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Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments


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

Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China


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...

China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors


As the first of its kind, the spot Ethereum and Bitcoin ETFs by China AMC offer a new investment pathway for Chinese RMB holders and potential mainland investors. The post China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors appeared first on Cryptonews

Jeju Island, South Korea, Eyes NFT-powered Growth


Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy. The post Jeju Island, South Korea, Eyes NFT-powered Growth appeared first on Cryptonews

Hong Kong to Strenghten OTC Crypto Market Regulation


Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks of virtual assets amidst the rising interest...

Hong Kong Firms Make First Cross-border Digital Yuan Commodity Payments


Source: leungc/Adobe Hong Kong-based firms have made the first “cross-border” commodity payments with the Mainland Chinese digital yuan, as the CBDC takes its first international steps. Per Hong Kong Today, several Hong Kong firms took part in the Bank of China (Hong Kong)’s “Enterprise Digital...

More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms


Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...

China’s Digital Yuan Scores Taiwan First with Bond Offering


China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds. The offering, an ultra-short-term financing bond, was launched by Xiamen Xiangyu Group (XMXYG), a Mainland Chinese financial firm based in Xiamen that also...

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