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Hong Kong-based institutional cryptocurrency asset custodian Hex Trust has been approved to provide virtual asset custodial services to institutional clients and investors in Dubai. The firm, which opened its office in Dubai in June 2022, has been awarded a full virtual asset service provider (VASP) license by the Virtual Asset Regulatory Authority (VARA) of Dubai as of Nov. 15. Exciting news! Hex Trust has been granted a full Virtual Asset Service Provider (VASP) license by VARA in Dubai , becoming one of the first few virtual asset companies to receive this operating license in the region. https://t.co/FkwHgDOLQY 1/3 — Hex Trust (@Hex_Trust) November 15, 2023 This follows the company’s initial acquisition of a minimal viable product (MVP) operations license in February 2023. With this latest development, it is now fully authorized to operate within the jurisdiction. Filippo Buzzi, the Regional Director of MENA for Hex Trust, remarked on the approval, highlighting...

The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees. Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed. On Nov. 5, attendees began reporting eye and skin-related issues after attending ApeFest the day before — which was a free event for Bored and Mutant Ape Yacht Club owners held in Hong Kong. In a Nov. 9 X (Twitter) post, Yuga’s Bored Ape Yacht Club (BAYC) account confirmed that “UV-A emitting lights installed in one corner of the event was likely the cause of the reported issues .” The BAYC said the determination came following a joint investigation with Jack Morton Worldwide, the agency that produced ApeFest, which conducted on-site inspections, testing, ...

A Hong Kong man accused of playing a role in the unfolding JPEX crypto scandal has apparently been caught destroying potential evidence using paper shredders and a bathtub full of bleach. As reported by the South China Morning Post (SCMP), the man, known only as ‘Tang,’ was arrested along with three other suspects who authorities say are “relatively close to the core” of the troubled Dubai-based Crypto platform. The arrests bring the total number of people apprehended in connection with JPEX to 19 with police reportedly still tracking a number of people accused of money laundering and fraud.  JPEX was accused this month by Hong Kong’s Securities and Futures Commission of having “suspicious features” while also operating without a license . Access to JPEX for residents in Hong Kong was blocked last week and more than 2,400 complaints have been made to the police regarding the company. Alongside the arrests, police also seized cash and valuables worth HK$6....

Buterin shared doubts about Hong Kong’s crypto welcome party and laws during a Singapore summit, prompting an invitation from local regulator Johnny Ng. A member of the Legislative Council invited Ethereum (ETH) creator Vitalik Buterin to scope out Hong Kong’s regulatory atmosphere and assured Buterin of lasting crypto-friendly rules for compliant operators. Council member Johnny Ng beckoned Buterin to Hong Kong in response to the crypto OG’s comments at the Web3 Transitions Summit in Singapore.  During the event, Buterin noted that though he did not fully understand the “complicated interaction between Hong Kong and mainland China.” He worried about how long policies meant to bootstrap crypto innovation in the region might last. Hong Kong is a special administrative region linked to mainland China with its legislative procedures and policy formulation. According to Johnny Ng, Hong Kong has Beijing’s backing to explore digital assets and develop a framework to oversee ...

New Service For Hong Kong Users Effective from 29 May 2023, existing BitMEX users domiciled in Hong Kong , will no longer have access to the services provided by HDR Global Trading Limited through the current website or API connections. advertisement To ensure a seamless transition, Hong Kong Users will be transferred to HDR BMEX Limited , their affiliated Hong Kong entity. Starting from given date, they will exclusively receive service through the BitMEX Hong Kong mobile app, available for download. The BitMEX Hong Kong app has a comprehensive range of Features to empower users with control over their portfolios. Users can conveniently buy and sell cryptocurrencies instantly using 11 trading pairs, as well as securely purchase cryptocurrencies with over 30 currencies. Following this, any pending orders, incomplete quotations, or conversion requests will be canceled at 13:00 HKT on 29 May 2023. Remaining account balance will be transferred to Bit...