Tag Archives: Hong kong

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. Continue reading Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Defined Regulations Main Factor For Crypto Exchanges When Choosing Country

Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world. This conclusion comes from a Business Insider report Sunday, Apr 29, that cites a recent research done by the Morgan Stanley bank. A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges. Continue reading Defined Regulations Main Factor For Crypto Exchanges When Choosing Country

Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China sued Zhao in a Hong Kong lawsuit claiming the crypto exchange founder had violated terms of an exclusivity agreement by holding fundraising talks with other potential investors. It is believed that negotiations between the two parties broke down after Binance shareholders were left unimpressed by Sequoia’s valuation of Binance, at a proposed $80 million. Continue reading Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange

Cryptocurrency exchange giant OKEx is pushing back against allegations that it is responsible for market manipulation that caused the Bitcoin price to crash below $5,000 on its futures exchange last week. Continue reading OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange