

others
Hong Kong Securities Body Proposes New ICO Portal – Crypto News
In a recent development, the Hong Kong Securities & Futures Professionals Association has proposed the creation of an Initial Coin Offering (ICO) portal. This suggestion was part of their comments on the city’s 2024-25 budget, aimed at Financial Secretary Paul Chan Mo-po and Deputy Financial Secretary Wong Wai-lun.
Hong Kong Proposes Secure ICO Platform
The proposed ICO portal in Hong Kong is envisioned as a platform for conducting token offerings in compliance with regulatory standards. This initiative emerges in response to the need for a secure environment to minimize the risks associated with fraudulent ICOs. The portal aims to provide a legitimate pathway for projects seeking funding and offer investors a chance to participate in promising blockchain ventures.
ICOs, which became popular following Ethereum’s launch in 2015, faced numerous challenges, including scams and regulatory violations. Previously a bustling center for ICO listings, Hong Kong had to implement strict measures, leading to the delisting of many tokens. The advent of security token offerings (STOs), though compliant, did not attract significant attention in Asia. However, the landscape has evolved considerably since then.
OSL Leads in Licensed Crypto Trading
Hong Kong’s financial landscape has witnessed significant regulatory changes, especially after the JPEX scandal, which is considered one of the largest financial frauds in the city’s history. These developments have expedited the approval process for cryptocurrency products, emphasizing compliance in the industry.
OSL Compliance Exchange, a licensed virtual asset platform, reports growing interest from financial technology solution providers in integrating tokenized platforms with traditional banking systems. This integration could harness public trust in banks, fostering the growth of the virtual asset sector.
June saw Hong Kong implement a new regulatory framework for cryptocurrencies. This framework allows retail investors to trade virtual assets, a shift from the previous policy that limited trading to professional investors with substantial assets.
As part of these regulations, the Securities, and Futures Commission (SFC) has begun issuing licenses to crypto exchanges. OSL and Hashkey Group were the first recipients of these licenses in Hong Kong. They also enjoy crypto-to-fiat conversion services from ZA Bank, the city’s largest online-only bank.
The Hong Kong Securities Association’s consideration of an ‘ICO’ portal represents a significant step towards redefining the city’s approach to digital asset fundraising. With this initiative, Hong Kong could reestablish itself as a leading hub for ICOs, balancing innovation with investor protection. The success of this proposal depends on the collaboration between the government, regulatory bodies, and industry stakeholders to create a robust and secure platform that aligns with global financial standards
Read Also: Hong Kong’s Largest Bank To Support Crypto, But There’s A Catch
<!–
–>
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
<!–
–>
-
Technology1 week ago
Chip Designer Arm Plans to Become Chip Manufacturer – Crypto News
-
Cryptocurrency3 days ago
SUI eyes 24% rally as bullish price action gains strength – Crypto News
-
others6 days ago
Japanese Yen remains depressed amid modest USD strength; downside seems limited – Crypto News
-
Technology1 week ago
MacBook Air M3 15-inch model gets a ₹12,000 price drop on Amazon: Deal explained – Crypto News
-
Cryptocurrency2 days ago
Coinbase scores major win as SEC set to drop lawsuit – Crypto News
-
others1 week ago
Japan Foreign Investment in Japan Stocks declined to ¥-384.4B in February 7 from previous ¥-315.2B – Crypto News
-
Technology1 week ago
Perplexity takes on ChatGPT and Gemini with new Deep Research AI that completes most tasks in under 3 minutes – Crypto News
-
Technology1 week ago
Lava Pro Watch X with 1.44-inch AMOLED display, in-built GPS launched in India at ₹4,499 – Crypto News
-
Blockchain6 days ago
XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge – Crypto News
-
Cryptocurrency1 week ago
