Updated Jun 2, 2024, 16:41 IST Prominent players such as OKX and Bybit have withdrawn their bids for permits, signaling a mixed response from the industry. Surprisingly, Binance Holdings, the world’s largest exchange, along with major platforms like Coinbase Global and Kraken, opted not to apply for licenses. Hong Kong’s Shift to Digital Assets (Image
Thanks to investments from leading Chinese companies, including Contemporary Amperex Technology Limited (CATL) and BYD, Hungary is becoming a manufacturing hub for electric vehicles (EVs) and lithium batteries in central and eastern Europe. China has become the number one source of foreign investments there. Businesspeople and government officials I spoke to believe EV manufacturing’s contribution
Cryptocurrency investor Brock Pierce, who co-founded the stablecoin Tether in Hong Kong a decade ago, has teased that he is looking at returning to work in the city for a third time as the government works to entice the crypto industry back. Pierce, who is also chairman of the Bitcoin Foundation, was coy about what
For those unfamiliar with cryptocurrency, this is a major milestone in Asia and across the world as it opens the road for adoption and investment in cryptocurrency, moving the asset class from niche to mainstream. Although the US allowed spot bitcoin ETFs in January, it only recently approved applications to list spot ether ETFs; a
But, asked whether the US businesspeople and politicians he met had expressed concern, Chan said “no one was concerned about national security” and their focus was very much on “business-related issues”. “In fact, the concern and interests of the business sector here are about the stability of Hong Kong, the overall business environment, the impact
Image Credits: Getty Images With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their growth. One such destination is Hong Kong, which, seeking to restore its status as a financial hub, is banking on favorable crypto regulations to
By Summer Zhen HONG KONG (Reuters) – Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong’s stock markets, which closely mirror China’s struggling performance, have recovered since March as