Hong Kong

Book Reviews

‘Block Kong’: Dim Sum in a Crypto Hub

Daniel KuhnAug 19, 2021

A global center for finance, Hong Kong is an often overlooked hub for the blockchain industry, as documented in "Block Kong."

Funding Rounds

Rothschild-Founded RIT Capital Leads $8.8M Funding Round for Aspen Digital

Jamie CrawleyAug 4, 2021

Aspen aims to offer digital asset management to institutional and sophisticated investors.

Environment

BIS and Hong Kong Monetary Authority to Experiment With Tokenized Green Bonds

Eliza GkritsiAug 25, 2021

The tokenized green bonds are the Bank of International Settlements Innovation Hub's first green finance project.

Asset Management

Babel Finance Bets on Longtime Fintech Hand to Help Navigate Regulatory Landscape

Eliza GkritsiJul 30, 2021

The Hong Kong-based crypto lender says new CFO Edmond Lau will oversee $500 million in assets under management.

Binance

Hong Kong, Lithuania Issue Binance Warnings

Jamie CrawleyJul 16, 2021

Hong Kong's Securities and Futures Commission said no entity in the Binance Group is registered to conduct any regulated activity.

Hong Kong

Crime

Hong Kong Arrests 4 in Alleged $155M Crypto Money-Laundering Scheme: Report

Greg Ahlstrand

Customs authorities say the alleged money laundering syndicate charged criminal clients a commission of 3% to 5%.

Auctions

Sotheby’s Sells Rare Diamond for $12.3M in Crypto

Tanzeel Akhtar

The auction house said "a milestone was reached in the adoption of cryptocurrencies."

China

An Alternative Theory for China’s Tech Crackdown

David Z. Morris

China's leaders say it's about all cybersecurity, but some observers see financial control as the larger goal.

Gemini

Gemini Exchange to Expand Asia-Pacific Operations in a Bid to Capture Growth

Sebastian Sinclair

The company will open offices in Australia and Hong Kong.

OSL

Regulated HK Crypto Exchange OSL Hires 6 Senior Staff

Jamie Crawley

Two of the hires, Joe Zhou and Arion Ho, join OSL from the Hong Kong Stock Exchange.

BC Group

Hong Kong-Listed BC Group Receives $70M in New Funding

Sebastian Sinclair

Funding will go towards IT and non IT-related expenses, including staff costs, marketing expenses and expansion into other markets.

CBDCs

Hong Kong Monetary Authority to Study a Retail CBDC

Jamie Crawley

Hong Kong's central bank is aiming to "future-proof" the financial center for the growth of CBDCs as part of its "Fintech 2025" strategy.