A rrano Capital has launched the first cryptocurrency fund in Hong Kong approved by the Securities and Futures Commission (SFC) for distribution to professional investors. The fund is a tracker fund that only buys and holds Bitcoin, targeting a first-year size of US$100 million. Gaven Cheong. According to Gaven Cheong, a partner at Simmons & Simmons who handled the deal, it is an open-ended. (Bloomberg) -- Venture Smart Asia Ltd. has launched Hong Kong's first approved cryptocurrency fund with a target first-year size of $100 million, offering an officially sanctioned window for. Huobi launches 4 crypto investment funds in Hong Kong According to a report by the South China Morning Post (SCMP) ,the offering consists of two funds that track the price of Bitcoin and Ethereum , respectively, an actively-managed fund that invests in a basket of cryptocurrencies, and a fund that invests in the cryptocurrency mining industry
Hong Kong SFC Issues Crypto Fund Licensing Conditions for Hong Kong Crypto Fund Managers. Hong Kong's Securities and Futures Commission (SFC) has published Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets  (Terms and Conditions for Virtual Assets) - standard terms and conditions that it will impose as a licensing condition on. Hong Kong regulates crypto funds For the first time, Hong Kong's Securities and Futures Commission sets out rules for crypto asset managers. ICOs are OK—with limitations. By Josh Quittner. 3 min read. Oct 5, 2019 Oct 5, 2019 Numerous crypto startups have moved their operations to Hong Kong for its ease of doing business, and a vibrant community of crypto-focused funds and advisory firms call this city home as well. The city-state is also attractive for its proximity to the Chinese market, which is the largest Bitcoin mining market in the world and has massive numbers of people that are beginning to adopt crypto
HONG KONG (R) - A year after Hong Kong launched a pioneering scheme allowing fund managers to invest in cryptocurrency assets, barely any players have been approved, highlighting the. Fake Cryptocurrency Websites. In 2015, the Dash Foundation as well as Bitcoin Hong Kong issued warnings to their audience that both had noticed several websites popping up claiming to them. These websites were clearly scams pretending to speak for Bitcoin Hong Kong and the Dash foundation and should be ignored and reported to authorities Hong Kong will regulate all cryptocurrency trading platforms operating in the financial hub, the city's markets watchdog said, changing its previous opt in approach. Ashley Alder, chief executive officer of the Securities and Futures Commission (SFC), said during the 2020 Hong Kong FinTech Week that the requirement will apply to all platforms even if they do not trade security tokens. Hong Kong regulates crypto funds. Read full article. Josh Quittner. October 5, 2019, 9:11 AM. For the first time, Hong Kong's Securities and Futures Commission—the equivalent of the U.S.'s. Hong Kong's blockchain arm, Arano Capital, has announced the launch of its Bitcoin finance scheme after it passed the authorization stage to allow it to deal in virtual assets. Venture Smart Asia Ltd. has pushed the initial endorsement fund of $100 million, allowing Bitcoin trading outfits to enjoy trading rights across the whole of Hong Kong
Fully regulated by Hong Kong Securities & Futures Commission (SFC), MaiCapital is the first SFC Type 4 & 9 asset manager in Hong Kong to have a dedicated Blockchain asset operation. We seek to employ our wealth of experience in fund management and technology to offer institutionalized investment services in the Blockchain asset market Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million US dollars, of which no more than 10% will be cryptocurrency. — Wu Blockchain (@WuBlockchain) January 14, 202 HONG KONG, May 21 (R) - Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to professional. Huobi has secured license from the SFC to launch a cryptocurency investment fund in Hong Kong amid reports that the regulators are close to banning retail crypto trading. March 4, 2021 | AtoZ Markets - Huobi, one of the largest cryptocurrency exchange platforms in China, plans to launch three cryptocurrency funds through its Hong Kong-based subsidiary Huobi Technology Holdings Hong Kong's first approved cryptocurrency fund, Arrano Capital, the blockchain arm of Venture Smart Asia announced its rollout of a new Bitcoin fund in Hong Kong. The Securities and Futures Commission (SFC), Hong Kong's financial regulator announced its guidelines for crypto-related funds in October 2018
ShareArrano Capital has launched the first regulated Bitcoin fund for professional investors (PIs) in Hong Kong. CIO Avaneesh Acquilla told Asian Private Banker that the timing of the launch was fitting because of the volatility of bitcoin is becoming comparable to some traditional asset classes. The crypto fund launched on Monday will track the price.. The fund is not available to everyone, and it was granted approval to cater only to institutional investors. But the news potentially paves the way for more asset managers to file for SFC approval under Hong Kong's stringent rules to be designated as authorized funds to market to the public.. Hong Kong's approval comes on the heels of Singapore-based digital securities investment. If it however distributes such a fund in Hong Kong it requires a type 1 license. The SFC however expects that a fund holding cryptocurrencies behaves as if it held securities or futures. All licensed funds that hold more than 10% of their funds in cryptocurrencies are now subject to special Terms and Conditions which may differ from fund to fund Venture Smart Asia Ltd. has launched Hong Kong's first approved cryptocurrency fund with a target first-year size of $100 million, offering an officially sanctioned window for institutional. Hong Kong Denies Capital Flight Reports. Meanwhile, a Canadian lawyer, Jean-Francois Harvey, who is based in Hong Kong similarly confirms seeing a five-fold increase in clients seeking to move.
