Hong Kong to avoid FTX-like scenario through transparency and supervision
Financial Secretary Paul Chan highlighted the importance of being “steady and cautious” when promoting the development of the virtual asset industry in Hong Kong.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Financial Secretary Paul Chan highlighted the importance of being “steady and cautious” when promoting the development of the virtual asset industry in Hong Kong.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
HSBC Brings Hong Kong Dollar Stablecoin To PayMe As Retail Rollout Begins
TL;DR: HSBC has launched its Hong Kong dollar-backed RedCoin for payments through PayMe, with wallet activation set to expand to m...
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a signi...
OpenAI faces financial scrutiny amid reduced valuation and discounting strategy
OpenAI's financial strategies and valuation adjustments may signal deeper liquidity issues, raising concerns about its long-term v...
Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion
About 169,770 ETH left centralized exchanges on net in one day, Santiment reported Oct. 23, the largest daily withdrawal in more t...
Bitcoin Core Speeds Up Bug Fixes As AI Changes Disclosure Rules
TL;DR: Bitcoin Core has adopted faster fixes and disclosure for vulnerabilities that are easy to rediscover, including with AI. Lo...
Bybit Wins Dubai VARA Approval For Spot Crypto Exchange Services
TL;DR: Bybit says its Dubai entity has secured a VARA virtual-asset service provider licence covering spot exchange activity; deri...