Fintech is exploding in Hong Kong and the entire APAC region. The latest winner in terms of funding goals is the Hong Kong-based fintech company WeLab that just raised $156 million during its Series C funding round. Some of the investors included the China Construction Bank and Alibaba Hong Kong Entrepreneurs Fund. The Founder and CEO…
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The Hong Kong protests have pushed investors from around the globe to pull out nearly $5 billion in funds since April 2019, as reported by the Financial Times and the Bank of England. What is staggering is that this amount represents 1.3% of the GDP of Hong Kong. The data comes from Refinitiv, the Bank…
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The following article is courtesy of the liquidity and technology provider of solutions for the crypto and foreign exchange (FX) industry, B2Broker. The text below is an excerpt. Hong Kong is highly regarded as one of the best countries in the world to set up business, and thanks to its business-friendly policies, it has become…
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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Willow Group Limited. Details of the company can be seen below: Willow Group Limited Address: Rykaden Capital Tower, 135 Hoi Bun Road, Kwun Tong, Hong Kong Website: www.willowmgmt.com Email: [email protected] According to the regulator, Willow Group Limited is not…
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It's been a while since Tradays' last economic calendar geographical expansion - Spain and Italy were added back in January 2019. MetaQuotes Software Corp. announced today that 80 indicators have been recently added for Brazil, Hong Kong, Singapore and South Korea. The relevant index readings are collected in real time directly from public sources, including…
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Blockchain solutions have been missing an essential feature – the custodian one. Now, InVault, a Hong Kong-based cryptocurrency custodian service company, has recently launched after the country put new regulations valid for crypto exchanges and fund managers, requiring both to properly implement custodian solutions to their offerings and protect the virtual assets of their clients.…
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While Bitcoin and other big cryptocurrencies are plunging this week, Ripple investors are taking off nice profits along the way. In the last couple of hours, Ripple rose in value by almost 30%, and is now trading at an all-time high of $1.39. This means that the cryptocurrency outdid Bitcoin Cash in market capacity and…
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Singapore and Hong Kong have become two of the world’s greatest fintech hubs, boasting numerous fintech startups and loose regulations on cryptocurrencies and financial technologies. Thus, The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed an agreement to further increase the collaboration between the two cities in a joint effort…
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When China announced that all its domestic exchanges will stop trading Bitcoin from September 30th this year, the digital cryptocurrency markets have seen a huge dip in prices: Bitcoin alone was down with 40%, Ethereum with 10% and overall, last week was a "bearish" one for the "people's currencies". Just before the ban, the Initial…
Read moreHong Kong's Securities and Futures Commission’s (SFC) Enforcement Division announced they are investigating a number of cases of SFC licensed brokerages with suspected inadequate anti-money laundering (AML) internal controls and it expects to bring a number of enforcement proceedings as a result. The SFC wants to draw the attention of licensees that they are expected…
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