Hong Kong Is Bullish on Crypto. Its Banks Aren’t So Sure.

Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank.

• 2023-07-17
• HONG KONG traditional banks crypto exchanges exchanges

Signs 'crypto winter' ending as regulatory fog begins to lift

Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months. Second-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital.

• 2023-07-14
• asset manager digital assets exchange traded fund regulatory environment crypto exchanges

First Mover Asia: Bitcoin 'Looks Vulnerable': Analyst

The largest crypto by market value ticked upward to $26.8K as Asia markets opened. ALSO: A Financial Times report Monday raised fresh questions about the appropriateness of crypto exchanges operating market makers.

• 2023-06-20
• market makers Craig Erlam crypto exchanges bitcoin exchanges

Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients.

• 2023-06-15
• Hong Kong Monetary Authority Bank of China Standard Chartered HSBC Hong Kong crypto exchanges

HSBC, StanChart face pressure from Hong Kong to take on crypto clients - FT

The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month on why crypto exchanges were not being accepted as clients, according to the report. HSBC, Standard Chartered and the HKMA did not immediately respond to a Reuters request for comments.

• 2023-06-15
• Hong Kong Monetary Authority Standard Chartered Hong Kong HSBC crypto exchanges

Bitcoin Supply on Exchanges Slides to Three-Year Low

Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.

• 2023-06-14
• unregistered securities U.S. Securities and Exchange Commission Bitcoin crypto exchanges

Hong Kong legislator encourages Coinbase to set up shop in city under new crypto rules

Local legislator suggests global cryptocurrency exchanges such as U.S.-based Coinbase set up operations in Hong Kong as the city’s new licensing regime for crypto retail trading took effect on June 1.

• 2023-06-12
• Hong Kong Coinbase crypto rules crypto exchanges

Bitcoin Is Sitting at Key Level as Pressures on Coinbase Build After SEC Charges

Bitcoin edges higher as the digital asset space reels from a U.S. regulatory crackdown on Binance and Coinbase, the two leading crypto exchanges.

• 2023-06-09
• Coinbase crypto exchanges trading range

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.

• 2023-06-08
• Commonwealth Bank cryptocurrency exchanges crypto exchanges

Australia's largest bank blocks payments to some crypto exchanges

Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures that would limit customer crypto payments. A spokesperson for CBA, the country's largest bank, declined to name the crypto exchanges involved. The bank said it would also from Thursday hold certain payments to crypto exchanges for 24 hours and soon introduce a monthly A$10,000 ($6,666) transfer limit to crypto exchanges.

• 2023-06-08
• Commonwealth Bank of Australia cryptocurrency exchanges crypto exchanges exchanges payments