ChainCatcher news, according to Hong Kong's Ta Kung Pao, Zhu Haokang, the head of digital asset management and family wealth management at Huaxia Fund (Hong Kong), stated that to encourage mainland enterprises with investment and financing needs to raise funds in the Web3.0 industry through Hong Kong's compliant tokenized securities laws and virtual asset trading platforms, Hong Kong can take the following measures:First, Hong Kong should fully leverage its advantages as an international financial center and actively improve the legal and regulatory framework for tokenized securities.At the same time, professional institutions in Hong Kong can provide legal and financial consulting services for mainland enterprises regarding Hong Kong RWA tokenization, helping them familiarize themselves with the issuance and trading processes of tokenized securities.Finally, Hong Kong needs to establish a sound investor protection mechanism to ensure that investors' rights and interests are effectively safeguarded.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 25.24 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 19.53 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 1.78 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.76 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 640,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 954,000 HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 572,000 HKD.

ChainCatcher news, according to Hanguk, the Financial Services Commission (FSC) of South Korea has denied reports about "allowing companies to issue real-name accounts for virtual assets (cryptocurrencies) starting next year," stating that discussions are still ongoing. In addition, some media reported that the launch of virtual asset ETFs has been postponed after the revision of the virtual asset law, but officials from the Financial Services Commission responded that this is also not true.

ChainCatcher news, South Korean lawmaker Choi Eun-sik has proposed an amendment to the "Foreign Exchange Transactions Act," aimed at preventing money laundering and other foreign exchange crimes related to virtual assets. The amendment proposes the establishment of a monitoring system for virtual asset transactions, the improvement of the institutional foundation for financial technology foreign exchange services, the enhancement of the convenience of foreign exchange transactions for individuals and businesses, and the strengthening of the intelligent construction of the foreign exchange monitoring system.He stated that the rapid development of virtual assets and financial technology in recent years has diversified cross-border transaction methods, but current laws have failed to cover these changes, leading to regulatory blind spots, particularly as money laundering involving virtual assets and illegal foreign exchange transactions have become increasingly serious.According to data from the Financial Intelligence Unit (FIU), the number of suspicious transaction reports from virtual asset merchants increased by 48.8% last year compared to the previous year. The Ministry of Finance plans to add definitions for virtual assets and virtual asset merchants next year and requires virtual asset merchants to register before conducting cross-border transactions and to regularly report users' transaction records to the Bank of Korea.The amendment is expected to be implemented in the second half of next year.

ChainCatcher news, according to Bitcoin.com, the Ministry of Interior of the United Arab Emirates (UAE) has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to enhance coordination in combating crimes related to virtual assets.The agreement requires both parties to share information and strengthen risk mitigation frameworks. Reportedly, the agreement also aims to support the UAE's strategy to protect its financial system from the evolving threats in the digital asset space.

ChainCatcher news, the draft regulations for the supervision of stablecoin issuers have been submitted to the Hong Kong Legislative Council for review this week. Legislative Council member and chairman of the Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, pointed out that stablecoins are part of the infrastructure of virtual assets. In addition to being used for investment, they can also facilitate cross-border payments, making them an important tool for citizens to participate in virtual assets. However, the current regulatory direction suggests that issuers should entrust their reserve assets to Hong Kong banks, which may not comply with the local regulations of individual coin merchants. Efforts will be made to communicate with the government and the industry to seek a compromise solution, such as establishing contracts or notes for mutual recognition between the two regions, while not requiring the assets to be held in Hong Kong.

ChainCatcher news, according to reports from Huigangtong, Hong Kong listed company Jingji Financial International (01468) announced the establishment of an Investment Committee, effective from December 15, 2024. The establishment of the Investment Committee aims to improve operational efficiency and strengthen investment decision-making and risk management processes, especially considering the group's strategic focus on cryptocurrencies and related technologies.The Investment Committee will be responsible for reviewing appropriate transactions, investment strategies, and the management of virtual assets (crypto assets), and will provide recommendations to the Board of Directors. In addition, the Investment Committee will evaluate, approve, and propose various investment opportunities presented by the group's management team. Furthermore, the Board of Directors may regularly appoint professional investment and/or financial advisors with relevant expertise to assist the Investment Committee in effectively fulfilling its responsibilities.

ChainCatcher news, Hong Kong listed company Jingji Financial International announced the exploration of new business and investment opportunities to generate positive returns. An investment committee will be established effective December 15 to invest in cryptocurrencies. This committee will be responsible for reviewing appropriate transactions, investment strategies involving virtual assets (crypto assets), and the management of such assets, and will provide recommendations to the board of directors.Jingji Financial International stated that incorporating cryptocurrency investments into the group's asset allocation and green energy-oriented investment strategy in green energy and artificial intelligence will enhance the overall financial condition of the group.

ChainCatcher news, Jingji Financial International (01468) announced that the company's board of directors has established an investment committee, effective from December 15, 2024. The establishment of the investment committee aims to improve operational efficiency and strengthen investment decision-making and risk management processes, especially considering the group's strategic focus on cryptocurrencies and related technologies.The investment committee will be responsible for reviewing appropriate transactions and investment strategies involving virtual assets (crypto assets) and managing such assets, providing recommendations to the board of directors. In addition, the investment committee will evaluate, approve, and make recommendations on various investment opportunities proposed by the group's management team.Jingji Financial International stated that incorporating cryptocurrency investments into the group's asset allocation and green energy-oriented investment strategy focused on green energy and artificial intelligence will enhance the group's overall financial position.

