Blockchain/Bitcoin
South Korea to Test Digital Won with 100,000 Citizens in CBDC Pilot Next Year
South Korea is preparing to launch a pilot programme for a central bank digital currency (CBDC) involving 100,000 citizens, as reported by The Korea Times. This initiative, planned for the fourth quarter of next year, is a collaborative effort between
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SBI Holdings and Circle to Advance USDC Stablecoin, Web 3.0 Adoption in Japan
Tokyo-based financial institution SBI Holdings has entered into a strategic partnership with Circle Internet Financial, a global fintech firm and sole issuer of USD Coin (USDC). The collaboration, formalised through a Memorandum of Understanding (MOU), aims to facilitate the circulation
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OKX Hong Kong Applies for Crypto Trading License with SFC Amid Industry Scrutiny
Cryptocurrency exchange OKX Hong Kong Limited has submitted an application for a virtual asset trading platform (VATP) license with the Securities and Futures Commission (SFC) of Hong Kong. The SFC had previously announced that it will publish the names of
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Key Takeaways from HKMA’s Investment Summit on Digital Trends
The Hong Kong Monetary Authority (HKMA), the Global Financial Leaders’ Investment Summit organiser, brought together some of the most prominent figures in the finance industry to discuss the transformative impact of technology and innovation. The panel, consisting of Rob Kapito,
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Can Real-World Asset Tokenisation Revolutionise Traditional Industries?
Tokenisation has captured the attention of global regulators and entrepreneurs, emerging as a pivotal subject with the power to fundamentally alter how real-world assets (RWA) are recognized and exchanged. A deep dive into this topic titled ‘Real-world Asset Tokenisation and
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CBDC: Hong Kong Furthers Digital HKD Ambitions
Hong Kong is working towards further integrating the digital yuan (e-CNY), unveiling last week a number of new initiatives designed to increase support of the central bank digital currency (CBDC) in the city. At the same time, the government is
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BGX to Acquire 30% Stake in OSL’s BC Group with HK$710 Million Investment
BC Technology Group, the parent company of digital asset platform OSL licensed by Hong Kong’s Securities and Futures Commission, has secured an investment of approximately HK$710 million from BGX. The deal, which hinges on the approval of BC Group’s shareholders,
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Hong Kong’s Crypto Custodian Hex Trust Greenlit for Full License in Dubai
Hex Trust, Hong Kong’s institutional-grade digital asset custodian, has obtained a Virtual Asset Service Provider (VASP) license from the Dubai regulator VARA. Following its minimum viable product (MVP) operational license granted in February 2023, Hex Trust can now offer virtual
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Banking Circle and Ant Group Embark on a Liquidity Management Project
Luxembourg-based financial services company Banking Circle has tied up with fintech giant Ant Group to embark on a liquidity management project. The partnership aims to explore innovations related to tokenised deposits, with a focus on enhancing the efficiency and speed
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Broadridge Simplifies Shareholder Disclosure Compliance for Hong Kong
Broadridge Financial Solutions has expanded its Shareholder Disclosure solution to meet the specific regulatory requirements in Hong Kong, Australia, and the UK markets. The solution is now operating live in all three markets. The solution leverages next-gen blockchain technology and
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