduced its dedication to combating prison exercise within the digital world. She revealed her plans to create a safe server for regulation enforcement officers to research metaversion and perceive potential crimes and options.

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]]> https://www.seethereality.com/?feed=rss2&p=26069 0 China embraces innovation with bold Web3 white paper https://www.seethereality.com/?p=25636 https://www.seethereality.com/?p=25636#respond Sat, 27 May 2023 13:24:54 +0000 https://www.seethereality.com/?p=25636
Market information
  • China Releases Internet 3.0 Innovation and Growth White Paper (2023).
  • Beijing goals to develop into a worldwide innovation middle for the digital financial system, with Zhongguancun as its point of interest.

In a daring transfer this morning, China’s capital Beijing signaled its dedication to the evolution of the Web by unveiling an bold mission often called the “Internet 3.0 Innovation and Growth White Paper (2023).”

This landmark doc, promoted by native media outlet The Paper, factors to web3 know-how as an “inevitable path” for the longer term growth of the Web business.

This was introduced by the Beijing Municipal Science and Know-how Fee, which was additionally celebrated because the Administrative Fee of Zhongguancun Science Park.

In a inventive act, the fee expressed its aim to rework Beijing into a worldwide crucible of innovation for a thriving digital financial system. To facilitate this, town’s Chaoyang District will yearly till 2025. will present a particular fund of not less than 100 million yuan (about 14 million US {dollars}).

The bustling district of Zhongguancun, sometimes called the Silicon Valley of China, is the positioning of this bold mission. The white paper reportedly highlights Beijing’s intention to strengthen coverage help and speed up technological innovation in web3.

Hong Kong’s crypto rules conflict with Beijing’s Web3 imaginative and prescient

The announcement is especially fascinating, Binance CEO Changpeng Zhao stated, on condition that it comes near Hong Kong’s new cryptocurrency rules coming into impact on June 1.

The town’s Securities and Futures Fee (SFC) outlined regulatory adjustments in Hong Kong in a brand new rule issued final week that can see retail traders begin buying and selling cryptocurrencies from June 1, when a brand new licensing regime for cryptocurrency platforms comes into impact.

Because the web3 surroundings evolves, the Beijing White Paper demonstrates China’s dedication to fostering a vibrant ecosystem of digital innovation and growth. Because the countdown to the implementation of Hong Kong’s new cryptocurrency rules begins, the world will probably be watching to see how these daring steps in the direction of the way forward for web3 play out.

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]]> https://www.seethereality.com/?feed=rss2&p=25636 0 Hong Kong goals for Could. relating to licensing laws for cryptocurrency exchanges https://www.seethereality.com/?p=17509 https://www.seethereality.com/?p=17509#respond Thu, 27 Apr 2023 08:09:15 +0000 https://www.seethereality.com/?p=17509 The Hong Kong Securities and Futures Fee (SFC) in Could. will problem tips for a cryptocurrency licensing system.

Julia Leung, Director Normal of the Hong Kong SFC, revealed this at an occasion she reported Bloomberg April 27 In keeping with her, there’s a session on the regulatory framework for crypto-currency entities within the metropolis and greater than 150 responses have been obtained to date.

The regulator stated the brand new regulatory framework will come into impact by June 1. It could oblige cryptocurrency platforms to register with metropolis authorities.

By legislation, licensed exchanges can provide retail merchants cryptocurrency buying and selling in main cryptocurrencies resembling Bitcoin (BTC) and Ethereum (ETH).

In the meantime, that is a part of Hong Kong’s efforts to change into a monetary hub for cryptocurrencies in Asia. Two exchanges, Hashkey and OSL, already provide cryptocurrency buying and selling companies which might be regulated by the Hong Kong SFC.

However extra exchanges could possibly be on the best way, largely as a result of town’s banking sector can be providing assist to crypto companies. A number of cryptocurrency corporations are scrambling for brand new banking companions after the US banking disaster.

Binance CEO Changpeng “CZ” Zhao beforehand stated that extra funds will transfer to Hong Kong because the area’s banks assist the cryptocurrency.

BitGet launches platform for Hong Kong customers

Crypto change Bitget stated it would now not present companies to Hong Kong customers because of new regulatory necessities.

In keeping with the change, its Hong Kong customers should change to subsidiary BitGetX HK.

“BitgetX Hong Kong intends to use for a license below the Hong Kong Digital Asset Service Supplier (VASP) regime and can function below a transitional association to be established below the Hong Kong VASP regime pending approval of the license utility.

In the meantime, Wu Blockchain reported that different offshore exchanges have additionally begun proscribing Hong Kong customers because of regulatory necessities.

The publish Hong Kong Seeks Could Licensing Guidelines for Cryptocurrency Exchanges appeared first on seethereality.

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