Home Hong Kong Considers New Licensing Regime For OTC Crypto Trading

Hong Kong Considers New Licensing Regime For OTC Crypto Trading

Share
Share

By Kapil Rajyaguru

Hong Kong Considers New Licensing Regime For OTC Crypto Trading.

The Securities and Futures Commission (SFC) in Hong Kong has asked industry players whether it should implement a new cryptocurrency OTC licensing framework.

SFC, the securities and futures markets regulator, would regulate crypto OTC trading enterprises with C&ED under the new system.

ParaFi Brings VC Fund to Blockchain with Innovative Tokenization Approach.

ParaFi Capital, a New York-based digital asset management business backed by Henry Kravis, will tokenize a small stake of its newest venture-capital fund, which closed in May.

The limited partner (LP) stake will be accessible on Securitize and the Avalanche blockchain, both ParaFi investments.

In a recent interview, ParaFi founder Ben Forman said this is the start of a larger tokenization plan for the $1.2 billion company.

Trump To Launch World Liberty Financial Crypto Platform On Sept. 16.

Former President and Republican presidential candidate Donald Trump said World Liberty Financial would begin on Sept. 16. Trump claimed he will unveil his sons’ enterprise live on X on Sept. 12 in a video.

World Liberty Financial gets mixed reviews. The initiative would start 50 days before the election, prompting questions about Trump’s intention to run.

USDC Issuer Circle Adds Arbitrum To Web3 Platform.

According to a Sept. 12 blog post, Circle Internet Financial, the manager of dollar-backed stablecoin US Dollar Coin, has incorporated layer-2 scaling chain Arbitrum into its Web3 infrastructure platform.

The blog article claimed Web3 provides USDC-centric programmable wallets, smart contract tools, and gas-fee abstraction to Arbitrum. Arbitrum is Ethereum’s biggest layer 2 with $2.5 billion TVL, according to DefiLlama.

The blog article noted Circle’s Web3 technology works with Avalanche, Ethereum, Polygon PoS, and Solana blockchain networks.

Share

Latest News

Samsung Wallet Adds USDC Accounts On Solana
News

Samsung Wallet Adds USDC Accounts On Solana

Samsung has launched its Stablecoin Account feature in the US, allowing eligible Galaxy users to buy, hold and transfer USDC on Solana....

Trump-backed WLFI Announces Token Buyback Plan
News

Trump-backed WLFI Announces Token Buyback Plan

Trump-backed World Liberty Financial has announced a token buyback programme funded initially through fees generated by its USD1 stablecoin reserves and other...

Zcash Activates NU7 Upgrade, Cuts Block Time By 67% & Introduces Fee Reserve
News

Zcash Activates NU7 Upgrade, Cuts Block Time By 67% & Introduces Fee Reserve

Zcash activated its NU7 mainnet upgrade on Nov. 5, cutting target block times from 75 to 25 seconds. The Network Sustainability Mechanism...

Anchorage Digital Seeks CFTC Registration For Crypto Options
News

Anchorage Digital Seeks CFTC Registration For Crypto Options

Anchorage Digital has applied to register as a swap dealer with the US Commodity Futures Trading Commission (CFTC). If approved, the company...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...