🚀 Hong Kong Securities Commission Reports Increase in Virtual Asset Trading Revenue
#HongKong #SFC #VirtualAssetTrading #SecuritiesTrading #FuturesAndOptionsTrading #LeveragedForeignExchangeTrading #FinanceNews #HKD #FinancialReview
According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) has released its financial review report for the securities industry. The report highlights that the total commission income from virtual asset trading in the first half of 2025 amounted to HKD 127.9 million, marking an increase of HKD 500,000 compared to the second half of 2024. Additionally, the combined net commission income and interest income from securities trading, futures and options trading, leveraged foreign exchange trading, and virtual asset trading rose by 4%, from HKD 34 billion in the latter half of 2024 to HKD 35.4 billion.#HongKong #SFC #VirtualAssetTrading #SecuritiesTrading #FuturesAndOptionsTrading #LeveragedForeignExchangeTrading #FinanceNews #HKD #FinancialReview
🚀 Dmall Inc Announces Strategic Acquisition Plans
#DmallInc #StrategicAcquisition #HongKong #SecuritiesAndFuturesOrdinance #Type4 #Type5 #Type9 #Type1 #VirtualAssetTrading #ForesightNews
According to Foresight News, Dmall Inc's board has announced the submission of a non-binding letter of intent for the potential acquisition of two licensed entities under Hong Kong's Securities and Futures Ordinance, Chapter 571. One target company is licensed for Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management) regulated activities, while the other holds a Type 1 (dealing in securities) license. As of the announcement date, no binding agreements have been signed, and negotiations on the terms are ongoing. The potential acquisition is viewed as a strategic move to swiftly enter the regulated financial services sector. It aims to lay the groundwork for upgrading Type 1, Type 4, and Type 9 licenses to offer virtual asset trading services. The company plans to enhance these licenses post-acquisition to develop its core virtual asset business. The board emphasized that the terms and conditions of the potential acquisition are still under discussion.#DmallInc #StrategicAcquisition #HongKong #SecuritiesAndFuturesOrdinance #Type4 #Type5 #Type9 #Type1 #VirtualAssetTrading #ForesightNews
🚀 South Korea to Prohibit Interest Payments on Payment Stablecoins
#SouthKorea #InterestPayments #PaymentStablecoins #FinancialServicesCommission #VirtualAssets #Stablecoins #GeniusAct #BankAlliance #Fintech #Legislation #VirtualAssetTrading #CrossBorderRemittances
According to PANews, South Korea's Financial Services Commission Chairman, Lee Eui-yeon, announced on October 20 that interest payments on payment stablecoins, resulting from holding or usage, will not be permitted in principle. This statement was made during a national audit session in the National Assembly.
Lee highlighted that South Korea will adhere to the principles outlined in the U.S. Genius Act to prohibit such activities. He also mentioned exploring a bank-led alliance model, which would restrict fintech companies to technical partnership roles and prevent virtual asset exchanges from independently issuing stablecoins.
Regarding the second phase of virtual asset legislation, Lee confirmed that it will be submitted within the year and is currently in the final coordination stage. He also noted the potential overseas demand for stablecoins in areas such as virtual asset trading, payment settlements, and cross-border remittances, with plans to expand applications and prepare related work in advance.#SouthKorea #InterestPayments #PaymentStablecoins #FinancialServicesCommission #VirtualAssets #Stablecoins #GeniusAct #BankAlliance #Fintech #Legislation #VirtualAssetTrading #CrossBorderRemittances
🚀 Tianfeng Securities Faces Investigation by Regulatory Authorities
#TianfengSecurities #ChinaSecuritiesRegulatoryCommission #CSRC #Investigation #InformationDisclosure #IllegalFinancing #SecuritiesLaw #AdministrativePenaltyLaw #BusinessOperations #FinancingChallenges #Liquidity #VirtualAssets #HongKongSecurities #VirtualAssetTrading
According to ChainCatcher, Tianfeng Securities has announced that the China Securities Regulatory Commission (CSRC) has issued a 'Notice of Investigation' due to alleged violations related to information disclosure and illegal financing. The CSRC has decided to investigate Tianfeng Securities based on the Securities Law and Administrative Penalty Law.
