Normal view
Pakistani Il-78s spotted in China during arms transfers
China launches corruption probe into top military commanders
China delivers Type 59 towed guns to mystery buyer
TikTok deal is done; Trump wants praise while users fear MAGA tweaks
The TikTok deal is done, and Donald Trump is claiming a win, although it remains unclear if the joint venture he arranged with ByteDance and the Chinese government actually resolves Congress' national security concerns.
In a press release Thursday, TikTok announced the "TikTok USDS Joint Venture LLC," an entity established to keep TikTok operating in the US.
Giving Americans majority ownership, ByteDance retains 19.9 percent of the joint venture, the release said, which has been valued at $14 billion. Three managing investorsβSilver Lake, Oracle, and MGXβeach hold 15 percent, while other investors, including Dell Technologies CEO Michael Dell's investment firm, Dell Family Office, hold smaller, undisclosed stakes.


Β© Cheng Xin / Contributor | Getty Images News
Taiwan expert urges Ukraine to apologize over China arms transfers
What Happens When a Chinese Battery Factory Comes to Town
China Lagging in AI Is a 'Fairy Tale,' Mistral CEO Says
Read more of this story at Slashdot.
VoidLink Malware Puts Cloud Systems on High Alert With Custom Built Attacks
-
SecurityWeek
- EU Plans Phase Out of High Risk Telecom Suppliers, in Proposals Seen as Targeting China
EU Plans Phase Out of High Risk Telecom Suppliers, in Proposals Seen as Targeting China
Under the new rules, measures for 5G cybersecurity would become mandatory.
The post EU Plans Phase Out of High Risk Telecom Suppliers, in Proposals Seen as Targeting China appeared first on SecurityWeek.
Japan confirms sharp rise in airspace interceptions
Crypto firms in Hong Kong face risks as new licensing rules advance
- A hard-start approach may force compliant firms to stop operations.
- The HKSFPA urges a 6β12 month grace period for applicants.
- The association also raised concerns over the CARF framework.
Hong Kongβs plan to tighten oversight of digital asset firms has raised concerns that crypto managers could be forced to suspend operations.
The warning comes from the Hong Kong Securities & Futures Professionals Association (HKSFPA), which has flagged risks associated with the potential implementation of new licensing requirements without a transition period.
The government is currently consulting on extending the cityβs regulatory reach across virtual asset dealing, advisory and fund management services.
These proposals aim to close gaps in oversight but could leave active firms in limbo if licences are required from day one.
Concerns over hard launch timing
The HKSFPAβs main concern is that a βhard startβ would require all market players to hold a valid licence before the new framework officially begins.
Without any grace period, this could mean that businesses awaiting approval would have to stop offering regulated services, even if theyβve submitted their applications.
This would impact firms that are already operating legally under the current rules but have not yet received a licence under the new system.
The concern is that licensing reviews could take time, especially given the complexity involved, which could create regulatory bottlenecks and disrupt the sector.
Group pushes for grace period
In a formal submission, the HKSFPA has asked for a six to twelve-month deeming period for businesses that apply ahead of the new regimeβs start date.
The group believes this would allow operations to continue while the Securities and Futures Commission (SFC) processes applications.
Without such a buffer, even firms with strong compliance practices could face forced shutdowns due to administrative delays.
The application process itself is not quick, and the risk of backlogs is significant, especially as more companies prepare to enter a newly regulated environment.
Expanded oversight still under review
The proposed rules are still in the consultation phase and do not yet have a confirmed start date.
If implemented, they would mark a shift in how virtual asset services are governed in Hong Kong, moving beyond trading platforms to include advisory and fund management services.
The industry body supports Hong Kongβs aim of strengthening regulatory standards for digital assets.
However, it warns that if timelines are too rigid, it could discourage institutional involvement and slow down the adoption of compliant crypto infrastructure.
Second warning highlights implementation risk
In a separate consultation submission made this week, the HKSFPA also expressed concerns about the upcoming Crypto Asset Reporting Framework (CARF) being introduced in line with the OECDβs recommendations.
While the group supports the policy direction, it again warned that inflexible execution could lead to unintended exposure to operational and legal risks.
Taken together, the two submissions reflect a broader message from the industry: while regulation is welcomed, execution must avoid creating hurdles that push firms out of the market.
The post Crypto firms in Hong Kong face risks as new licensing rules advance appeared first on CoinJournal.

China Birth Rate Falls To Lowest Since 1949
Read more of this story at Slashdot.
Huawei Retains Chinaβs Top Smartphone Market Spot in 2025
Apple also did well as it led the fourth quarter with a 22% share, according to Counterpoint Researchβs Market Monitor Tracker.
The post Huawei Retains Chinaβs Top Smartphone Market Spot in 2025 appeared first on TechRepublic.
Russian forces use Chinese-made laser to counter drones
China Consumed 10.4 Trillion Kilowatt-Hours of Electricity In 2025 - Double the US
Read more of this story at Slashdot.
Huawei Retains Chinaβs Top Smartphone Market Spot in 2025
Apple also did well as it led the fourth quarter with a 22% share, according to Counterpoint Researchβs Market Monitor Tracker.
The post Huawei Retains Chinaβs Top Smartphone Market Spot in 2025 appeared first on TechRepublic.