[Tree] Hong Kong and Switzerland's digital competitiveness rankings

Version 0.29 (2024-11-16 02:48:28.135000)

updates: Switzerland ranks second; US drops to fourth

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Version 0.28 (2024-11-14 11:50:15.368000)

updates: Hong Kong rises to 7th in digital competitiveness ranking

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Version 0.27 (2024-06-20 04:01:06.453000)

updates: Updates on Hong Kong's position in Web3 and digital currency ETFs

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Version 0.26 (2024-06-16 17:27:36.229000)

updates: Updates on Hong Kong's strategic position in global development and its impact on virtual assets

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Version 0.25 (2024-06-11 13:18:04.758000)

updates: In-depth analysis of Hong Kong's role in crafting mainland policies for digital assets

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Version 0.24 (2024-06-07 07:37:44.646000)

updates: Hong Kong partners with Swiss Crypto Valley to boost blockchain and cryptocurrency industries

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Version 0.23 (2024-06-05 01:25:08.902000)

updates: Updates on Dubai Financial Services Authority regulatory framework for crypto tokens

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Version 0.22 (2024-06-03 09:22:03.356000)

updates: New regulations introduced; 2 platforms licensed; 17 pending applicants for licenses; OKX, Gate.hk, and Huobi HK withdraw license applications

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Version 0.21 (2024-06-01 23:56:02.053000)

updates: Eleven crypto exchanges in Hong Kong are set to obtain licenses

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Version 0.2 (2024-06-01 23:55:39.914000)

updates: Hong Kong's securities regulator announces 11 crypto exchanges closer to obtaining licenses

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Version 0.19 (2024-05-30 01:09:18.137000)

updates: The grace period for crypto exchanges in Hong Kong is ending, and trading platforms must obtain a license by June 1. The SFC has issued a statement reminding all virtual asset trading platforms to apply for a license. The move to regulate cryptocurrency exchanges is part of a broader effort to enhance the regulation of the virtual asset industry and protect investors. The SFC will take enforcement action against unlicensed platforms and work with other regulatory authorities to combat illegal activities [c95798b7]

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Version 0.18 (2024-05-24 16:23:56.861000)

updates: OKX's decision to end trading services in Hong Kong and withdraw its VASP license application

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Version 0.17 (2024-05-24 16:23:19.994000)

updates: OKX's withdrawal of its VASP license application

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Version 0.16 (2024-05-23 07:23:58.065000)

updates: Gate.io's Hong Kong Affiliate withdraws license application, adds to regulatory concerns

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Version 0.15 (2024-05-15 12:17:50.937000)

updates: Huobi HK's repeated withdrawal raises concerns for licensed crypto exchanges

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Version 0.14 (2024-05-15 12:17:29.726000)

updates: The withdrawal of Huobi HK's license application and the immediate shutdown of its operations

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Version 0.13 (2024-04-12 09:27:45.673000)

updates: The closure of BitForex and the expansion of HashKey Group highlight the challenges and opportunities facing the cryptocurrency industry in Hong Kong

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Version 0.12 (2024-04-08 07:26:21.156000)

updates: The Hong Kong-based cryptocurrency exchange BitForex has abruptly ceased operations, sparking concerns of a potential exit scam. The shutdown came after approximately $56.5 million worth of cryptocurrencies were withdrawn from the exchange's wallets. Users are now unable to withdraw their funds and are growing increasingly concerned about the platform's stability. BitForex is now under scrutiny as users suspect it may have staged an exit scam. The exchange's official Telegram channel has gone silent, and its last social media update was posted on February 21 [aacfd360]. The closure of BitForex and the withdrawal of its license application highlight the challenges faced by cryptocurrency exchanges operating in jurisdictions with strict regulations. In contrast, Hong Kong's HashKey Group has launched a global trading platform called HashKey Global with the aim of overtaking Coinbase in trading volume within five years. The platform operates with a Digital Asset Business license issued in Bermuda and is available globally, except in the US, mainland China, and Hong Kong due to regulatory reasons. HashKey Exchange, the company's local exchange, has over 170,000 registered users and currently offers bitcoin and ether for retail trading. HashKey Group aims to have more trading volume than Coinbase across all its platforms by 2029 [78d30464]. HashKey Group has launched the HashKey Global exchange after winning a license to operate in Bermuda. The exchange will offer spot trading services for 21 digital assets, including BTC, ETH, USDT, and USDC. HashKey Group aims to establish one of the world's largest clusters of licensed exchanges within the next 5 years. The firm achieved unicorn status earlier this year after a fundraising round. Futures trading product services will be launched within weeks [f0322da3]. Hong Kong-based crypto exchange HashKey is expanding globally with a new venture called HashKey Global. The exchange, which is licensed in Bermuda, will initially offer access to over 20 currencies exclusively to qualified retail investors. The company plans to introduce futures, staking, and other financial products in the next quarter. HashKey's current asset management scale exceeds HK$2 billion and is projected to quadruple to HK$8 billion by the end of 2024. The company is also seeking additional funding this year, potentially surpassing the $100 million raised in its previous Series A financing round. HashKey reaffirms its commitment to its Hong Kong base and will focus on the Asia-Pacific region in the next five years [ad858b7d].

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Version 0.11 (2024-04-08 07:25:51.446000)

updates: HashKey Group launches HashKey Global exchange in Bermuda

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Version 0.1 (2024-04-08 07:24:42.484000)

updates: Integration of information about HashKey's global platform launch

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Version 0.09 (2024-04-01 16:39:03.273000)

updates: The closure of BitForex and the withdrawal of its license application highlight the challenges faced by cryptocurrency exchanges operating in jurisdictions with strict regulations. This development may lead to further consolidation in the industry as financial centers struggle to integrate digital assets into existing regulatory frameworks.

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Version 0.08 (2024-02-26 19:01:09.208000)

updates: BitForex exchange halts operations, concerns of exit scam

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Version 0.07 (2023-12-01 10:40:42.677000)

updates: Legal action against HTX, fines, Justin Sun's involvement in SEC lawsuit

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Version 0.06 (2023-12-01 10:37:25.464000)

updates: Poloniex prepares to resume withdrawals after $100M hack

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Version 0.05 (2023-11-27 15:17:40.603000)

updates: HTX cryptocurrency exchange restores services after $30M hack, raises concerns about Justin Sun's platforms

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Version 0.04 (2023-11-27 03:28:34.318000)

updates: Inclusion of the KyberSwap cryptocurrency exchange theft

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Version 0.03 (2023-11-24 15:20:44.501000)

updates: HTX cryptocurrency exchange suffers $30 million theft

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Version 0.02 (2023-11-21 13:34:30.567000)

updates: Added information about the Fantom Foundation awarding a $1.7M bounty to a security researcher

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Version 0.01 (2023-11-20 12:03:27.422000)

updates: Incorporated information about cross-chain bridge security

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Version 0.0 (2023-11-15 12:25:46.687000)

updates:

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