A court based in Hong Kong has acknowledged cryptocurrencies as property that can be held in trust in a ruling involving the defunct crypto exchange Gatecoin. In an analysis of the ruling published by the law firm Hogan Lovells, Judge Linda Chan reportedly said that crypto has property attributes. The court deemed that it was...
Crypto exchange OKX announced the establishment of a company in Hong Kong and the intention to apply for a local virtual asset service provider (VASP) license. OKX is a centralized crypto exchange founded in 2017. The platform is operated by the OK Group, which also includes the OKCoin exchange. According to CoinGecko, OKX ranks fourth...
The Hong Kong authorities have scheduled a meeting of representatives of cryptocurrency companies and banks, according to Bloomberg. It will discuss the issues of providing banking services to firms working with digital assets. The meeting will take place on April 28 at the Hong Kong Monetary Authority (HKMA) and will be held jointly with the...
The Hong Kong authorities have allocated $50 million to accelerate the development of the crypto industry. Hong Kong Financial Services and Treasury Bureau (FSTB) Chairman Christopher Hui made the announcement at the Web 3 Investment Summit hosted by Aspen Digital, according to a press release on the Hong Kong government website. According to him, the...
