Hong Kong launches CARF crypto tax consultation to combat evasion

Singapore has emerged as the leading country in cryptocurrency adoption, surpassing the United States according to Bybit’s World Crypto Rankings. This shift highlights the growing prominence of Asia-Pacific markets, particularly with the rise of real-world assets (RWA), local stablecoins, and crypto payroll systems.

HashKey has initiated its initial public offering (IPO) in Hong Kong, aiming to raise $215 million. This move comes as the company faces a significant cash burn rate, highlighting the urgency of securing funds to sustain its operations in the competitive cryptocurrency market.

HashKey has opened its initial public offering (IPO) subscription in Hong Kong, aiming to raise approximately $214.7 million, which would value the exchange at around $2.5 billion. This move marks a significant step for HashKey as it seeks to solidify its position in the rapidly evolving cryptocurrency market.

HashKey has filed for an initial public offering (IPO) in Hong Kong, aiming to raise $215 million. This move is seen as a significant step towards enhancing Hong Kong's status as a digital asset hub, potentially attracting more cryptocurrency firms to the region.

HashKey has launched its initial public offering (IPO) in Hong Kong, aiming to raise up to $215 million with support from financial giants UBS and Fidelity. This move marks a significant step in the city’s efforts to establish itself as a hub for cryptocurrency trading and investment.