A non-bank analyst suggests that if Tianfeng Securities is ultimately subjected to administrative penalties, it could negatively impact the company's business operations and financing, potentially leading to liquidity challenges. Previously, Tianfeng Securities disclosed that its wholly-owned subsidiary, Tianfeng International Securities and Futures Limited, had received approval from the Hong Kong Securities and Futures Commission to obtain a third-class license related to virtual assets, allowing it to offer virtual asset trading services through comprehensive account arrangements.#TianfengSecurities #ChinaSecuritiesRegulatoryCommission #CSRC #Investigation #InformationDisclosure #IllegalFinancing #SecuritiesLaw #AdministrativePenaltyLaw #BusinessOperations #FinancingChallenges #Liquidity #VirtualAssets #HongKongSecurities #VirtualAssetTrading
🚀 Hong Kong's Derlin Securities Gains Conditional Approval for Virtual Asset Trading Services
#HongKong #DerlinSecurities #VirtualAssetTrading #Approval #SecuritiesAndFuturesCommission #OmnibusAccount #RegulatedActivity #DerlinHoldings
According to ChainCatcher, Derlin Holdings (01709.HK) has announced in Hong Kong that its subsidiary, Derlin Securities (Hong Kong) Limited, which holds a 70% stake, has received conditional approval from the Hong Kong Securities and Futures Commission to offer virtual asset trading services under an omnibus account arrangement. This approval is contingent upon Derlin Securities meeting certain conditions related to its existing Type 1 (securities trading) regulated activity license.#HongKong #DerlinSecurities #VirtualAssetTrading #Approval #SecuritiesAndFuturesCommission #OmnibusAccount #RegulatedActivity #DerlinHoldings
🚀 Hong Kong's EX.IO Receives Approval for OTC Virtual Asset Trading
#HongKong #EXIO #VirtualAssetTrading #OTC #SecuritiesAndFuturesCommission #Cryptocurrencies #Bitcoin #Ethereum #USDT #USDC #USDTRC20 #FiatCurrencies #HongKongDollar #BTC #ETH
According to Odaily, Hong Kong's licensed virtual asset trading platform EX.IO has received official approval from the Hong Kong Securities and Futures Commission to offer over-the-counter (OTC) virtual asset trading services under its existing license framework. The platform has now launched these OTC services, which are available to eligible investors. Initially supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and USDTTRC20, along with fiat currencies such as the U.S. dollar and Hong Kong dollar.#HongKong #EXIO #VirtualAssetTrading #OTC #SecuritiesAndFuturesCommission #Cryptocurrencies #Bitcoin #Ethereum #USDT #USDC #USDTRC20 #FiatCurrencies #HongKongDollar #BTC #ETH
🚀 Hong Kong's Derlin Holdings Subsidiary Gains Approval for Virtual Asset Advisory Services
#HongKong #DerlinHoldings #VirtualAssetAdvisory #SecuritiesAndFuturesCommission #Type4License #ProfessionalInvestors #Tokenization #VirtualAssetTrading #DerlinSecurities #SFC #LicenseUpgrade
According to ChainCatcher, Hong Kong-listed Derlin Holdings announced that its subsidiary, Derlin Securities (Hong Kong) Limited, received conditional approval from the Hong Kong Securities and Futures Commission (SFC) on January 15 to offer virtual asset advisory services. This approval allows the company to upgrade its existing Type 4 license, which permits advising on securities.
Under the conditions of the approval, Derlin Securities can only provide these advisory services to professional investors who are existing clients of its Type 4 business. Additionally, Derlin Securities had previously been approved to upgrade its Type 1 license for dealing in securities.
Derlin Holdings stated that it expects to officially launch virtual asset trading services in February, following the completion of system integration and testing with SFC-licensed platforms. This license upgrade is intended to support the group's strategic focus on the tokenization of virtual and real-world assets.#HongKong #DerlinHoldings #VirtualAssetAdvisory #SecuritiesAndFuturesCommission #Type4License #ProfessionalInvestors #Tokenization #VirtualAssetTrading #DerlinSecurities #SFC #LicenseUpgrade
🚀 Mox Bank Receives Approval to Offer Virtual Asset Trading Services
#MoxBank #VirtualAssetTrading #HongKong #DigitalBank #Bitcoin #Ethereum #Cryptocurrency #Blockchain #RegulatoryApproval #CryptoTrading #BTC #ETH #SOL
Mox Bank, a digital bank in Hong Kong, has announced regulatory approval to upgrade its license to provide virtual asset trading services through integrated accounts. According to ChainCatcher, the bank will initially support Bitcoin and Ethereum trading in U.S. dollars. The trading fee structure is divided into four membership levels, with the Basic level charging a 1.25% commission on virtual asset trades, while the Elite level charges 0.5%.