Hong Kong-based Huobi Asset Management announced the launch of Bitcoin (BTC), Ethereum (ETH), and mining-related funds for professional investors yesterday, it said in a release shared with CryptoSlate. [We] offer professional investors the opportunity to build crypto ownership in a secure, reliable, and convenient manner via traditional fund products, which investors otherwise would have. Local financial technology and crypto industry associations have opposed regulation stopping exchanges from offering services to retail investors, warning this could drive exchanges out of Hong Kong. In Singapore, for example, cryptocurrency exchanges must be licenced, but can have retail investors as clients Intrepid Ventures Intrepid Ventures is a crypto venture capital fund based in Hong Kong. Intrepid Ventures Info Address: 40-44 Bonham Strand, Sheung Wan Hong Kong Hong Kong Website: https://intrepid.ventures Intrepid Ventures Leadership: Colin Thompson, Co-Founder..
ShareThis week has started with a groundbreaking fund launch, the first SFC-regulated crypto fund in Hong Kong for professional investors. This now gives financial institutions a clear vehicle to get simple exposure to Bitcoin. But the achievement took two years of volatile fortunes - in the markets, in negotiations, and in the management team. On.. Huobi Asset Management, an affiliate of the crypto exchange, has launched in Hong Kong four virtual asset funds for institutional investors. Why it matters: Newly licensed Huobi Asset Management is one of several Chinese cryptocurrency companies looking to lure deep-pocketed institutional investors by taking advantage of favorable digital asset laws in Hong Kong and Singapore Hong Kong Cryptocurrency Fund With cryptocurrencies taking the world by storm since its inception, leading digital asset, Bitcoin has amassed a massive market capitalization of $117.8 billion during the first quarter of 2020. However how great this news is, the digital asset has obviously met with obstacles and regulations in different aspects across the globe In 2019, Crypto focused hedge funds assets under management (AUM) doubled to US$2 billion, and the average per fund jumped to US$44 million from US$21.9 million the prior year, according to a research by PwC and digital asset investment firm Elwood Asset Management Services
Tips for a successful Hong Kong crypto-fund launch; Five top tips for a successful Hong Kong crypto-fund launch (Updated) This article discusses what a prospective fund manager should be considering when launching a crypto currency or digital assets fund in Hong Kong. 27 August 2020 Publication On 20th April 2020 Bloomberg confirmed that Venture Smart Asia launched its maiden cryptocurrency fund in Hong Kong, with a pre-set ambitious target of reaching $100 million within the first year.. It was 2018 when the Securities and Futures Commission (SFC) introduced the first-ever crypto regime in Hong Kong and went on to approve licenses of several crypto asset managers in its efforts to. Hong Kong-listed Huobi Technology Holdings is launching three funds that will invest entirely in digital currencies after receiving a green light from the Hong Kong financial market regulator.. First revealed by Colin Wu on Twitter, one of the cryptocurrency funds will invest in Bitcoin, while another in Ethereum
The first cryptocurrency fund was started by Venture Smart Asia, Hong Kong legalized one.It's objective in the first year is near about $100 million, beneficiary offered by an authorized window for institutional investors in Bitcoin The Hong Kong government is stepping towards making licensing local crypto exchanges mandatory, which will only be allowed to offer services to professional investors.. The financial market's regulator of the autonomous administrative regions already floated the idea last year and was seeking industry consultation on the proposal but now the consultation period has expired On 4 October, the Hong Kong Securities and Futures Commission (SFC) released a detailed document, outlining new regulations for crypto fund managers.. One of the main requirements introduced with this new regulatory filing is that fund managers dealing with virtual assets will have to maintain a constant liquid capital of a minimum HK$ 3 million
