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Hong Kong to align crypto OTC derivative rules with European standards
27.9.2024
Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA's standards, including the use of Digital Token Identifiers
Hong Kong’s Crypto Securities Activities Revenue Was $77M Yuan in Q1 2024
26.9.2024
Hong Kong‘s crypto activity in the securities industry has generated a revenue of $77 Million Yuan in the…
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
26.9.2024
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation...
Sygnum Secures Liechtenstein License to Expand Crypto Services in EU
24.9.2024
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia...
Hong Kong’s e-HKD project expands into tokenization, programmability
23.9.2024
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective
Hong Kong’s e-HKD project expands into tokenization, programmability
23.9.2024
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective
Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
23.9.2024
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins
Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
23.9.2024
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins
South Korea, Hong Kong Lead Crypto Market Growth in East Asia
19.9.2024
East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major...
After Fed Cut Rates by 50 Bps, Hong Kong Cut Rates by 0.5% to 5.25%
19.9.2024
After US Federal Reserve announces Fed cut rates by 50 bps, Hong Kong’s Monetary Authority cut base interest…
Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu
18.9.2024
Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the "market’s status, amongst other" aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday
Animoca Brand’s Yat Siu: Hong Kong Strong Contender for IPO
18.9.2024
Animoca Brand’s Chairman Yat Siu, believes that Hong Kong is a “strong contender” for a possible IPO of…
Hong Kong prepares AI guidelines for finance sector
17.9.2024
Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week
Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth?
14.9.2024
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry
Hong Kong should try to speed up crypto regulation: First Digital CEO
14.9.2024
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins
Hong Kong SFC Seeks Industry Feedback on New Licensing Rules for OTC Crypto Services
13.9.2024
Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive framework that mandates licensing and adherence...
FBI Warns of Growing $55 Billion Business Email Scam
13.9.2024
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong...
Hong Kong considers new licensing regime for OTC crypto trading
13.9.2024
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
11.9.2024
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been...
Hong Kong accepts crypto license application past deadline
31.8.2024
Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27