Blockchain/Bitcoin
HKMA’s Project Ensemble to Propel Tokenisation Market with wCBDC Initiative
The Hong Kong Monetary Authority (HKMA) has announced the initiation of Project Ensemble, a new venture aimed at supporting the development of the tokenisation market in Hong Kong via the introduction of a wholesale central bank digital currency (wCBDC). This
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Hong Kong’s Unlicensed Crypto Exchange Platforms Must Cease Operations by May 31
The Securities and Futures Commission (SFC) reiterates its regulatory stance regarding virtual asset trading platforms (VATPs) or more commonly known as crypto exchanges operating in Hong Kong. As of 1 June 2024, VATPs that do not submit licence applications to
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24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List
Today, 29 February, is the deadline for applicants vying for virtual assets trading platform licenses in Hong Kong. Those who fail to secure a crypto exchange license in Hong Kong by this critical date face the daunting prospect of halting
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Justin Sun’s HTX Withdraws Crypto License Application in Hong Kong
HTX, formerly Huobi Global, has officially withdrawn its application for a license to operate in the Hong Kong cryptocurrency market. The Securities and Futures Commission (SFC) confirmed that HBGL Hong Kong Limited, associated with HTX, retracted its application only three
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HKMA Sets Guidance for Digital Asset Custodial Services by Authorised Institutions
The Hong Kong Monetary Authority (HKMA) has issued new guidance for Authorised Institutions engaged in digital asset-related activities, mainly focusing on providing custodial services for digital assets. This initiative aims to ensure that digital assets held in custody are protected
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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum
UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation
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S. Korea Tightens Grip on Crypto Firms as Renewal of Regulatory Approvals Loom
The Korea Financial Intelligence Unit (KoFIU) announced plans to ramp up the scrutiny of cryptocurrency exchanges operating within the country. Starting this year, exchanges that do not meet stringent regulatory standards will face expulsion from the market, according to The
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Hex Trust Expands Advisory Board with Two New Members
Hex Trust, an institutional-grade digital asset custodian with licenses in major global financial centers, has recently expanded its advisory board with the addition of Dr. Dimitrios Kavvathas and Marty Jetton. Their appointments are expected to enhance the company’s strategic direction
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RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration
RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial payment company Allinpay International. This partnership is focused on exploring the integration of stablecoins into payment services, aiming to enhance
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Hong Kong Sets 29 February Licensing Deadline for VASPs
The Secretary for Financial Services and the Treasury, Christopher Hui, emphasised in a recent blog post the crucial deadline for unlicensed Virtual Asset Service Providers (VASPs) in Hong Kong to submit their licensing applications by 29 February. Hong Kong’s risk-based
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