Loading...
Loading...
Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: SurveyHong Kong has allowed retail crypto trading since June.
Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region.
That’s according to an Oct. 11 reportby the Investor and Financial Education Council (IFEC) of Hong Kong. In its survey, the IFEC noted that nearly 25% of Hong Kong adults ages 18–29 have invested in crypto within the past year, three times the demographic average and a significant increase over 2019, where just 3% of respondents in the said demographic reported investing in crypto.
Despite the improvement in adoption, most Hong Kongers said that their top investment preferences were stocks (96%), mutual funds and trusts (24%), followed by bonds (18%). Around three-quarters of overall respondents said the primary goal of investing in crypto was “short-term profits,” alongside “fear of missing out.” The survey featured 1,000 respondents between the ages of 18 and 69.
“Investors should understand the product characteristics and related risks before investing, in order to align their choices with their financial goals and risk tolerance level,” said IFEC general manager Dora Li in response to the results. Meanwhile, Eric Chui, head of the department of applied social sciences at PolyU, commented, “Virtual asset investors should think more deliberately and rationally. They should also build up their financial literacy and collect high-quality market informationto avoid the irrational investment behaviour and biases.”
Beginning in June, Hong Kong legalized retail crypto trading for licensed exchanges, to mixed results. During this time, the largest Ponzi scheme in Hong Kong history, the $166-million JPEX crypto exchange scandal, unraveled in the Special Administrative Region of China.
Magazine: 3AC fugitives in disarray as OPNX faces new peril
Crypto Exchanges Adapt: Coinbase, Revolut, and Binance Update Apps for UK Regulations – Here's the LatestCrypto Exchanges Adapt: Coinbase, Revolut, and Binance Update Apps for UK Regulations – Here's the Latest
Source: AdobeStock / Mary
Leading crypto exchanges Coinbase, Revolut, and Binancehave updated their mobile and web applications to comply with the new regulations from the United Kingdom Financial Conduct Authority (FCA).
Coinbase and Revolut informed their customers via email about the changes, which included the addition of "risk disclaimers" for crypto transactions. Users were also requested to update their mobile applications accordingly.
Binance, on the other hand, launched a dedicated webpagespecifically for its UK customers.
The exchange temporarily halted operations through its mobile app but later resumed, assuring its British users of compliance with the new regulations.
Komainu, a digital asset custody firm in the UK backed by Nomura, CoinShares, and Ledger, obtained a license to operate in the region on October 6.
Komainu provides custodial services to exchanges, financial institutions, and asset managers.
However, some other exchanges, such as ByBit and Luno, have decided to suspend operationsin light of the new regulations.
PayPalhas also temporarily paused crypto purchases for its British users as it works on making its app compliant with the updated regulations.
FCA Issues Alerts to 146 Crypto Firms in Region
Just recently, the FCA issued alertsto 146 crypto firms operating in the UK, cautioning that they are not authorized or registered by the regulatory authority.
"We expect businesses including social media platforms, app stores, search engines, domain name registrars and payments firms to consider the alerts we have issued and play their part in protecting UK consumers from illegal promotions," the agency said.
The new FCA rules, implemented earlier this year, require crypto firms to register with the financial regulator and have their marketing materials approved by an FCA-authorized firm.
Key updates include exchanges providing clear warnings to customers about the risks associated with crypto investments.
Marketing materials must be fair, transparent, and not misleading. Additionally, a 24-hour cooling-off period for new customers is required.
While the FCA extended the deadline for implementing technically challenging features like the cooling-off period until January 2024, firms are expected to adhere to the "core rules" from October 8.
The FCA has warned that failure to comply can result in criminal charges, including unlimited fines and up to two years' imprisonment, for domestic and overseas exchanges operating in the UK.
The UK has been among the countries that have ramped up regulatory efforts following some high-profile bankruptcies last year.
Earlier this year, the country officially passed legislationto regulate cryptocurrencies and stablecoins as part of its broader financial regulatory reforms post-Brexit.
