Blockchain/Bitcoin
Hong Kong Sets up Web 3.0 Task Force Led by Financial Secretary Paul Chan
The Hong Kong government has established a task force chaired by Financial Secretary Paul Chan to promote the development of Web3.0. According to a 30 June statement, the Hong Kong government is looking to “embrace the megatrend of Web 3.0
Read More
Project Dynamo Unveiling the Potential for CBDCs and Other Tokens
The financial industry is witnessing a wave of digital money and payment innovation driven by the public and private sectors. Central bank digital currencies (CBDCs), stablecoins, and deposit tokens are among the emerging digital assets that are transforming the global
Read More
HSBC Enables Hong Kong Customers to Trade Bitcoin, Ethereum ETFs
The Hongkong and Shanghai Banking Corporation (HSBC) has enabled its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, according to Chinese journalist Colin Wu in a series of tweets. SCOOP: HSBC, the largest
Read More
BOCI Issued First Tokenized Notes, Originated by UBS and Placed to Its Clients in Hong Kong
BOCI (Bank of China) has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients
Read More
Lawmaker Invites Coinbase to Set Up in Hong Kong Amidst U.S. Crackdown
Lawmaker Dr Johnny Ng has extended an invitation to all global virtual asset trading operators including the likes of Coinbase to apply for a license and “further development plans” in Hong Kong. I hereby offer an invitation to welcome all
Read More
10 Companies Vying for the Hong Kong Retail Crypto License
New regulations governing cryptocurrency exchanges came into force in Hong Kong on 1st June, now allowing these crypto platforms to cater to retail customers, provided they attain and comply with licences aimed at improving investor safeguards. In order for digital
Read More
UAE and Hong Kong Central Banks to Cooperate on Fintech, Virtual Asset Rules
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) is set to enhance collaboration between the financial services sectors of the two jurisdictions. The CBUAE and the HKMA agreed to strengthen cooperation in
Read More
ZA Bank Plans to Offer Crypto Trading for Its Retail Investors
Hong Kong’s virtual bank ZA said that it plans to introduce virtual asset trading services for retail investors under the city’s new licensing regime announced yesterday. By partnering with Hong Kong-licensed virtual asset exchanges, ZA Bank aims to obtain the
Read More
Hong Kong Will Soon Accept Crypto Exchange License Applications
The Hong Kong Securities and Futures Commission (SFC) announced that it will soon allow licensed trading platform operators to serve retail investors following positive feedback from its consultation paper. On 1 June 2023, the SFC will begin enforcing the guidelines
Read More
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,
Read More