Crypto data provider Kaiko to move Asia HQ to Hong Kong from Singapore: Bloomberg

Paris-based cryptocurrency market data provider Kaiko will move its Asian headquarters to Hong Kong from Singapore as it sees growing opportunities amid the city's recent regulatory changes towards digital assets, it told Bloomberg. its chief executive, Ambre Soubiran, in an interview on March 16.

See related article: Signum Digital Says It Got First Approval to Offer Security Tokens in Hong Kong

Fast facts

  • soubirán told Bloomberg that recent changes and initiatives by Hong Kong regulators towards digital assets will attract hedge funds and asset managers, as well as more capital to the city.

  • Kaiko's head of Asia-Pacific, Sean Lawrence, will relocate from Singapore at the end of this month, according to the report. Kaiko provides businesses with cryptocurrency market data from over a hundred centralized and decentralized exchanges, according to its website.

  • Hong Kong has been proposing new initiatives for the city's cryptocurrency and digital asset sector since last year, when it invited companies interested in providing securitized token services to submit proposals.

  • Last month, the Securities Futures Commission, or SFC, released draft rules for virtual asset trading platforms, including requiring crypto exchanges to apply for licenses that would allow retail investors to trade certain crypto tokens. large cap. The new licensing regime for cryptocurrency exchanges in Hong Kong expires on June 1.

  • I think the overall message [from regulators] I mean, yes, we recognize that cryptocurrencies and digital assets are here to stay, but we want to make sure that we regulate them in exactly the same way as traditional finance and traditional financial institutions,” Henry Chong, CEO of Malaysia and Hong Kong. Fusang-based digital securities exchange, said Discard in a video interview last Thursday.

  • The special administrative region is also looking to introduce a compulsory licensing regime for stablecoin issuers starting this year, the Hong Kong Monetary Authority Announced in January.

  • Other global crypto players like global huobi and Gate.io have said they are applying for new crypto licenses in Hong Kong.

See related article: Hong Kong Launches Public Consultation On Cryptocurrency Licensing Regime

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