Page 6 - Fintech Week News Today

Dubai International Financial Centre (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 per cent from 3,644 in 2021 to 4,377 in 2022.

The financial centre registered the highest number of new firms - totalling 1,084 - last year.

<ul>
<li>DIFC’s exceptional performance in 2022 demonstrates Dubai’s role as a major driver of innovation, entrepreneurship and next-generation technologies in the region’s financial sector</li>
<li>DIFC’s growth significantly contributes to the goal of the Dubai Economic Agenda D33 to transform Dubai into one of the world’s top three cities for business</li>
<li>Total number of activ...

The Hong Kong administration’s drive to promote virtual assets in the final quarter of 2022 appeared to be aggressive

With the peak of the Covid-19 pandemic hopefully receding ever-further into the rear view mirror, in-person gatherings are starting to resemble normality again. That includes the buzzing startup and b...

Conversations around new technologies like blockchain, cryptocurrencies, NFTs and the metaverse are starting to converge around Web3, the idea of a decentralised web.

A Hong Kong cryptocurrency exchange has become the latest casualty of FTX's collapse this month, leaving thousands of investors and clients in limbo and revealing the city's exposure to a market it has recently sought to better regulate. Atom Asset Exchange (AAX) has effectively shut down after it deleted its social media accounts and froze withdrawals this month, with the...

On October 31, at the launch of this year's FinTech Week in Hong Kong, the Financial Services and Treasury Bureau ("FSTB") issued a policy statement…

MiCA: future rules for financial services linked to crypto-assets and for the issuance of crypto-assets. Whilst some crypto-related activities are already regulated from an AML perspective...

Recent years have seen tightening political, cultural and economic control of China over Hong Kong with the national security law of 2020 sweeping the previous civil freedoms away.