🇩🇿 NEW: Algeria enacts comprehensive cryptocurrency ban, prohibiting the buying, selling, trading, holding, and mining of Bitcoin and all virtual assets.It also bans crypto exchanges and using digital assets as payment or investment instruments. https://t.co/cgFTLmWRRk ...

On July 29, the Bank of Korea announced an organizational restructuring, officially establishing a“Virtual Asset Team”and renaming the“Digital Currency Research Office”to the“Digital Currency Office”to strengthen regulatory oversight and policy response capabilities for the Korean won stablecoin and other virtual asset markets. https://t.co/niK3KYFv8L ...

Summary of Futu Holdings Conference Call Company Overview - **Company**: Futu Holdings - **Industry**: Banks & Financial Services Key Points and Arguments 1. **Taxation Clarity**: Recent reports indicate that the taxation of Chinese households' overseas investment income is more favorable than initially expected. Local tax authorities confirmed that gains and losses from overseas stock trading can be offset within the same tax year, and the tax rate is set at 20% [4][5][6] 2. **Impact on Futu**: The favorable tax treatment is seen as a positive development for Futu, especially since approximately 20% of paying clients and around 30% of client AUM are onshore clients. This alleviates concerns regarding the potential negative impact of the new tax regulations on Futu's business [4][5][6] 3. **Investment Thesis**: Futu is positioned as a leading technology-empowered platform providing digitized brokerage and wealth management products. The company is expected to grow its number of paying clients by penetrating existing users and expanding into new markets such as Japan and Malaysia. The fast expansion into wealth management and the launch of a crypto business are anticipated to drive future growth [5][6][8] 4. **Valuation**: The price target for Futu is set at $185.00, based on a PEG valuation methodology, which implies a 21x P/E for 2026 estimates and a projected EPS CAGR of 19% from 2025 to 2028 [6] 5. **Risks**: Downside risks include weakness in China tech stocks, regulatory risks related to compliance with data security laws, and declining Hibor affecting interest income. Upside risks include higher-than-expected growth in paying clients, stronger trading volume growth, and improved operating efficiency [7][8] Additional Important Information - **Market Position**: Futu is viewed as a key beneficiary of Hong Kong's virtual asset initiatives, which may enhance its competitive position in the market [4] - **Client Growth**: The structural driver for Futu's growth is the increase in the number of paying clients, which is expected to be supported by the company's expansion strategies [5] - **Analyst Ratings**: J.P. Morgan maintains an "Overweight" rating on Futu, indicating a positive outlook for the stock [5][6] This summary encapsulates the essential insights from the conference call regarding Futu Holdings, highlighting its favorable tax situation, growth strategies, valuation, and associated risks.

The Central Bank of Ghana, Africa's eighth largest country, plans to submit a draft regulatory framework for crypto platforms to parliament by September, intending to issue licenses to virtual asset platforms. About 3 million Ghanaian adults (17% of the adult population) use virtual currencies. https://t.co/MrUaXpJNj0 ...

🇵🇰 JUST IN: Pakistan has set up the Pakistan Virtual Assets Regulatory Authority to regulate and oversee its crypto sector.The goal is to protect consumers and attract global investment. https://t.co/norQ0CcraU ...

TF International Securities is seeking regulatory approval to offer a wide range of virtual asset-linked services in Hong Kong and kick-start growth outside the traditional brokerage business, sources say https://t.co/advWBZj2Hm ...

券商估值的想象空间打开！ 今天早上，一则重磅消息传来： 6月24日，国泰海通集团下属公司国泰君安国际控股有限公司正式获香港证监 会批准，将现有证券交易牌照升级为可提供虚拟资产交易服务，以及在提供虚拟资产交易服务的基础上提供意 见。此次牌照升级后，客户将可在国泰君安国际平台直接交易加密货币（如比特币、以太币等）、稳定币（如 泰达币等）等虚拟资产。 受此影响，港股全线高开，恒生指数开盘涨0.62%，恒生科技指数涨0.9%。其中，国泰君安国际开盘大涨超 14%，盘中一度暴涨超100%，随后涨幅有所收窄，但涨幅仍超60%。 | 120 | | --- | | 1 | m国泰君安国际 目前，摩根大通也已推出JPM Coin（日均处理20亿美元支付），2025年升级为公链JPMD。存款代币化提升支 付效率，但当前局限在机构间（如JPM Coin），尚未大规模挑战稳定币。 | 分时 五日 | 日Ｋ | 周Ｋ 月Ｋ | 申务 | | --- | --- | --- | --- | | 均价:2.068 最新:2.050 0.810 65.32% | | | | | 2.500 | | 101.61% 卖10 | 2.140 ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q4 2024 Earnings Conference Call March 18, 2025 8:00 AM ET Company Participants Aaron Li - Head, IR Wu Tianhua - Chairman and CEO John Zeng - CFO Conference Call Participants Cindy Wang - China Renaissance Emma Xu - Bank of America Securities Hua Fan - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the UP Fintech Holding Limited Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-on ...