Mox Bank is the second digital bank to receive approval for virtual asset trading. Previously, ZA Bank launched cryptocurrency trading services in July of last year, allowing transactions in BTC, ETH, SOL, and LINK using Hong Kong dollars or U.S. dollars.#MoxBank #VirtualAssetTrading #HongKong #DigitalBank #Bitcoin #Ethereum #Cryptocurrency #Blockchain #RegulatoryApproval #CryptoTrading #BTC #ETH #SOL
🚀 Hong Kong Securities Regulator Flags Ju.com as Suspicious Platform
#HongKong #SecuritiesAndFuturesCommission #Jucom #SuspiciousPlatform #VirtualAssetTrading #UnlicensedActivities
Hong Kong's Securities and Futures Commission (SFC) has officially added "Ju.com" to its list of suspicious virtual asset trading platforms. According to PANews, the SFC stated that the entity claims to operate a virtual asset trading platform and is suspected of conducting unlicensed activities.#HongKong #SecuritiesAndFuturesCommission #Jucom #SuspiciousPlatform #VirtualAssetTrading #UnlicensedActivities
🚀 Hong Kong Considers Allowing Tokenized Securities Trading for Retail Investors
#HongKong #TokenizedSecurities #RetailInvestors #VirtualAssetTrading #SecuritiesAndFuturesCommission #TokenizedFunds #MoneyMarketFunds #Regulation #SecondaryTrading #Blockchain
Hong Kong's Securities and Futures Commission (SFC) is contemplating permitting licensed virtual asset trading platforms (VATPs) to offer secondary trading services for tokenized securities to retail clients. According to ChainCatcher, Lo Hoi-sze, Deputy Director of the SFC's Intermediaries Division, stated that the authorities are examining the relevant requirements, operational risks, and control measures, and are drafting related circulars.
Currently, retail investors in Hong Kong can only subscribe to and redeem tokenized funds in the primary market. Lo highlighted the SFC's interest in the local tokenized money market funds and expressed a desire to enable their trading on licensed VATP platforms. The SFC has initiated preliminary consultations with the industry regarding these requirements.
Lo emphasized that from the SFC's perspective, tokenized securities are fundamentally the same as ordinary securities, with the addition of a technological aspect. Therefore, the regulatory principle of "same business, same risk, same rules" will be applied.#HongKong #TokenizedSecurities #RetailInvestors #VirtualAssetTrading #SecuritiesAndFuturesCommission #TokenizedFunds #MoneyMarketFunds #Regulation #SecondaryTrading #Blockchain
🚀 Ghana SEC Launches Virtual Asset Trading Pilot Program
#GhanaSEC #VirtualAssetTrading #PilotProgram #Blockchain #Crypto #DigitalAssets #SecuritiesAndExchange #Innovation #FinancialRegulation
Ghana's Securities and Exchange Commission has announced the selection of 11 companies to participate in a virtual asset trading pilot program. According to ChainCatcher, this initiative will span 12 months, allowing the chosen firms to test their products and services within a controlled environment. The announcement was made in a statement released by the Ghana SEC on Tuesday.#GhanaSEC #VirtualAssetTrading #PilotProgram #Blockchain #Crypto #DigitalAssets #SecuritiesAndExchange #Innovation #FinancialRegulation
🚀 Consumer Lending Platforms Explore Overseas Expansion Amid Revenue Decline
#ConsumerLending #RevenueDecline #LoanIssuance #LendingRegulations #ConsumerCreditDemand #SoutheastAsia #LatinAmerica #Blockchain #Vcredit #Cryptocurrency #EXIOGroup #VirtualAssetTrading #ThousandWhalesTechnology #InternationalExpansion
Several consumer lending platforms are experiencing a decline in revenue and loan issuance, driven by new lending regulations and a slowdown in consumer credit demand. According to Odaily, platforms such as Lexin and Yiren Digital have begun expanding their operations overseas, with Southeast Asia and Latin America emerging as key markets. Meanwhile, Vcredit has been focusing on the blockchain industry, having indirectly acquired a 15% stake in the cryptocurrency exchange Thousand Whales Technology (BVI) in 2024. Last year, Vcredit invested HKD 2.395 billion in EXIO Group, one of the first licensed virtual asset trading platforms by the Hong Kong Securities and Futures Commission.#ConsumerLending #RevenueDecline #LoanIssuance #LendingRegulations #ConsumerCreditDemand #SoutheastAsia #LatinAmerica #Blockchain #Vcredit #Cryptocurrency #EXIOGroup #VirtualAssetTrading #ThousandWhalesTechnology #InternationalExpansion