Blockchain/Bitcoin
Hong Kong’s SFC Issues Fraud Warnings for HongKongDAO and BitCuped
The Securities and Futures Commission (SFC) has warned the public about suspected virtual asset-related frauds involving Hong Kong Digital Research Institute, also known as HongKongDAO, and BitCuped. The SFC has requested the Hong Kong Police Force block access to both
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First Digital USD Stablecoin Reaches US$1 Billion Market Cap
First Digital, an Asia-based digital asset custody and trust service provider, reported that its stablecoin, First Digital USD (FDUSD), has achieved a market capitalisation of US$1 billion (HK$7.81 billion). This development marks a growth in adopting FDUSD, which was launched
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Italy and South Korea Unite to Advance CBDC and Real-Time Settlements
The Bank of Italy and the Bank of Korea have signed a memorandum of understanding (MOU) to facilitate the exchange of knowledge and expertise related to central bank digital currencies (CBDCs) and real-time gross settlement (RTGS) systems. Under the terms
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Central Banks Balance Innovation with Stability in the Age of Digital Currency
Innovation has severely rattled monetary systems as emerging technologies rapidly transform how money and finance operate globally. The landscape of monetary systems is at a crucial crossroads, marked by the dual forces of technological progress and the accompanying challenges that
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Hong Kong Among the Most Advanced in CBDC Development
This year’s PwC Global CBCD Index is seeing the addition of new countries into its ranking of the world’s most advanced retail central bank digital currency (CBDC) projects, with India, Japan and Hong Kong joining the list and leading the
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Hong Kong Calls for Greater Bank Participation in Digital Yuan Initiative
During a recent fintech conference held in Shenzhen, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, emphasised the growing importance of the digital yuan and called for the active participation of “more Hong Kong banks” in this
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Shenzhen, Hong Kong to Launch Blockchain Cross-Border Data Verification Platform
Shenzhen and Hong Kong have announced a joint initiative to launch a verification platform for cross-border data. This platform is part of a broader effort to enhance data flows in various sectors, including finance, within the Greater Bay Area (GBA).
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Three More Banks Join China’s Digital Yuan Initiative
The participation of foreign banks in China’s digital yuan initiative, known as the e-CNY, has expanded with the addition of three more banks, reports Cointelegraph. This development follows the earlier integration by Standard Chartered on 27 November (Monday), making a
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Second Crypto Scam Rocks Hong Kong, Over HK$120 Million Lost to Hounax
The Hong Kong police have initiated an investigation into Hounax, a cryptocurrency trading platform, after 131 individuals reported losing a total of HK$120 million (US$15.4 million) in what is suspected to be a fraudulent scheme. This news was initially reported
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Standard Chartered Joins China’s Digital Yuan Pilot as First Foreign Bank
Standard Chartered’s China division has joined the digital renminbi business pilot, making it one of the first foreign banks to do so. Standard Chartered, in collaboration with City Bank Clearing Services, announced the introduction of exchange services for China’s central
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