Crypto Region Spotlight: Hong Kong 🇭🇰

By cryotosensei | CryptoSensei | 14 Sep 2023

Crypto Region Spotlight: Hong Kong 🇭🇰

  1. Investors in the Hong Kong Stock Exchange will be able to trade the CSOP Bitcoin Futures ETF (3066.HK) starting December 16, 2022
  2. The High Court in Hong Kong ruled crypto to be property that can be held in trust. This means that it is placed in the same category as intangible assets like stocks and bonds.
  3. HashKey Exchange has become Hong Kong’s first licensed crypto trading platform this August. Retail investors can buy larger coins in Bitcoin and Ether that feature in at least 2 acceptable, investable indexes.
  4. Another exchange (Switzerland-based crypto-friendly SEBA Bank) has also been approved to be an incensed trading platforms in Hong Kong.
  5. Hongkong and Shanghai Banking Corporation (HSBC), which manages over $3 trillion in assets, can now offer bitcoin and ether ETFs to its Hong Kong users. It also aims to collaborate with the crypto custody technology business,  Fireblocks.
  6. In July 2023, McDonald’s in Hong Kong built a McNuggets land on Sandbox to commemorate the 40th anniversary of the sales of McNuggets.
  7. Hong Kong has about 147 BTC ATMs, which makes it the Asian city with the highest number of such ATMs per capita.

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