Cointime

Download App
iOS & Android

BitMEX Launches Dedicated Service for Hong Kong Users Ahead of VASP Regime

BitMEX has introduced a new service called BitMEX Hong Kong, which is designed to comply with the upcoming Hong Kong Virtual Asset Service Provider (VASP) regime. From May 29, 2023, existing BitMEX users in Hong Kong will be transferred to HDR BMEX Limited, the affiliated Hong Kong entity, and will exclusively receive service through the BitMEX Hong Kong mobile app. The app offers a range of features, including the ability to buy and sell cryptocurrencies instantly using 11 trading pairs and securely purchase cryptocurrencies with over 30 currencies. Verified Hong Kong users will not be required to undergo additional verification or KYC checks. Additionally, readers can stay informed and up-to-date with the latest news, analysis, and insights from experts in the field by checking out our updated list of Telegram channels for all things crypto in 2023.

Comments

All Comments

Recommended for you

  • Galaxy Digital scoops $306M in Solana after deal for crypto treasury

    Galaxy Digital has purchased $1.55 billion worth of Solana in the past five days after joining a $1.65 billion private placement in a Solana treasury firm.
  • London Stock Exchange launches blockchain platform for private funds

    The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, marking the first such initiative by a global exchange.
  • Thailand’s citizens are waking up to frozen bank accounts: Bitcoin anyone?

    Thailand froze three million bank accounts in an anti-scam crackdown, ensnaring users and prompting debate over whether Bitcoin offers a safer alternative.
  • Native Markets officially claims Hyperliquid's USDH stablecoin ticker

    Native Markets claimed the US dollar-pegged stablecoin ticker following a heated bidding war closely watched by the crypto community.
  • Strategist: Fiscal policy could trigger a sharp repricing of U.S. Treasuries

    Jussi Hiljanen, Chief Interest Rate Strategist at SEB Research, said in a report that the long-term US Treasury yield may further rise, partly because market confidence in US policy is waning. "Trust in US policy is eroding, considering the cost of forex hedging, lack of attractiveness in valuation, and investors shifting to European bonds, all indicate that long-term US yields face structural upward pressure, with long-term Treasury yields expected to rise modestly, but fiscal policy may trigger a significant repricing of US Treasury bonds." 
  • South Korean Conservatives Promise Trump-Style Crypto Policy in Presidential Campaign

    according to Yonhap News Agency, Hong Joon-pyo, a presidential candidate for the ruling party National Power Party in South Korea, promised to significantly reduce regulations on blockchain and cryptocurrency at a policy forum. This conservative candidate stated that he will emulate the regulatory approach of the Trump administration in the United States. He pledged to implement blockchain technology in government services and promote virtual assets as a separate industry.
  • South Korea plans to issue new guidelines in Q3 to lift ban on institutional cryptocurrency investments

    South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets.
  • Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted

    The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law.
  • Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support

    The Texas Senate has just passed Senate Bill 21 (SB-21) with a huge majority, marking a major step towards integrating digital assets into the national financial system.
  • Trump signs executive order establishing White House 2026 World Cup task force

    President Trump signed an executive order to establish a special White House 2026 World Cup task force.