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Hong Kong warns against crypto firms misrepresenting as ‘bank’
15.11.2024
Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong.
Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions
29.8.2024
The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players...
Hong Kong’s Project Ensemble sandbox ready to test asset tokenization
28.8.2024
The HKMA's project is gearing up for more testing after successful initial trials
Hong Kong issues generative AI guidelines for consumer protection
20.8.2024
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications
HK bank supports nation's regulatory goals with reserve services
19.7.2024
This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies
Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback
19.7.2024
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin...
Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants
18.7.2024
In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
17.7.2024
Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year
Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization
28.6.2024
The HKMA set up Project Ensemble months ago. Now we know why
Hong Kong-Based Asset Manager VSFG and Value Partners Apply for Spot Bitcoin ETF
27.3.2024
Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on Wednesday
Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases
15.3.2024
Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program.
The post Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases appeared first on Cryptonews
Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
7.3.2024
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision
27.12.2023
Source: Pexels The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence...
Hong Kong Financial Regulator Prepared to Accept Applications for Spot Crypto ETFs
22.12.2023
Source: Adobe/leungchopan Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs). The SFC and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressing the increasing interest...
Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say
22.12.2023
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF
Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months
6.12.2023
Source: iStock/Onfokus The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. The government authority aims to leverage blockchain technology for increased efficiency and transparency in the redemption...