ChainCatcher news, according to SBS Biz, the Korea Digital Asset Protection Foundation has officially begun operations, responsible for receiving, safeguarding, and managing user deposits and virtual assets held by virtual asset companies that have ceased operations, and returning them to users. Customer deposits held by trading companies in some virtual currency markets will also be transferred to the protection foundation.The protection foundation stated today that it has transferred the assets of approximately 40,000 users from five defunct virtual asset exchanges: Apro Korea, Ten and Ten, Hanbitco, Qbit, Pay Protocol, and AG to the foundation.Since the establishment of the protection foundation on September 26, the foundation has held individual meetings with the defunct companies to verify the status of the assets to be transferred, ensured the actual possession certification of user assets under custody, and conducted necessary procedures such as asset reviews and test transfers to ensure the safe transfer and management of user assets.The protection foundation plans to complete negotiations regarding the transfer of user assets with up to eight defunct companies by the end of this year, with five companies being the first to transfer assets.

ChainCatcher news, according to Aastocks, the Hong Kong Stock Exchange stated that the Hong Kong ETP (Exchange-Traded Products, including ETFs and leveraged and inverse products) market will celebrate its 25th anniversary this November, covering 195 products, with a market capitalization reaching HKD 463 billion by the end of November. The Hong Kong ETF market has seen accelerated growth over the past five years, with an average daily trading volume compound annual growth rate of up to 30%, and the average daily trading volume for the first 11 months of this year reached HKD 18.7 billion.In April this year, Asia's first virtual asset spot ETFs were launched, followed by Asia's first Bitcoin inverse product in July. Currently, there are 10 virtual asset ETPs listed in Hong Kong, with a total market capitalization reaching HKD 5.5 billion by the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitalize and automate the physical subscription and redemption mechanism of ETFs through an online platform by 2025, aiming to enhance the overall efficiency of the ETP market and promote sustained growth in its secondary market activities.

ChainCatcher message, Tether announced that its USDT stablecoin has been approved by the Abu Dhabi Global Market ("ADGM") Financial Services Regulatory Authority ("FSRA") as an approved virtual asset ("AVA").This approval allows FSRA authorized and licensed entities to provide pre-approved services related to USDT.

ChainCatcher news, as the price of Bitcoin has historically broken the $100,000 mark for the first time, the global virtual asset market has welcomed a new development milestone. Meanwhile, HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, announced that its asset scale has surpassed $1 billion, equivalent to HKD 8 billion.Since November, the sentiment in the cryptocurrency market has been continuously warming, and HashKey Exchange's asset scale has also seen a steady increase. In the past 15 days, the platform has added over HKD 2.3 billion in asset scale, with a cumulative trading volume exceeding HKD 56 billion. Additionally, HashKey Exchange has established deep cooperation with more than ten brokerages and banks, including ZA Bank and Victory Securities, further consolidating its market-leading position.For a long time, HashKey Exchange has been continuously gaining the trust of users and institutions through a secure, compliant service system and a diversified product matrix. In the future, HashKey Exchange will deeply optimize its technology and services, actively expand the Hong Kong market, and inject more trust and vitality into the virtual asset market.

ChainCatcher news, according to South Korean media Pulse citing CryptoQuant data, in November 2024, the monthly total trading volume of stablecoins from South Korea's top five CEXs—Upbit, Bithumb, Coinone, Korbit, and GOPAX—was approximately 16.17 trillion won (1.15 billion USD).This figure includes the total trading volume of stablecoins such as Tether (USDT) and USDC issued by Circle, and it has increased sevenfold compared to the approximately 2 trillion won recorded at the beginning of the year. This also marks the first time that South Korea's monthly stablecoin trading volume has exceeded 10 trillion won.Additionally, as of Monday, the 24-hour trading volume of the domestic virtual asset market in South Korea was 23 trillion won, accounting for 9.05% of the global total of 262 trillion won. Analysts point out that the surge in stablecoin trading may be related to South Korean cryptocurrency investors transferring their assets overseas.

ChainCatcher news, according to official sources, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong financial group Adept Financial, has received in-principle approval from the Monetary Authority of Singapore (MAS) for its capital markets services license application. Once the license is officially approved, it will be able to provide clients with capital market product trading, product financing, custody services, and more.Adept Financial stated that in the future, it will actively expand its local business footprint to include virtual assets, corporate financing, and fund management, and will establish an office in Singapore.

ChainCatcher news, according to Yonhap News Agency, Kim Byoung-hwan, chairman of the Financial Services Commission (FSC) of South Korea, announced that the government will take strong measures to prevent virtual assets from becoming a "loophole" in the anti-money laundering system.At the 18th Anti-Money Laundering Day ceremony, Kim Byoung-hwan emphasized that cases of virtual assets being misused for illegal activities are not uncommon.He also added that future amendments to the Foreign Exchange Transaction Act will require virtual asset service providers participating in cross-border transactions to register in advance and report transaction details to ensure that virtual assets are not used for illegal fund transfers or tax evasion.

ChainCatcher news, according to Hong Kong Wen Wei Po, DBS Hong Kong announced that all DBS Treasures and DBS Private Banking (PB TPC) clients can start trading cryptocurrency ETFs on the DBS Digibank app from today. The bank also pointed out that the virtual asset knowledge client confirmation has officially launched.The minimum requirement for a DBS Treasures client account is a deposit of HKD 1 million, while the minimum requirement for a DBS Private Banking client account is a deposit of HKD 8 million.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately HKD 104 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 81.42 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 8.4 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 4.49 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 1.14 million;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 4.02 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 4.16 million.