Hong Kong has been ramping up efforts to strengthen its position as a digital asset hub. Hong Kong’s Securities and Futures Commission (SFC) plans to introduce virtual asset derivatives trading for professional investors. According to a 4 June 2025 China Daily report, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said the move … Read more
Hong Kong authorities have successfully busted a cross-border crypto laundering network that allegedly processed approximately HK$118 million (US$15 million) in illicit funds. The enforcement action resulted in a dozen arrests as officials intensified their campaign against individuals who monetized their personal banking credentials. Law enforcement conducted a series of coordinated raids on Thursday led by … Read more
9GAG has reportedly taken control of Hong Kong-listed Howkingtech, which may be rebranded as MemeStrategy to explore AI, cryptocurrencies, and creator economy opportunities. Ray Chan, the co-founder of 9GAG, a popular meme-sharing and news site, is said to have taken charge of Howkingtech International as part of a plan to expand into AI, cryptocurrencies, and … Read more
A Solana-based ‘Hong Kong coin’ is being promoted by an X account impersonating as the Chief Executive of Hong Kong. Authorities and regulators have warned traders not to get scammed by the fake coin. On March 6, Hong Kong lawmaker and active crypto supporter Johnny Ng warned traders that an account impersonating the Hong Kong … Read more