Tag "Hong Kong Monetary Authority (HKMA)"
HKMA Kicks off Green Fintech Competition
The Hong Kong Monetary Authority (HKMA) has announced the Green Fintech Competition. The competition is open to green fintech firms in Hong Kong and around the world. Their solutions should be relevant to any of these four themes; net-zero transition or
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Beware of Crypto Firms Using the Word ‘Bank’, HKMA Cautions
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public to be wary of crypto firms that describe themselves as “banks” or offer “deposits.” The central bank found that some crypto firms are using terms such as
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HKMA’s Eddie Yue Appointed to Key Role at BIS
The Hong Kong Monetary Authority’s (HKMA) Chief Executive Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies (EMEs) for a three-year term, effective 1 September. Yue stepped into the role following the retirement of
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BIS, Hong Kong and Israel Release Report on Secure Retail CBDCs
The Hong Kong and Israel central banks along with the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre have published a report on building a more secure and accessible retail central bank digital currency (CBDC) ecosystem. Dubbed as
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Hong Kong Launches Anti-Scam Charter to Safeguard Consumers’ Credit Card Info
The Hong Kong Monetary Authority (HKMA) and Hong Kong Association of Banks (HKAB) has launched the Anti-Scam Consumer Protection Charter to enhance public awareness of safeguarding credit card and personal information. Led by the HKMA and the HKAB, all 23
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HKMA Picks 16 Firms for Retail CBDC Pilot Programme ‘e-HKD’
The Hong Kong Monetary Authority (HKMA) has commenced its e-HKD Pilot Programme with a total of 16 firms selected from the financial, payment and technology sectors whom will participate in the first phase this year. The firms include Alipay HK,
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Hong Kong Urges FSI to Support Crypto Firms With ‘Basic Banking Services’
The Hong Kong Monetary Authority (HKMA) has urged the banking sector to provide services to licensed virtual-asset firms as part of the city’s ambition to become a leading crypto hub. Last week, the Hong Kong financial regulator issued a circular
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RD Wallet Scores SVF License From Hong Kong Regulator
RD Wallet Technologies, a Hong Kong-based e-wallet operator offering payment services to corporates, announced that it has been granted the Stored Value Facility (SVF) license by the Hong Kong Monetary Authority (HKMA). The company was set up by Norman Chan,
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Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub
Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as a global hub for digital assets. As the global landscape of digital assets evolves, Hong Kong is taking steps to
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ZA International to Tokenise Its Loyalty Programme
Digital insurer ZA International has unveiled plans to tokenise its ZA Coin loyalty programme to create more applications for the coin within the platform’s ecosystem. ZA Coin has 380,000 users at present, with a total redemption amount of close to
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