Image: Kaiko, Envato Elements

Paris-based cryptocurrency market knowledge supplier Kaiko will transfer its Asian headquarters to Hong Kong from Singapore because it sees rising alternatives amid the town’s latest regulation adjustments towards digital belongings, its chief government officer Ambre Soubiran informed Bloomberg in a March 16 interview.

See associated article: Signum Digital says it won first approval to offer security tokens in Hong Kong

Fast details

• Soubiran told Bloomberg that the latest adjustments and initiatives from Hong Kong regulators towards digital belongings will draw hedge funds and asset managers in addition to extra capital to the town. 
• Kaiko’s head of Asia-Pacific Sean Lawrence will relocate from Singapore on the finish of this month, the report mentioned. Kaiko supplies companies with cryptocurrency market knowledge from greater than 100 centralized and decentralized exchanges, based on its web site.
• Hong Kong has been proposing new initiatives for the town’s cryptocurrency and digital asset sector since final yr, when it invited companies occupied with offering securitized token providers to pitch proposals. 
• Last month, the Securities Futures Commission, or SFC, printed draft guidelines for digital asset buying and selling platforms, together with the requirement for crypto exchanges to use for licenses that may permit retail buyers to commerce sure large-capitalization tokens. The new licensing regime for crypto exchanges in Hong Kong is due on June 1. 
• “I think the overarching message [from regulators] is, yes, we recognize that crypto and digital assets are here to stay, but we want to make sure that we regulate it in exactly the same way as traditional finance and traditional financial institutions,” Henry Chong, CEO of Malaysia and Hong Kong-based digital securities alternate Fusang, informed Forkast in a video interview final Thursday.
• The particular administrative area can also be trying to introduce a compulsory licensing regime for stablecoin issuers as early as this yr, the Hong Kong Monetary Authority announced in January.
• Other international crypto gamers corresponding to Huobi Global and Gate.io have mentioned they’re making use of for brand spanking new crypto licenses in Hong Kong.

See associated article: Hong Kong begins public consultation on crypto licensing regime