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The newly approved Hong Kong Spot Bitcoin ETF products are reportedly expected to launch as early as April. Indeed, the products are eyeing an arrival date this month according to sub-custodian and infrastructure service provider OSL. Indeed, the digital solutions platform told The Block today. They state that the launch date should be unchanged if the interaction between the issuer and regulator continues to proceed without strain or a slowdown. Additionally, China Asset Management (ChinaAMC) is expecting “substantial” demand for the Bitcoin investment vehicle. Source: Crypto News Also Read: Hong Kong Approves Spot Bitcoin and Ethereum Application Hong Kong Spot Bitcoin ETFs to Launch This Month? In January of this year, the US Securities and Exchange Commission (SEC) approved the creation of 11 Spot Bitcoin ETFs. Just a day later the products went live, and trading began. Since then, the products have been immensely successful, becoming historic in their inf...

Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. In a blog announcement on Dec. 21, HashKey Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (SFC), which is why the exchange will not accept crypto deposits from third-party exchanges except Binance. Those users who send more than 8,000HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than 8,000HKD from binance.com. Deposit from other third party exchanges are not able to accepted.” HashKey Exchange You might also like: Hong Kong’s HashKey unveils plans to launch ERC-20 utility token However, deposit s below 8,000HKD will be permitted from 24 designated crypto exchanges. Starting Jan. 1, 2024, deposit s of less than 8,000HKD will be accepted from the follow...

The controversial crypto project’s new sign-ups have dwindled and numbers pale in comparison to the 2 million sign-ups before the launch of the project. The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25 Worlcoins (WLD) the native token of the project.  The project debuted on the back of 2 million pre-signups but the interest seems to have faded after the actual launch. On that first day, users seemed keen, with Hong Kong seeing the highest number of signups.  The city offered three designated spots called Orbs, where users ; irises are scanned and they're offered a “world ID.” According to a report published by South China Morning Post, the three designated locations in Hong Kong each saw about 200 signups on the first day, making it the highest number of signups across the 20 countries included in the launch. Heatherm Huang, one of the Orb operato...