Hong Kongs e-HKD project expands into tokenization, programmability

The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

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Hong Kong monetary regulator launches second phase of CBDC project

The Hong Kong Monetary Authority (HKMA) has announced the launch of the second phase of its central bank digital currency (CBDC) pilot program, known as e-HKD, according to a Sept. 23 statement. The second phase will delve into advanced use cases for digital money, emphasizing e-HKD and tokenized deposits for individuals and businesses. The first […]

The post Hong Kong monetary regulator launches second phase of CBDC project appeared first on CryptoSlate.

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Stablecoins and crypto are threatening fiat money dominance in Eastern Asia

Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the regions value received in stablecoins.

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PBOC to Issue Renminbi Bills via Hong Kong Monetary Authority's Central Moneymarkets Unit

The People's Bank of China is set to issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority. (Read More)

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Hong Kong prepares AI guidelines for finance sector

Hong Kongs government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week.

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Does Hong Kongs slow approach to crypto regulation risk stifling digital asset growth?

Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.

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Hong Kong considers new licensing regime for OTC crypto trading

Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.

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Hong Kong virtual banks eye Web3 growth despite regulatory hurdles

Despite capturing just 0.3% of retail bank assets, Hong Kongs virtual banks are exploring opportunities in the Web3 space.

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Mox Launches Revolutionary Crypto ETF Trading with Ultra-Low Fees in Hong Kong

Mox, virtul bnk undr Stndrd Chrtrd, hs chivd milston by bcoming th first bnk in Hong Kong to offr dirct trding of spot Bitcoin nd Ethrum ETFs on its pltform. Announcd on August 7th, 2024, this lunch mrks strtgic mov to ctr to th rising customr intrst in cryptocurrncy mrkt xposur. This […]

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Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading

Mox, a Hong Kong virtual bank owned by Standard Chartered, launched Bitcoin and crypto ETF trading. This makes Mox the first virtual bank in Hong Kong to offer such product.

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Hong Kong Monetary Authority Reviews Virtual Banks, Proposes Renaming to 'Digital Banks'

The HKMA issued a report on virtual banks, evaluating their impact and proposing a name change to 'Digital Banks'. (Read More)

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Hong Kong Monetary Authority Announces 5.00% Interest Rate for Silver Bond Series Due 2026

The Hong Kong Monetary Authority has set the annual interest rate for the second interest payment of the Silver Bond Series due 2026 at 5.00%. (Read More)

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Core Member of Ramp-and-Dump Syndicate Arrested in Hong Kong

Hong Kong authorities have arrested a key member of a notorious ramp-and-dump syndicate, as reported by the SFC. (Read More)

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Hong Kongs SFC Grants License to HKDAEx Despite Deadline

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Hong Kong accepts crypto license application past deadline

Hong Kong Digital Asset Xchange is the latest firm to apply for a license, having submitted its application on Aug. 27.

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HKMC Releases Social Bonds Allocation Update and Impact Report 2024

The Hong Kong Mortgage Corporation Limited (HKMC) has published its Social Bonds Allocation Update and Impact Report 2024, detailing the allocation and social impact of bonds issued in 2022 and 2023. (Read More)

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HKMA Imposes Penalty on WeChat Pay Hong Kong for AML Failures

The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations. (Read More)

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Hong Kong Monetary Authority Reports 0.6% Increase in Total Deposits for July 2024

The Hong Kong Monetary Authority reported a 0.6% increase in total deposits in July 2024, with notable changes in various deposit categories. (Read More)

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HKMA Reports July 2024 Residential Mortgage Survey Results

The Hong Kong Monetary Authority (HKMA) reports a 0.7% increase in mortgage applications for July 2024, along with significant trends in mortgage loans and delinquency ratios. (Read More)

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Singapore, Hong Kong and UAE lead in crypto adoption: Report

Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.

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