Crypto data provider Kaiko to move Asian headquarters to Hong Kong from Singapore

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

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Fast facts Soubiran told Bloomberg that recent changes and initiatives by Hong Kong regulators in favor of digital assets will attract hedge funds and asset managers as well as more capital to the city. months, according to the report. Kaiko provides businesses with cryptocurrency market data from over a hundred centralized and decentralized exchanges, according to its website. services to submit proposals. Last month, the Securities Futures Commission, or SFC, released draft rules for virtual asset trading platforms, including a requirement for crypto exchanges to apply for licenses that would allow retail investors to trade some large-cap tokens. The new licensing regime for crypto exchanges in Hong Kong is scheduled for June 1. I think the overall message [from regulators] is, yes, we recognize that crypto 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 based in Malaysia Hong Kong Digital Stock Exchange Fusang, told Forkast in a video interview last Thursday. The special administrative region is also considering introducing a compulsory licensing regime for stablecoin issuers as early as this year, the Hong Kong Monetary Authority announced in January. as Huobi Global and Gate.io said they are applying for new crypto licenses in Hong Kong.

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