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Animoca Brands plans return to stock market by 2025

Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East.

Gaming and metaverse giant Animoca Brands is reportedly considering returning to the public market after delisting from the Australian Securities Exchange (ASX) in March 2020.

This time, the company is targeting friendlier jurisdictions, specifically analyzing Hong Kong and the Middle East, according to The Information on June 26, citing the company’s co-founder, Yat Siu.

Animoca has been holding meetings with investment banks but has not chosen a location or hired an adviser, notes the report. The company is headquartered in Hong Kong, with offices and subsidiaries in several other countries.

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Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market Dynamics

Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market DynamicsFollowing the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal Reserve’s hawkish dot plot forecast and subsequent comments by Chair Jerome Powell led […]

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Hong Kong Partners With Swiss Crypto Valley

Hong Kong Partners With Swiss Crypto ValleyInvest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both regions. The agreement, signed on June 6, 2024, aims to enhance collaboration, particularly in blockchain and cryptographic technologies. It also […]

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Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report

Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report

Hong Kong’s Securities and Futures Commission (SFC) reportedly says that nearly a dozen crypto exchanges are on the cusp of getting their trading licenses approved. The SFC’s website showed on June 1st that the 11 applicants, including the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” according to a Bloomberg report. […]

The post Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report appeared first on The Daily Hodl.

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Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime

Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked CrimeThe Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving […]

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Hong Kong crypto exchange license applications cost less than expected

All unlicensed crypto exchanges have been kicked out of Hong Kong.

Hong Kong crypto exchange licenses are costing applicants several million dollars, a far cry from the $25 million witnessed a year ago. 

In an interview with the Financial Times, Livio Wang, chief operating officer of HashKey Group, said that the crypto exchange licenses are “not necessarily tens of millions of dollars, but certainly tens of millions of Hong Kong dollars [several million in USD].”

He explained that “the costs corresponding to the stage of preparing license review materials are different from those of the operation stage.” He further stated: 

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‘Inevitable’ – Tether Co-Founder Says China Is Going To Open Up to Crypto: Report

‘Inevitable’ – Tether Co-Founder Says China Is Going To Open Up to Crypto: Report

The co-founder of Tether (USDT), the world’s largest stablecoin by market cap, reportedly says it’s “inevitable” that China will reverse course and open up to crypto assets. According to a new report by the South China Morning Post, Tether co-founder Brock Pierce says that China – which banned all crypto-related commercial activity years ago – […]

The post ‘Inevitable’ – Tether Co-Founder Says China Is Going To Open Up to Crypto: Report appeared first on The Daily Hodl.

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Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect

Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take EffectHong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches. […]

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