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HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews
Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments
17.5.2024
The e-CNY, also referred to as the digital yuan, is China's state-backed digital currency, and users can now open digital wallets and store it outside of mainland China in Hong Kong.
The post Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments appeared first on Cryptonews
Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch
17.5.2024
Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs...
China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
17.5.2024
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global...
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
17.5.2024
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers
Crypto ETF race intensifies with US and Hong Kong spot crypto ETFs
17.5.2024
Other countries and global markets will soon join the digital asset race, including Australia. Recently, the American Securities and Exchange Commission approved spot Bitcoin ETFs. Hong Kong also took a similar initiative, approving spot Ether Exchange Traded Funds. The US performed better than...
Hong Kong digital yuan pilot lacks P2P capabilities
17.5.2024
While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong
Mastercard, Standard Chartered test tokenized deposit transaction
15.5.2024
Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account
HTX Withdraws Hong Kong Crypto License Application Again – What’s Going On?
15.5.2024
Concerns were raised regarding Huobi Global (HGBL) Hong Kong Limited's capacity to conduct lawful business in the area on May 14 when the HTX subsidiary withdrew its application for a cryptocurrency trading licence from Hong Kong's Securities and Futures Commission (SFC) for the second time.
The...
Huobi Hong Kong Withdraws License Application for the Second Time
15.5.2024
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
14.5.2024
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds
Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors
13.5.2024
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday
No, Hong Kong's Crypto ETFs Aren't Available in Mainland China
13.5.2024
The Stock Exchange of Hong Kong (HKEX) confirmed they aren't available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls
Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer
13.5.2024
The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry.
The post Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer appeared first on Cryptonews
Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China
13.5.2024
The Bitcoin Asia 2024 conference highlights the recent launch of Hong Kong's spot Bitcoin ETFs, drawing significant attention from 5,500 attendees, especially investors across China’s mainland.
The post Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China appeared first...
Hong Kong issuer seeks spot Bitcoin ETF for mainland China
10.5.2024
Harvest CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China
Hong Kong Businessman and Son Surrender to Police Over Kidnapping of Crypto Investor in $1.9 Million Dispute
10.5.2024
The 70-year-old man and his 30-year-old son were arrested on suspicion of false imprisonment and assault, according to police sources.
The post Hong Kong Businessman and Son Surrender to Police Over Kidnapping of Crypto Investor in $1.9 Million Dispute appeared first on Cryptonews
Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024
10.5.2024
Canaan introduces the A1566 model in Hong Kong, aims to provide a more cost-effective solution for miners by offering higher data processing capabilities with lower energy consumption.
The post Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024 appeared first on Cryptonews
Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction
10.5.2024
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family....
CZ hits back at WSJ, Hong Kong crypto ETF’s take ‘$50B equivalent’: Asia Express
10.5.2024
Binance hits back at claims it fired investigator who found manipulation, Hong Kong crypto ETFs take the “equivalent” of $50B. Asia Express