On October 25, the South China Morning Post reported that Binance is backing the virtual assets derivatives exchange HKVAEX in its pursuit of a cryptocurrency license in Hong Kong. According to three industry insiders closely associated with HKVAEX, Binance initiated the establishment of the company in December 2022 with the specific goal of obtaining a…
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The Hong Kong Monetary Authority (HKMA) has reported a significant surge in the fight against bank fraud, with 954 complaints received in the first nine months of 2023. This marks an alarming almost twofold increase compared to the entirety of 2022, as also confirmed by the Central Bank of Hong Kong. In contrast, there were…
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Hong Kong holds the second position globally for the ease of conducting business, boasting a competitive edge with its friendly, transparent, and predictable tax regime. The Hong Kong government is committed to enhancing its legislative framework to foster a conducive business environment. The implementation of the Unique Business Identifier (“UBI”) holds significant importance, and the…
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