Archive
HKMA: Hong Kong Could Expect Soft Launch of Virtual Banks in The Next Few Months
Speaking at the Hong Kong Institute of Bankers Conference yesterday, Deputy Chief Executive Officer of HKMA, Arthur Yuen said that Hong Kong’s new virtual banks could potentially soft launch some of its services in the fourth quarter of this year.
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Facebook’s Libra Will Not Include China’s Yuan
In a letter responding to German legislator, Fabio De Masi, Facebook has revealed the breakdown of its basket of global currency that will underpin its digital coin, Libra. According to a report by Reuters, the US Dollar will make up
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4 Reasons Why China’s Central Bank is Launching a Digital Currency
Blockchain and cryptocurrencies have been all the rage these past years. Now even central banks are looking to launch their own digital currency. So-called central bank digital currencies (CBDCs) differ from traditionally digital currencies like bitcoin and ether in the
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UnionPay Bets on Wirecard to Support Global Expansion
UnionPay, the world largest card scheme formed a partnership with Wirecard a global player in the payments space. This agreement will see Wirecard supporting UnionPay’s ongoing international expansion and Wirecard’s growth in China. With over 7.59 billion cards issued under
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Legacy Trust Launches Digital Asset Pension Plan
Hong Kong-licensed Legacy Trust Company Limited is launching a digital asset pension plan; a voluntary pension plan available to employers and the self-employed, where the contributions and underlying asset portfolio can include digital assets alongside fiat currencies. According to the
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Finfabrik and Lumiere Tokenised Co-Investment into Algerian Indie Film
Lumiere and FinFabrik have joined forces bringing their business and technical expertise together to tokenise a co-investment into a film titled ‘Papicha’. By having their equity participation digitalised, investors will have the opportunity in the future to transfer or sell
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A Look at Line and Nomura’s Zero-Commission Online Brokerage in Japan
Line Securities Corporation, a joint venture between Asian financial services group Nomura Holdings and Line Financial Corporation, the financial services arm of Internet firm Line Corporation, has launched a new mobile investment service targeted at younger, digital-savvy generations. The new
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Hong Kong’s Stock Exchange Collaborates with Ping An on Fintech and Analytics
Ping An Insurance and Hong Kong Exchanges and Clearing (HKEX) have entered into an agreement to develop cooperation and collaboration in fintech and data analytics. The purpose of the MOU is to enhance the financial market ecosystem of the region.
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Crypto.com Appoints Eric Anziana as Chief Operating Officer
Crypto.com announced the promotion of Eric Anziani to the position of Chief Operating Officer. Eric joined Crypto.com in January 2018 and was the Senior Vice President of Group Strategy. Previously known as MCO, Crypto.com is best known for their Mastercard-enabled
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CoverGo Teams up with Jetco to Build Car Insurance Open API Platform
Joint Electronic Teller Services Limited (“JETCO”) today announced its collaboration with insurtech provider CoverGo to build car insurance API platforms that will offer price comparison, online applications, claiming and a range of other innovative features based on JETCO APIX, an
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