Hong Kong Archives - Page 2 of 2

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

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Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong Monetary Authority (HKMA) announced on May 21 that the Legislative Council […]

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Hong Kong advances stablecoin legislation introducing new rules for issuers

Leave a Comment / Adoption, crypto, Featured, Hong Kong, Legislation, Regulation, Stablecoins / best time

Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng confirmed that the Legislative Council approved the bill after its third reading. The new law is expected to take effect before the

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$15 Million Crypto Laundering Ring Crushed In Hong Kong’s Latest Financial Sting

Leave a Comment / Bitcoin, crypto, Crypto News, Crypto Scam, Hackers, Hong Kong / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hong Kong police have broken up a money‑laundering ring that moved 15 million through more than 550 accounts and crypto trades. Twelve suspects, aged 20 to 40, were arrested in operations across mainland China and Hong Kong. They now face charges of

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Hong Kong Police Bust M Crypto Money Laundering Ring, Arrest 12

Hong Kong Police Bust $15M Crypto Money Laundering Ring, Arrest 12

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Twelve people have been arrested in Hong Kong and mainland China for their alleged roles in a cross-border money laundering operation that moved HK$118 million ($15 million) through cryptocurrency and hundreds of fraudulent bank accounts, local media reported on May 17. According to Hong Kong Commercial Daily, the criminal syndicate used over 500 so-called stooge

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12 Arrested in HK as Officials Uncover M Cash, Crypto Laundering Operation: Report

12 Arrested in HK as Officials Uncover $15M Cash, Crypto Laundering Operation: Report

Leave a Comment / Crypto News, Cryptocurrency, Fraud, Hong Kong / best time

Hong Kong police have dismantled a cross-border crime syndicate accused of laundering HK$118 million (US$15 million) through fraudulent bank accounts, arresting a total of 12 individuals in a citywide operation, the South China Morning Post (SCMP) first reported. Crime Syndicate Recruited Mainland Chinese to Launder Millions, Police Say SCMP reported that Hong Kong’s Commercial Crime

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Hong Kong Police Develop ‘CryptoTrace’ Tool to Help Track Online Crypto Crimes

Leave a Comment / Bitcoin News, Crime, crypto scams, Hong Kong / best time

Hong Kong Cyber Security and Technology Crime Bureau (CSTCB) announced the launch of a virtual asset analysis tool to aid in crypto crime investigations. Dubbed ‘CryptoTrace’, the tool is developed in collaboration with the University of Hong Kong, an official release noted. The crypto tool offers “advanced intelligence and investigation support to crime investigation units,”

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Cai Wensheng Pays 20% Premium, Bets M on Hong Kong AI-Web3 Hub

Cai Wensheng Pays 20% Premium, Bets $84M on Hong Kong AI-Web3 Hub

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Key Takeaways: The redevelopment includes an AI-themed café on the first two floors, co-working spaces for local entrepreneurs, and dedicated AI and Web3 studios on the remaining levels. The acquisition price per square foot exceeds HK$12,000, marking a more than a 20% premium over similar transactions in the area. The purchase exemplifies a broader trend

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