Blockchain/Bitcoin

More Crypto Firms Exit HK’s Licensing Race as Deadline to Cease Operations Looms

An increasing number of crypto firms are withdrawing their license applications to be a virtual asset trading platform (VATP) in Hong Kong. Among them are Willows Asia Technology Company Limited (IBTCEX) and QuanX Lab Limited both withdrew their applications on 13

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Hong Kong Pilots World’s First Integration of Payment System with China’s Digital Yuan

Hong Kong residents can now set up digital yuan (e-CNY) personal wallets using only their Hong Kong mobile phone numbers. These wallets, which can be topped up via the FPS through 17 retail banks, are designed for cross-border payments but

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The Transformative Potential of Blockchain for the Hong Kong Financial Sector

Hong Kong, a global financial centre, is incorporating blockchain technology into its financial services industry. As an international financial hub, Hong Kong acknowledges the potential of blockchain to drive innovation, efficiency, and transparency in the sector. The Hong Kong Financial

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Justin Sun’s HTX Withdraws Second Crypto License Bid, To Shut in Hong Kong

HBGL Hong Kong Limited, the Hong Kong affiliate of cryptocurrency exchange HTX (formerly Huobi Global), has withdrawn its application for a virtual asset trading platform (VATP) licence for the second time, leading to the required closure of its Huobi HK

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Standard Chartered Leverages DLT for First Euro Cross-Border Transactions on Partior

Standard Chartered announced that it had completed the first Euro-denominated cross-border transactions between Hong Kong and Singapore. This milestone makes it the first Euro settlement bank to go live on Partior, the global unified ledger for clearing and settlement. This

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Standard Chartered, Mastercard, Mox, and Libeara Complete Tokenisation Proof-of-Concept Pilot

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has collaborated with Mox Bank, Mastercard, and Libeara to complete a proof-of-concept (POC) pilot under the Fintech Supervisory Sandbox of the Hong Kong Monetary Authority (HKMA). The pilot focused on the tokenisation of

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Harvest CEO Plans to Bridge Crypto ETFs to Mainland China via Stock Connect

During the recent Bitcoin Asia conference at the Kai Tak Cruise Terminal, Han Tongli, CEO and Chief Investment Officer of Harvest Global Investments, discussed potential future developments for cryptocurrency investments in China. Harvest CEO Han Tongli mentioned that the company

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Elon Musk Impersonated in Suspected Quantum AI Crypto Fraud

The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity known as “Quantum AI,” which claims to offer cryptocurrency trading services enhanced by artificial intelligence (AI) technology. The SFC has raised concerns that

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Why Hong Kong is Primed for a Crypto ETF Breakthrough

In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds (ETFs). As investors increasingly seek to diversify their portfolios and capitalise on emerging trends, Hong Kong ETFs have captured the financial world’s

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HKMA Initiates Project Ensemble Architecture Community to Boost Tokenisation Market

The Hong Kong Monetary Authority (HKMA) announced the creation of the Project Ensemble Architecture Community (the Community), a collaborative initiative to shape standards and provide suggestions to support the development of Hong Kong’s tokenisation market. The Community aims to develop

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