HashKey Holdings, the parent company of one of Hong Kong’s largest licensed cryptocurrency exchanges, has taken a definitive step toward a landmark initial public offering. The Hong Kong Stock Exchange’s publication of a 633-page post-hearing information pack signals formal clearance from its listing committee, positioning HashKey for a high-profile debut that underscores Hong Kong’s ambition to become a regulated global hub for digital assets.
about HashKey Nears IPO as HKEX Publishes Post-Hearing PackSFC
0 in Finance and 0 in Crypto last weekHong Kong Approves First Solana ETF, Trading Starts Oct 27
Hong Kong has positioned itself at the forefront of cryptocurrency innovation with the approval of ChinaAMC’s Solana ETF, marking the city’s first spot fund offering direct exposure to SOL and scheduled to begin trading on October 27. This landmark decision comes as Hong Kong demonstrates growing confidence in expanding its regulated crypto market beyond Bitcoin and Ethereum, establishing a significant regulatory lead over the United States where similar Solana ETF approvals remain delayed.
about Hong Kong Approves First Solana ETF, Trading Starts Oct 27BitMart Exits Hong Kong License Bid, Joins Exchange Exodus
Cryptocurrency exchange BitMart has officially withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong, as confirmed by the Securities and Futures Commission’s (SFC) updated registry. This move places BitMart alongside other major exchanges like Bybit, OKX, and Gate, which have also recently pulled their applications amid tightening regulatory scrutiny and compliance demands. The trend signals a potential recalibration of global crypto firms’ strategies in Hong Kong, despite the city’s efforts to position itself as a regulated digital asset hub. Industry analysts suggest that stringent requirements and uncertain profitability may be driving exchanges to prioritize other markets or await clearer regulatory frameworks.
about BitMart Exits Hong Kong License Bid, Joins Exchange ExodusHong Kong SFC Warns of Stablecoin Fraud Risks
A Hong Kong Securities and Futures Commission (SFC) official, Ye Zhiheng, has warned that the new stablecoin regulatory framework has increased fraud risks, urging investors to avoid irrational decisions driven by market hype. The remarks followed significant losses by stablecoin firms in Hong Kong after the regulations took effect, with analysts calling it a ‘healthy correction’ due to stricter-than-expected requirements for issuers. The SFC emphasizes caution as speculative behavior could expose investors to heightened risks under the new rules.
about Hong Kong SFC Warns of Stablecoin Fraud RisksHong Kong Tightens Crypto Custody Rules to Boost Trust
Hong Kong’s SFC has mandated stricter custody standards for licensed virtual asset trading platforms (VATPs), including cold wallets, whitelisting, and third-party oversight. The move follows rising cybersecurity incidents at overseas platforms, prompting the regulator to enforce robust security measures like air-gapped hardware and independent assessments. A separate licensing proposal for custodians is also pending, with new rules taking immediate effect. The SFC aims to strengthen Hong Kong’s competitiveness in digital assets, with public consultations open until August 2025. This follows the recent launch of a stablecoin licensing regime.
about Hong Kong Tightens Crypto Custody Rules to Boost TrustHong Kong Warns Investors on Stablecoin Hype Risks
Hong Kong’s financial regulators, the HKMA and SFC, have cautioned investors against making hasty investments in stablecoin-related assets due to recent sharp price fluctuations tied to speculation and unverified licensing claims. The HKMA emphasized its strict approval process for stablecoin licenses, noting that only a few applicants will meet the rigorous capital, governance, and risk management requirements. Meanwhile, the SFC urged investors to avoid decisions based on hype and warned of potential market manipulation, pledging strict enforcement against misleading conduct. The regulators also reminded companies to maintain transparency to uphold market integrity as Hong Kong rolls out its stablecoin framework.
about Hong Kong Warns Investors on Stablecoin Hype RisksHong Kong Moves to Legalize Crypto Derivatives for Web3 Leadership
Hong Kong is gaining political momentum in its effort to legalize crypto derivatives, with senior officials eyeing Bitcoin futures and options trading for professional investors. This initiative aims to enhance product diversity and strengthen Hong Kong’s status as a digital asset hub, alongside measures like staking permissions and tax incentives. The Securities and Futures Commission (SFC) will prioritize risk management, initially limiting derivatives to investors with over HK$8 million in assets. Hong Kong has already approved spot Bitcoin and Ethereum ETFs, staking services, and a stablecoin licensing regime. The derivatives framework, expected by 2025, would complete Hong Kong’s crypto policy trio: spot ETFs, stablecoins, and derivatives. This strategy seeks to attract institutional capital and compete with rivals like Singapore and Dubai. The SFC believes approved products will boost liquidity and offer new hedging strategies. Hong Kong is also preparing a second policy statement on virtual assets, exploring synergies between traditional finance and decentralized innovation.
about Hong Kong Moves to Legalize Crypto Derivatives for Web3 LeadershipHong Kong to Allow Virtual Asset Derivatives for Pros
Hong Kong is set to expand its virtual asset market by allowing derivatives trading for professional investors, as announced by the SFC. The initiative aims to enhance the city’s global competitiveness while ensuring secure and transparent trading. Treasury chief Christopher Hui highlighted tax concessions for virtual assets to attract large-scale fintech firms. The SFC has already approved staking services and crypto ETFs, estimating global virtual asset trading volumes at over $70 trillion annually. The new policy seeks to combine traditional finance with innovative tech to strengthen market flexibility and security.
about Hong Kong to Allow Virtual Asset Derivatives for ProsHong Kong to Allow Crypto Derivatives for Pros
Hong Kong’s securities regulator plans to introduce digital asset derivatives trading for professional investors, reinforcing its role in the global crypto market. Financial Services Secretary Christopher Hui Ching-yu confirmed the initiative, emphasizing risk management and secure trading. The Hong Kong Securities and Futures Commission (SFC) will prioritize orderly and transparent transactions to ensure market stability.
about Hong Kong to Allow Crypto Derivatives for ProsHong Kong Approves Staking for Ethereum ETF Launch
Hong Kong’s SFC has approved staking services, enabling ChinaAMC to collaborate with OSL Digital Securities on a staking-enabled Ethereum ETF set for launch by May 15. The ETF transforms from a passive investment into an active participant in Ethereum’s ecosystem, allowing investors to earn staking rewards. OSL, Hong Kong’s first licensed digital asset platform, provides custody and insurance, while Kiln manages validator nodes. This development follows Bosera International and HashKey Capital’s staking-enabled ETF launch on April 25, reinforcing Hong Kong’s push to become a digital asset hub.
about Hong Kong Approves Staking for Ethereum ETF LaunchHong Kong Approves Staking Services for Crypto Exchanges
Hong Kong’s Securities and Futures Commission (SFC) has authorized licensed crypto exchanges to offer staking services, marking a significant step in the region’s crypto regulatory framework. The SFC emphasized the need for risk management, including safeguarding client assets and ensuring transparent disclosures. This follows Hong Kong’s earlier approval of Bitcoin and Ethereum ETFs, reinforcing its commitment to a regulated yet progressive virtual asset ecosystem. The move is expected to bolster blockchain security and investor participation while maintaining strict compliance standards.
about Hong Kong Approves Staking Services for Crypto ExchangesMEVX Algorithms Enhance Crypto Trading with Real-Time Market Insights
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about MEVX Algorithms Enhance Crypto Trading with Real-Time Market Insights