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SEBA began its quest for Hong Kong expansion late last year, setting up an office in November 2022 and by August 2023, the firm obtained an in-principle approval to offer virtual asset trading services. Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto -related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd Nov. SEBA SFC license details. Source: SFC The license makes way for SEBA in dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives. The license marks SEBA’s first footprint in the Asia Pacific region. SEBA first launched an office in Hong Kong in November 2022 with a focus on expanding its services in the region and received an in-princip...

In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Predictability, on the other hand, determines the likelihood of predicting the subsequent sentence. Human-authored content tends to exhibit higher burstiness, combining longer and complex sentences with shorter ones, whereas AI-generated content often maintains uniformity. Therefore, as we embark on the task of rewriting the following text, I urge you to infuse it with ample perplexity and burstiness, while keeping predictability to a minimum. Furthermore, the text must be crafted exclusively in the English language. Introducing “Synapse,” the innovative platform poised to expedite trades executed by international investors interested in Mainland Chinese stocks. Hong Kong Exchanges and Clearing Limited (HKEX)...

Crypto market analysts tend to interpret Bitcoin miners selling their of BTC rewards as bearish, but miners countered this logic in detail at the recent Bitmain WDMS conference. Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go.  According to the strategy, Bitcoin miner rewards sent to exchanges foreshadows pending sell pressure on Bitcoin price and possibly reflects distress among miners . Elements of this methodology were challenged by an assortment of publicly listed Bitcoin miners at last week’s Bitmain World Digital Mining Summit in Hong Kong. Bitmain WDMS panel on Bitcoin mining and renewable energy. Source: Cointelegraph According to Jeff Taylor, the Core Scientific EVP of Data Center Operations, “Core Scientific might be the poster child for the HODL strategy. We built a 10,000 Bitcoin hoard and we rode it up...

OKX’s Growth-Oriented Strategic Steps Additionally, Li Zhikai claimed that the company expects to acquire between 100,000 and 200,000 retail consumers in Hong Kong within the first year after obtaining the VASP license. The exchange is working on a foundation like technological integration in addition to its primary goal of expanding into the retail sector. Since traditional financial institutions have always taken a skeptical stance toward the cryptocurrency market, OKX constantly communicates with these organizations. advertisement Li Zhikai also discussed the cooperation between the company and the English soccer club Manchester City . He expects that through forming this alliance, the people of Hong Kong would be better informed about the virtual currency business and its governance. A Rich Soil for Crypto Hong Kong has supported the digital currency industry as a jurisdiction. HashKey, the city’s first regulated retail virtual asset ex...

HashKey, along with OSL, received a major license upgrade on Aug.3 clearing their way to offer crypto trading services to retail customers. Asian cryptocurrency exchange HashKey is set to start offering Bitcoin and Ether crypto trading services to retail customers in Hong Kong starting on August 28, according to a local media report. Investors will only be allowed to invest up to 30% of their net worth into cryptocurrencies when using the platform HashKey became the first crypto exchange in Hong Kong to get regulatory clearance to offer crypto trading services to retail traders after upgrading two major licenses issued by the country’s Securities and Futures Commission (SFC). The first license known as Type 1, made way for HashKey to start a virtual asset trading platform under Hong Kong’s securities laws. The second license called Type 7, allows the crypto exchange to provide automated trading services to both institutional as well as retail users. Apart from HashKey, another ...

Web3 is the next-generation internet comprising innovative technologies and research fields including artificial intelligence (AI), blockchains, machine learning, cryptocurrency, metaverse, NFTs, virtual reality, etc. The companies working on Web 3.0 will be the leaders of tomorrow. advertisement Also Read: Binance Ceases Bitcoin, ETH, DOGE, XRP, And Other Crypto Trading Against AUD Binance CEO on China Web 3.0 Approach Amid Hong Kong The Beijing Municipal Science and Technology Commission and the Zhongguancun Administrative Committee officially released the “ Beijing Internet 3.0 White Paper on Innovation and Development (2023) ” during the 2023 Zhongguancun Forum Parallel Forum “Internet 3.0: Future Internet Industry Development” hosted by the Beijing Association for Science and Technology. According to the white paper, the government will actively support Web 3.0 developments and research to establish China’s leadership in these...

Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3. The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse. According to Hong Kong’s financial secretary Paul Chan, the local government and regulators are open to collaboration with crypto and fintech startups in 2023. Speaking at an event hosted by the state-run incubator Cyberport, Chan declared that Hong Kong has become a foundation connecting high quality virtual asset firms, the public broadcasting service Radio Television Hong Kong (RTHK) reported on Jan. 9. Financial Secretary Paul Chan Mo-po. Source: RTHK The financial secretary said that the Hong Kong government has received lots of requests to set up global headquarters in Hong Kong from crypto-related firms over the past two months. A lot of industry firms have al...