Hong Kong has been relaxing its approach to cryptocurrencies this year, with regulators’ opinions on retail exposure to digital assets also changing. Last October, the SFC updated its rulebook to allow a wider range of investors to participate in spot cryptocurrency and ETF investments. Then, last month, SFC CEO Julia Leung said regulators were moving toward allowing retail investors to purchase spot cryptocurrency ETFs, and that if all risks were addressed, the company would open up proposals that “use innovative technologies to increase efficiency and customer experience.” “I would welcome it,” he said.
Author: Crypto Flexs
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Hong Kong is preparing to pave the way for a spot cryptocurrency ETF, with financial regulators saying today they are ready to accept such applications.in joint circular In an announcement today, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, Hong Kong’s de facto central bank, said the two agencies have reviewed their existing policies for brokerages wishing to engage in virtual asset-related activities.In addition to the existing cryptocurrency futures ETF, the SFC said, “We are prepared to accept applications for approval from other funds exposed to virtual assets, such as the virtual asset spot exchange-traded fund…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to meet with Korea Financial Supervisory Service (FSS) Commissioner Lee Bok-hyun. This meeting is expected to be a very important one. As Chosun Biz reported on December 18, the conference, scheduled to be held in January, is a proactive approach to review the dynamics of the cryptocurrency market and future supervisory measures. The timing of this conference is particularly important given the changes currently occurring in the regulatory environments in the United States and Korea. It is speculated that the Securities and Exchange Commission (SEC) will soon approve a…
The widely respected cryptocurrency analyst and trader is expressing bullish sentiments about the blue-chip altcoin, which has more than tripled in value in two months. Analyst known by the pseudonym Kaleo says The 611,900 followers of the “Breaking the all-time record”. “I bought the dip and initiated a position in RUNE. If there’s one thing I’ve learned over the past few months, it’s that momentum never goes away. If this breaks above HTF (high time zone) resistance, I could easily see it entering a new ATH (all-time high).” Source: Kaleo/X THORchain, currently the 50th largest cryptocurrency asset by market capitalization,…
It’s that time of year again. A time of the year to look back on the good and the bad. Our players have achieved some incredible victories over the last 12 months, and we’ve loved taking that incredible journey with them. But five lucky players stood out from the rest with surprisingly big wins. So, without further ado, let’s take a look at the top five biggest achievements of 2023. 5. Fruit Party by Pragmatic Play $257,390 A fruit party doesn’t really sound like an event that will provide much fun. And actually, the slot itself is a bit dull.…
Paris Blockchain Week 2024 brings together leaders in finance and Web3 – Chainwire housenewsroomParis Blockchain Week 2024 brings together finance and Web3 leaders We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access…
Bitcoin price is on the rise and is trading above the $44,000 resistance level. BTC could continue rising if it breaks out of the $44,500 and $45,000 resistance levels. Bitcoin began a significant rally above the $43,500 resistance zone. The price is trading above $43,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trend line forming with support near $43,800. A strong rally could begin if the price closes above $44,300 and $44,500. Bitcoin Price Is Aiming Higher Bitcoin price stabilized above the $43,500 resistance zone and…
that much Bitcoin (BTC) price is approaching yearly highs, while cryptocurrency market cap (TOTALCAP) and Oasis Network (ROSE) have already reached first place. In today’s news: TOTALCAP breaks annual high Cryptocurrency market capitalization has been increasing since October with rising support trend lines. This rise reached an annual high of $1.63 trillion on December 9. Market traders use RSI as a momentum indicator to identify overbought or oversold conditions and decide whether to accumulate or sell assets. Readings above 50 and an upward trend indicate that bulls still have the advantage, while readings below 50 indicate the opposite. Before the…
Posted 1 minute ago In ~ South Korean video game company Wemade and Whampoa Digital, the technology investment arm of Singapore’s Whampoa Group, have teamed up to raise a $100 million fund focused on Web3.This partnership is expected to expand the reach of the digital asset industry, especially in the Middle East region, which is growing rapidly in the Web3 sector.Wemade, well known for its Legend of Mir series, has launched W.The eb3 fund will support developers at the Wemix Play Center in Dubai.Wemade added, “Both parties will jointly invest in potentially promising projects through mutual transactions and project recommendations,…
The legal proceedings involving former FTX CEO Sam Bankman-Fried took a major turn recently when U.S. Federal Judge Lewis Kaplan denied Bankman-Fried’s request to delay his sentencing hearing. The decision impacts the case’s timeline and highlights the complexities surrounding high-profile legal cases in the cryptocurrency world. Postponement request denied On December 20, Sam Bankman-Fried submitted a request through his legal team to postpone the sentencing hearing, originally scheduled for March 28, 2024, by four to six weeks. The purpose of this request is to: Additional time to prepare defense (originally scheduled for December 21). The defense sought to reschedule the…