Connect with us

Business

Hong Kong crypto exchange license applications cost less than expected

The process of obtaining a crypto exchange license in Hong Kong comes with a hefty price tag, as revealed by recent reports. Prospective applicants seeking to operate a crypto exchange in the region must be prepared to incur substantial expenses in the licensing process.

Published

on

The process of obtaining a crypto exchange license in Hong Kong comes with a hefty price tag, as revealed by recent reports. Prospective applicants seeking to operate a crypto exchange in the region must be prepared to incur substantial expenses in the licensing process.

The disclosed costs shed light on the financial commitments involved in establishing a regulated crypto exchange in Hong Kong, a jurisdiction known for its robust regulatory framework and favorable business environment. While the exact figures vary depending on factors such as business size and scope of operations, the disclosed costs provide valuable insights for entrepreneurs and businesses considering entry into the Hong Kong crypto market.

These revelations come amidst growing interest in regulatory compliance within the crypto industry, with stakeholders increasingly prioritizing adherence to regulatory standards and best practices. As Hong Kong continues to solidify its position as a leading hub for crypto innovation and investment, the transparency surrounding license application costs serves as a key consideration for prospective entrants into the market.

With regulatory clarity and transparency becoming increasingly important for crypto businesses worldwide, Hong Kong’s disclosure of license application costs sets a positive precedent for fostering trust and confidence in the regulatory process. As the crypto industry matures, clear and transparent regulations are essential for promoting growth, innovation, and investor protection.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk