Crypto scam cases in Hong Kong rose by 170% in a year, prompting the Securities and Futures Commission to demand licensing applications from exchanges like OKX and Bybit to combat fraud and secure investor trust. As regulatory pressure mounts, the approval of reputable exchanges is crucial for Hong Kong's crypto market to thrive and establish itself as a trusted digital asset hub.
WeatherlyBybit applies for a Hong Kong license, signaling strategic expansion and intensifying competition in the burgeoning Asian cryptocurrency market.
BrianBybit Web3 Swap's launch marks a significant step in the DeFi evolution, offering users a secure and streamlined token swapping experience. Ongoing developments, including upcoming integrations, showcase Bybit's dedication to staying at the forefront of innovation.
BerniceBybit Exchange announces the listing of Magic Square's governance token, SQR, for spot trading. SQR, associated with the Web3 platform, will be tradable on Bybit's platform, with early participants standing a chance to earn free SQR tokens. Magic Square's recent public sale through DAO Maker and the backing of influential investors add to the anticipation surrounding the listing.
Xu LinHong Kong's rigorous stablecoin regulations challenge global digital currency norms, setting a new benchmark in virtual asset governance.
AlexCoverage, legislative approach, regulatory framework for fiat stablecoin issuers, custody and purchase services, and transitional measures.
JinseFinanceBybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
JoyHong Kong explores the benefits of e-HKD in its digital currency pilots, stresses caution in further implementations.
Hui XinUpon final approval, SEBA will join the pioneer group of licensed entities in Hong Kong that will provide services for crypto investments.
DavinByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.
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