The law, dubbed the Financial Services and Marketsbill, will grant regulators the authority to establish a tailored framework for the digital asset sector, supporting crypto’s "safe adoption in the UK."Palantir CEO 呼吁为 AI 监管制定合理准则Techub News 消息，Palantir 首席执行官 Alex Karp 在接受 CNBC 采访时表示，在科技和政策领导者审议人工智能技术之际，需要为 AI 监管制定“合理的准则”。（CNBC）印度成为全球最大期权交易市场Techub News 消息，印度已发展成为全球最大的期权交易市场。这一增长突显了零售驱动的市场波动性，以及监管对维持稳定的关键作用。分析认为，快速扩张的印度衍生品市场已超越美国与欧洲。 （Crypto Briefing）Joe Lonsdale 呼吁对 AI 公司实施严格责任而非监管Techub News 消息，风险投资家 Joe Lonsdale 在 X 平台发文表示，AI 公司应对其造成的任何损害承担极高的责任，而不应引入监管机构，因为后者容易被“俘获”。他认为，正确的立场应是反对监管，但支持通过严格的责任制度来追究公司责任。
（@DavidSacks）Hugging Face CEO 称现有网络安全法或足以监管 AITechub News 消息，Hugging Face 首席执行官表示，现有网络安全法律可能已足够用于人工智能监管，重点应放在执法和透明度上，而非制定新法规。这一观点强调问责制和主动安全措施，可能重塑 AI 行业规范。
（Crypto Briefing）美国防部首席技术官反对政府入股AI公司并警告监管风险Techub News 消息，美国国防部首席技术官公开反对政府入股人工智能公司，并警告过度监管可能阻碍创新。其立场被认为可能加速AI创新，但也存在固化巨头优势、抑制新进入者与多样性的风险。
（Crypto Briefing）联合国秘书长警告AI风险，与特朗普淡化言论形成对比Techub News 消息，联合国秘书长古特雷斯近日警告人工智能（AI）发展带来的风险，强调全球需就监管达成共识以平衡创新与安全。此前美国前总统特朗普曾公开淡化AI风险，两者表态形成鲜明对比。
古特雷斯指出，AI风险认知的分歧凸显了建立全球监管框架的紧迫性，需确保技术进步不以牺牲安全为代价。（Crypto Briefing）Altimeter Capital 创始人 Brad Gerstner 批评 AI 负面叙事受政治议程驱动Techub News 消息，Altimeter Capital 创始人 Brad Gerstner 批评当前围绕人工智能（AI）的负面叙事，暗示其背后可能受到地缘政治动机的影响。他指出，这种批评在 AI 创新与监管之间制造了紧张关系。
（Crypto Briefing）纽约市议会邀请 OpenAI 与 Anthropic 高管出席 AI 安全听证会Techub News 消息，纽约市议会已邀请 OpenAI CEO Sam Altman 与 Anthropic 联合创始人 Dario Amodei 出席一场关于人工智能安全的听证会。此次听证会可能为地方科技监管树立先例，并影响更广泛的 AI 监督与问责立法趋势。
（Crypto Briefing）CoinShares：美国151项数据中心限令生效，AI开发者面临数年等待Techub News 消息，CoinShares 在二季度挖矿报告中指出，美国仍有151项数据中心限制措施生效，AI开发者接入新电力需等待数年。报告称，限制措施覆盖30个州，纽约州7月14日起暂停50兆瓦及以上设施的环境许可，缅因州4月已全面禁止新数据中心建设。
报告显示，美国互联队列积压约2600吉瓦，约为现有装机容量的两倍。2025年完工的项目从申请到运营的中位等待时间超过五年，PJM电网区域项目平均耗时超七年。
报告指出，已通电的比特币矿场正转变为稀缺的许可电力资产，矿场改造为AI级设施的成本估计为每兆瓦800万至1500万美元。（BeInCrypto）Ripple CEO 指责民主党政治导致 CLARITY 法案失败，承诺发布事后分析Techub News 消息，Ripple CEO Brad Garlinghouse 对美国参议院未能就 CLARITY 法案启动终止辩论程序（cloture）作出回应，他将此次挫折归咎于民主党。他承诺将在未来几天发布对该事件的事后分析，并对美国的加密货币监管前景表示乐观。
（CoinGape）Hong Kong has allowed retail crypto trading since June. Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region. That’s according to an Oct. 11 reportby the Investor and Financial Education Council (IFEC) of Hong Kong. In its survey, the IFEC noted that nearly 25% of Hong Kong adults ages 18–29 have invested in crypto within the past year, three times the demographic average and a significant increase over 2019, where just 3% of respondents in the said demographic reported investing in crypto. Despite the improvement in adoption, most Hong Kongers said that their top investment preferences were stocks (96%), mutual funds and trusts (24%), followed by bonds (18%). Around three-quarters of overall respondents said the primary goal of investing in crypto was “short-term profits,” alongside “fear of missing out.” The survey featured 1,000 respondents between the ages of 18 and 69. “Investors should understand the product characteristics and related risks before investing, in order to align their choices with their financial goals and risk tolerance level,” said IFEC general manager Dora Li in response to the results. Meanwhile, Eric Chui, head of the department of applied social sciences at PolyU, commented, “Virtual asset investors should think more deliberately and rationally. They should also build up their financial literacy and collect high-quality market informationto avoid the irrational investment behaviour and biases.” Beginning in June, Hong Kong legalized retail crypto trading for licensed exchanges, to mixed results. During this time, the largest Ponzi scheme in Hong Kong history, the $166-million JPEX crypto exchange scandal, unraveled in the Special Administrative Region of China. Magazine: 3AC fugitives in disarray as OPNX faces new peril