Advisers on crypto: Takeaways from another survey – Crypto News
-
others1 week ago
Remains subdued below 1.4200 near falling wedge’s lower threshold – Crypto News
-
Cryptocurrency1 week ago
0xLoky Introduces AI-powered Intel for Crypto Data & On-chain Insights – Crypto News
-
Technology1 week ago
Factbox-China’s AI firms take spotlight with deals, low-cost models – Crypto News
-
Technology1 week ago
Massive price drops on Samsung Galaxy devices: Up to ₹10000 discount on Watch Ultra, Tab S10 Plus, and more – Crypto News
-
Cryptocurrency1 week ago
Tether Acquires a Minority Stake in Italian Football Giant Juventus – Crypto News
-
Blockchain1 week ago
XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says – Crypto News
-
others1 week ago
Australian Dollar jumps to highs since December on USD weakness – Crypto News
-
Technology1 week ago
Weekly Tech Recap: JioHotstar launched, Sam Altman vs Elon Musk feud intensifies, Perplexity takes on ChatGPT and more – Crypto News
-
Technology1 week ago
What will it take for India to become a global data centre hub? – Crypto News
-
Technology1 week ago
ChatGPT vs Perplexity: Sam Altman praises Aravind Srinivas’ Deep Research AI; ‘Proud of you’ – Crypto News
-
Blockchain1 week ago
NEAR Breaks Below Parallel Channel: Key Levels To Watch – Crypto News
-
Blockchain7 days ago
Will BTC Rebound Or Drop To $76,000? – Crypto News
-
Blockchain7 days ago
XRP Price Settles After Gains—Is a Fresh Upside Move Coming? – Crypto News
-
Metaverse6 days ago
How AI will divide the best from the rest – Crypto News
-
Business6 days ago
What Will be KAITO Price At Launch? – Crypto News
-
Business6 days ago
Elon Musk’s DOGE Launches Probe into US SEC, Ripple Lawsuit To End? – Crypto News
-
Blockchain6 days ago
XRP Price Pulls Back From Highs—Are Bulls Still in Control? – Crypto News
-
Business5 days ago
Whales Move From Shiba Inu to FXGuys – Here’s Why – Crypto News
-
Technology1 week ago
Best phones under ₹20,000 in February 2025: Poco X7, Motorola Edge 50 Neo and more – Crypto News
-
Blockchain1 week ago
Popular Investor Says Memecoin More Superior With ‘World’s Best Chart’ – Crypto News
-
Cryptocurrency1 week ago
Who is Satoshi Nakamoto, The Creator of Bitcoin? – Crypto News
-
Technology1 week ago
Grok 3 is coming! Elon Musk announces launch date, promises ‘smartest AI on Earth’ – Crypto News
-
Technology7 days ago
Union Minister Ashwini Vaishnaw to launch India AI Mission portal soon, 10 companies set to provide 14,000 GPUs – Crypto News
-
others6 days ago
Forex Today: What if the RBA…? – Crypto News
-
Cryptocurrency5 days ago
Hayden Davis crypto scandal deepens as LIBRA memecoin faces fraud allegations – Crypto News
-
Technology5 days ago
Luminious inverters for your home to never see darkness again – Crypto News
-
Technology3 days ago
Stellantis Debuts System to Handle ‘Routine Driving Tasks’ – Crypto News
-
Metaverse1 week ago
Strange Love: why people are falling for their AI companions – Crypto News
-
Cryptocurrency1 week ago
Yap-to-earn takes over Twitter – Blockworks – Crypto News
-
Technology1 week ago
Cyber fraud alert: Doctor duped of ₹15.50 lakh via fake trading app; here’s what happened – Crypto News
-
Cryptocurrency1 week ago
Crypto narratives as we await next market move – Crypto News
-
Business1 week ago
How Will It Affect Pi Coin Price? – Crypto News
-
Cryptocurrency1 week ago
GameStop Stock Price Pumps After Report of Bitcoin Buying Plans – Crypto News
-
Blockchain1 week ago
XRP Bullish Pennant Targets $15-$17 But Confirmation Is Required – Crypto News
-
Business6 days ago
These 3 Altcoins Will Help You Capitalize on Stellar’s Recent DIp – Crypto News
-
Business6 days ago
Why Ethereum (ETH) Price Revival Could Start Soon After Solana Mess? – Crypto News
-
Business6 days ago
Market Veteran Predicts XRP Price If Ripple Completes Cup and Handle Pattern – Crypto News
-
Cryptocurrency6 days ago
Bitcoin Sees $430M in Outflows as Market Responds to Fed’s Hawkish Stance – Crypto News
-
Technology1 week ago
JioHotstar streaming platform launched, merging content from JioCinema and Disney+ Hotstar – Crypto News
-
Technology1 week ago
Former Google CEO warns of ‘Bin Laden scenario’ for AI: ‘They could misuse it and do real harm’ – Crypto News
✓ Share: