Cointime

Cointime

Download App
iOS & Android
Home / Projects

Accumulus submits application for virtual asset exchange license to Hong Kong Securities and Futures Commission

On December 7th, the Hong Kong Securities and Futures Commission (SFC) official website updated information on virtual asset exchange license applications. It was shown that "Accumulus GBA Technology (Hongkong) Co., Limited", also known as "云账户大湾区科技(香港)有限公司", had officially submitted a virtual asset exchange license application to the SFC on December 6th. The name of their virtual asset trading platform is "Accumulus".
As of now, a total of nine companies have formally submitted virtual asset trading platform license applications to the SFC, while one application from "AMMBR (HK) LIMITED" has been withdrawn.

Hong Kong
Comments

All Comments

Recommended for you

  • As of May 30, BlackRock IBIT held more than 289,000 bitcoins, 2,089.1 BTC more than Grayscale

    According to the updated IBIT data from BlackRock, as of May 30th, the number of Bitcoin holdings is 289,058.0189, with a market value of approximately $19,930,345,173.05. In addition, according to the updated GBTC data from Grayscale, as of May 30th, the number of Bitcoin holdings is 286,968.901, with a market value of approximately $19,696,139,217.19. Based on the data, as of May 30th, BlackRock's IBIT Bitcoin holdings have surpassed Grayscale's GBTC, with approximately 2,089.1179 more Bitcoin holdings.

  • Orderly Network co-founder: Platform transaction volume is about to exceed $44 billion

    Orderly Network co-founder Ran posted on X platform that Orderly Network's TVL has exceeded $37 million; the platform is the second largest user on the LayerZero network; transaction volume is about to exceed $44 billion; brokers have earned nearly $6 million. Previously, in the past 24 hours, Orderly accounted for 28% of the total message volume on LayerZero.

  • The delayed Notcoin payment incident caused a major turmoil in Bybit’s management

    Reports from Wu Shuo, Bybit has experienced a major upheaval in its management team following the delayed deposit incident with Notcoin. Multiple executives have "voluntarily resigned" and the company has publicly recruited new technical and spot managers. Bybit allowed the Notcoin project to airdrop tokens directly to user addresses instead of distributing them to a centralized exchange address for further distribution. This caused a delay in users receiving their tokens and prevented them from selling them immediately. The number of affected users reached 320,000 and Bybit claims to have provided $23 million in compensation.

  • The Bank of Japan released the "Central Bank Digital Currency Pilot Program Progress Report"

    The Bank of Japan has just released the "Central Bank Digital Currency Pilot Program Progress Report", in which blockchain is included as a new technology and as part of the infrastructure supporting currency.

  • Former Deutsche Bank exec sentenced to 41 months in prison for cryptocurrency fraud

    Former Deutsche Bank executive Rashawn Russell was sentenced to 41 months in prison on May 31st in the Eastern District Court of New York in Brooklyn, on charges of cryptocurrency fraud and attempted bank card fraud. He pleaded guilty to these charges last September. According to the US Department of Justice, Russell operated the fraudulent R3 Crypto Fund between November 2020 and August 2022, promising cryptocurrency investments and high returns, but actually using investor funds for personal consumption or to repay other investors. In addition, from September 2021 to June 2023, Russell used at least 43 identities to obtain 97 bank cards, with the intention of engaging in fraudulent transactions. In addition to imprisonment, he was also ordered to pay $1.5 million in compensation to the victims. Russell's case is just one of many cryptocurrency fraud cases in recent months.

  • NYSE President: Cryptocurrency trading will be considered if regulation is clear

    Lynn Martin, President of the New York Stock Exchange (NYSE), stated at the Consensus 2024 conference that NYSE would consider offering cryptocurrency trading services if the regulatory environment for cryptocurrency trading becomes clearer. She pointed out that the US-listed spot Bitcoin ETF has accumulated assets of $58 billion, indicating strong market demand for regulated cryptocurrency products.

  • Mt. Gox confirms multiple transactions today were intended to prepare repayments to creditors ahead of the October 31 deadline.

    On May 28th, according to a screenshot shared on X platform by Cointelegraph, Mt. Gox confirmed that multiple transactions conducted today were in preparation for repayment before the October 31st deadline for creditors.In the letter, Mt. Gox stated: "As per the rehabilitation plan, the rehabilitation trustee is preparing to make repayments to the rehabilitation creditors in the form of cryptocurrency. This repayment method means that rehabilitation creditors can choose to (i) receive bitcoin and bitcoin cash (BCH) on behalf of the rehabilitation creditors through specified cryptocurrency exchanges, or (ii) make repayments through the proceeds from the sale of bitcoin and BCH. Recently, the rehabilitation trustee has received inquiries/deep concerns regarding the management of bitcoin and BCH. However, at present, the rehabilitation trustee has neither made repayments through the specified cryptocurrency exchanges mentioned in (i) above nor sold bitcoin and BCH to make repayments as mentioned in (ii) above. The rehabilitation trustee is currently managing bitcoin and BCH in a secure manner. Please wait for a while until repayments are made as the rehabilitation trustee is preparing for the above repayments."

  • Nomura Securities Subsidiary Laser Digital Plans to Issue Japanese Stablecoin

    Nomura Securities announced its cooperation with its digital asset subsidiary, Laser Digital, and the parent company of stablecoin issuer GMO-Z, GMO Internet. The two parties plan to jointly explore the issuance of US dollar and Japanese yen stablecoins in Japan, and provide stablecoin-as-a-service solutions in the Japanese market. It is reported that GMO-Z has a New York State (NYDFS) trust license, and its stablecoins GYEN and ZUSD can be used on Ethereum, Solana, and Stellar blockchains.

  • Cointime May 25 News Express

    1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office

  • VAEX’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 24

    Updated data on the website of the Hong Kong Securities and Futures Commission shows that VAEX's application for a virtual asset trading platform license, submitted to the Hong Kong Securities and Futures Commission, was withdrawn on May 24th.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company