Hong Kong’s financial regulator, the Hong Kong’s Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence.
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
Hong Kong-Listed BC Group Raises $90M as Institutional Crypto Demand Soars in Asia
The offering represents 13% of the company’s issued share capital.
Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing
Cryptocurrency mining and manufacturing giant Bitmain lost about $500 million in the third quarter of 2018, CoinDesk has learned.
Bitmain Denies Reports That CEO Jihan Wu Was Ousted From Its Board
Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary.
Hong Kong Stock Exchange Taps Digital Asset for Post-Trade Blockchain Trial
The Hong Kong Stock Exchange has teamed up with DLT startup Digital Asset to develop a blockchain platform for post-trade processing.
Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement
The Hong Kong Stock Exchange is looking to follow its Australian counterpart in developing a blockchain settlement system.