Arrano Capital, the Hong Kong asset manager's blockchain arm, announced Monday the rollout of its Bitcoin fund, after clearing licensing conditions to let it deal in virtual assets with the Securities and Futures Commission this month. It's the first such fund approval since local regulators started to look into ways to exert oversight over the crypto industry about a year ago Hong Kong is one of the Asian countries that have shown a great degree of openness towards the development of the fintech industry. Crypto and blockchains are benefiting from the favorable business regime in the city and the number of start-up companies in this field has grown in recent years. Hong Kong is standing out from other Asian countries because of its favorable regulatory regime and. Huobi's subsidiary, Huobi Asset Management, has obtained a license from the Securities and Futures Commission of Hong Kong, iHodl Russia has learned.With the license, the exchange will reportedly launch three cryptocurrency funds focused on bitcoin (EXANTE: Bitcoin), ether (ETH) and multi-strategy funds.Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news Hong Kong cryptocurrency exchange regulation. To carry out cryptocurrencies and fiat funds in Hong Kong, you need to obtain a money service operator license, as well as to check for the absence of transactions to sponsor terrorism and purchase weapons (AML / CTF)
Hong Kong passed a tax concession bill for funds to bolster its competitiveness as an investment management hub. The Hong Kong Legislative Council approved a bill on Wednesday granting tax. Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it's interesting to note Meitu founder Cai Wensheng's previous interest in the cryptocurrency. Wensheng has revealed that he saw the future of Bitcoin long ago, and that he owned 10,000 BTC ($504M) in 2018 Huobi Asset Administration, an affiliate of the crypto change, has launched in Hong Kong 4 digital asset funds for institutional traders. Why it issues: Newly licensed Huobi Asset Administration is considered one of a number of Chinese language cryptocurrency firms trying to lure deep-pocketed institutional traders by benefiting from favorable digital asset legal guidelines in Hong Kong and. The Hong Kong government's proposed legislation to ban crypto trading for retail investors and require virtual asset service platforms (VASPs) to obtain licenses to operate has caused great concern among the territory's crypto community. Fears are that Hong Kong might cede its position as a regional fintech hub to neighbors such as Singapore, or fall behind other centers in the U.K. or U.S. Both traditional financial institutions and crypto funds participated in the funding round, including RIT Capital Partners of the U.K., Australia's Ellerston Capital, Hong Kong-based Kingsway.
Crypto.com, the pioneering payments and cryptocurrency platform, formerly known as Monaco, seeks to accelerate the world's transition to cryptocurrency. Its MCO branded consumer financial services, including the MCO Visa Card, MCO Wallet App, and MCO Token embrace a vision of Cryptocurrency in Every Wallet Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Fir Follow. Hong Kong yesterday issued a new regulatory framework for crypto funds. Here are the 10 things you need to know! A very positive development for the funds industry in Asia Hong Kong Has Issued Regulations for Crypto-Assets — Here Are the Key Takeaways by Diana Ngo October 21, 2019 The Securities and Futures Commission of Hong Kong (SFC) has issued regulations for fund managers investing in virtual assets, setting requirements for the custody of virtual assets, how to manage counterparty risk, and more T he Hong Kong Securities and Futures Commission (SFC) license scheme for cryptocurrency fund managers was unable to approve barely any players even after a year of its launch.According to some sources, the commission issued just one license in a year. Hong Kong Securities and Futures Commission (SFC) introduced a license for the crypto fund manager in October of 2018 bit according to the.
Hong Kong Tax Alert - Issue 8, April 2020. Fluctuations in the value of many digital assets such as Bitcoin and other cryptocurrencies (crypto or tokens) in the digital asset economy has not only attracted Crypto miners and technology start-ups, but increasingly serves as an alternative asset class for traditional asset managers Today, Venture Smart Asia has, through its blockchain arm, Arrano Capital, launched the first cryptocurrency fund within Hong Kong with official approval Hong Kong has revealed that it could be implementing a new law that will only allow professional investors (those with at least $1 million) to invest in Bitcoin. The securities watchdog will also have greater oversight over the crypto industry, a move away from the previous regime when regulations were opt-in . The regulatory circular is published on the SFC website on October 4.. In a 37-page document, the SFC introduced terms and conditions for corporations that manage portfolios investing in virtual assets
. The SFC issued a statement on November 1, 2018, laying out its new approach for regulating virtual assets in the future. The SFC granted that there are many inherent risks in investing in a new space like cryptoassets and set out to address these risks through. Hong Kong said cryptocurrency exchanges can only provide services to professional investors, R reported. These include individuals with investment portfolios of at least roughly $1 million.
