Crypto Court Order Goes Digital: Tokenized Notice Shakes up Legal World

January 26, 2025 Bitcoin.com

bitcoin.com

A Hong Kong court successfully executed an injunction against two cryptocurrency wallets using tokenized technology. This precedent-setting move involved serving the order, which froze $2.66 million worth of tether stablecoins. Execution of Tokenized Notice Boosts Hong Kong’s Tech Appeal In what has been described as a precedent-setting move, a court injunction issued by a Hong […]

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Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

UTXO Acquires Hong Kong-Listed Company to Lead Strategic Investments in Bitcoin and Web3

January 24, 2025 Bitcoin.com

Bitcoin (BTC)

UTXO Management’s acquisition of HK Asia Holdings Limited aims to position the company as a force in Hong Kong’s dynamic financial ecosystem. UTXO Management Completes Strategic Expansion Into Hong Kong UTXO Management, in partnership with Sora Ventures, has acquired a majority stake in HK Asia Holdings Limited, a business listed on the Hong Kong Stock […]

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Hong Kong launches initiative to help banks with DLT adoption

January 9, 2025 Coin Telegraph

Banks

The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials.

The Hong Kong Monetary Authority (HKMA) has launched an initiative to assist banks in adopting distributed ledger technology.

On Jan. 8, the Hong Kong central bank announced the launch of its “Supervisory Incubator for Distributed Ledger Technology,” which aims to help banks safely implement distributed ledger technology into their operations and maximize the benefits.

“As the banking industry continues to evolve, it is essential that we provide a supportive environment for innovation to thrive,” said Arthur Yuen, deputy chief executive of the HKMA.

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Hong Kong Representative Explores Adding Bitcoin to National Reserve Under ‘One Country, Two Systems’ Framework

January 1, 2025 The Daily Hodl

Bitcoin

A lawmaker in Hong Kong is reportedly proposing adding Bitcoin (BTC) to the region’s reserves for the purpose of financial stability. Wu Jiexhuang, a member of the Hong Kong Legislative Council and chairman of the Web3 Virtual Asset Development Subcommittee, said that the region should study how to maintain financial security with BTC, according to […]

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Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

HashKey Group launches Ethereum layer-2 HashKey Chain mainnet

December 18, 2024 Coin Telegraph

Blockchain

The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.

HashKey Chain, a public blockchain developed by Hong Kong-based HashKey Group, officially launched its Ethereum layer-2 mainnet on Dec. 18.

The mainnet launch follows a month-long successful testnet period during which more than 860,000 wallet addresses were registered, a reported 24.72 million transactions were recorded, and over 300,000 community members participated.

Hashkey Group announced the mainnet launch. Source: Hashkey HSK

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Why Hong Kong has grown into a crypto hub — CEO of WOW Summit

December 14, 2024 Coin Telegraph

China

"Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.

Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong's status as a special economic region.

Ivanov told Cointelegraph that Hong Kong's special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:

The WOW Summit CEO added that Hong Kong's stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Hong Kong Considers Bill to Regulate Stablecoins

December 7, 2024 Bitcoin.com

bitcoin.com

This framework will provide the legal foundation for stablecoin regulation in Hong Kong. Regulation for Stablecoins Hong Kong is taking another bold step in its aspiration to establish itself as a global hub for digital assets. The city’s financial regulators are set to submit a draft of the “Stablecoin Regulatory Framework” to the Legislative Council […]

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Hong Kong Plans To Exempt Hedge Funds, Private Equity Firms and the Super Rich From Paying Crypto Taxes: Report

November 29, 2024 The Daily Hodl

China

Hong Kong is reportedly eyeing new tax policies that can help in its push to become a top finance and cryptocurrency hub. Citing a 20-page proposal that was circulated this week, The Financial Times reports that China’s special administrative region (SAR) plans to exempt private equity funds, hedge funds and the investment vehicles of the […]

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Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Largest Digital Bank in Hong Kong to Offer Bitcoin Trading to Retail Users

November 25, 2024 Bitcoin.com

bitcoin.com

ZA Bank combines traditional banking with digital assets to offer cryptocurrency services to retail users. Bitcoin Trading for Retail Customers in Asia Zhong An (ZA) Bank, a digital bank in Hong Kong, has declared that it has become the first bank in Asia to provide retail customers with bitcoin trading services. The launch of the […]

Cleanspark Achieves $162 Million in Revenue at $34,000 per Bitcoin Mining Cost

Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks

November 16, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong, misrepresented themselves — one by […]

hong kong