The first official crypto hedge fund of Hong Kong has been rolled out by Arrano Capital, the blockchain subsidiary of Hong Kong's asset management platform, Venture Smart Asia Ltd.; Hong Kong's first official crypto hedge fund has been rolled out by Venture Smart Asia Ltd with a target goal of over USD 100 million for the first year Our expert strategy and planning with cryptocurrency investments in super funds allows our members to be achieving upwards of 12-19 percent plus, year in year out. Hong Kong. 12/F, Henley Building, 5 Queen's Road Central Central, Hong Kong (+852) 5808 3877. Hong Kong has finally published the official regulations for crypto fund managers. The region's Securities and Futures Commission published the regulations on its website, almost one year after it revealed it was seeking to regulate the industry
The Securities and Futures Commission (SFC) of Hong Kong has officially released regulations for crypto hedge fund managers. The SFC released a comprehensive 37-page document titled, Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets, which outlined new rules for crypto hedge funds. The document comes after ACT reported [ Note that several cryptocurrency funds are already operating in Hong Kong. For example, in April 2020, a Bitcoin passive fund from Arrano Capital was launched. Also last May, MaiCapital launched the actively managed hedge fund Bitcoin + Investment Fund for professional investors
Last week, Limited Partnership Fund Bill was passed by the Legislative Council of the Hong Kong Special Administrative Region. The bill that aims at attracting private equity, real estate and venture capital funds to set up and operate in Hong Kong also covers investment in digital assets. The bill will come into operation on August [ Hong Kong's Securities and Futures Commission (SFC) is expected to be making some changes which will affect the cryptocurrency space as a whole. Firstly, all funds which have more than 10% of their investments in crypto-related assets will have to apply for a special SFC license. These funds will also be limited to institutional investors CMCC Global: Crypto Fund Manager in Hong Kong, Asia. CMCC Global is a Crypto Fund Manager located in Hong Kong Hong Kong, Asia. Request Profile Updat
Hong Kong's securities watchdog unveiled new rules for cryptocurrency funds and said it may regulate digital-asset exchanges, joining a global push to improve supervision of an industry whose rapid expansion has attracted everyone from mom-and-pop investors to Wall Street banks As reported by Bloomberg, Venture Smart Asia Ltd. has launched the first officially sanctioned crypto asset fund after clearing licensing conditions with the Securities and Futures Commission (SFC).. It is the first time the Hong Kong SFC has approved a pure crypto fund that can be marketed only to professional investors. Investors can already access digital assets such as Bitcoin and Ethereum. Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it's interesting to note Meitu founder Cai Wensheng's previous interest in the cryptocurrency. Wensheng has revealed that he saw the future of Bitcoin long ago, and that he owned 10,000 BTC ($504M) in 2018 Hong Kong is the center of a new kind of scam in which potential love seekers wind up getting cheated out of cryptocurrency funds Hong Kong's financial regulator — the Securities and Futures Commission (SFC) — will publish a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges today. The news, reported.
The cryptocurrency exchange incurred substantial losses as a result. Switching service providers did not help as the French-regulated payment institution still retained a significant portion of Gatecoin's funds. Legal action has, however, not borne any fruit for the Hong Kong crypto exchange The new Hong Kong license and funds highlight 38-year-old Huobi founder Leon Li's endeavour to ensure his cryptocurrency empire, whose main exchange unit has drawn scrutiny over the years from. Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will.
Hong Kong Regulator Brings New Rules To Regulate Cryptocurrency Exchanges and Funds Nov 2 2018 · 07:33 UTC | Updated Nov 2 2018 · 08:24 by Bhushan Akolkar · 4 min read Photo: akwan.architect. Hong Kong Hedge Fund Manager: Bitcoin Bubble Burst Is In Progress, Looking At $15,500 Support Level. Hedge Funds Pile Into Crypto As Institutions Question Bitcoin's Value. May 24 2021. Top 25 Quotes On Bitcoin Impact On The Environment. more Crypto new 45816 Crypto Improvement Fund (CIF) is 91.15 Hong Kong Dollar (HKD). updated 2 years, 1 month, 2 weeks, 1 hour, and 46 minutes ago Crypto Improvement Fund (CIF
Huobi Asset Management Hong Kong has been approved by the Securities and Futures Commission to deal solely in virtual assets, the Securities Times reported today, citing the unit. As such it is preparing to issue three cryptocurrency funds, namely a Bitcoin tracking fund, an Ethereum tracking fund and a multi-strategy fund Huobi Tech plans to launch pure BTC, ETH funds in Hong Kong. Huobi Asset Management plans to launch a BTC tracker fund, an ETH tracker fund, and multi-strategy digital asset funds that are all 100% invested in cryptocurrencies. Also, it is rolling out a multi-asset fund that splits 10% in digital assets and 90% in equity and fixed income Hong Kong Cryptocurrencies. 34 likes · 1 talking about this. Community Organizatio