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Nalezeno "The Hong Kong Monetary Authority": 62

People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong

18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...

Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision

6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...

Hong Kong Will Allow Some Tokenized Securities-Related Activities

2.11.2023
The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub

Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank

2.11.2023
Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading...

Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study

30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

30.10.2023
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said

Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project

11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...

Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance

21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...

SWIFT CBDC Interlinking Solution Enters Beta Testing

15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...

Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

25.8.2023
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets

Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny

4.8.2023
The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say

HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

31.7.2023
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts

Hong Kong Put Pressure on Three Major Banks to Take on Crypto Exchanges as Clients: Report

15.6.2023
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients

Hong Kong Monetary Authority to Prepare for Retail CBDC

9.6.2023
The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD

First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In

1.6.2023
The stablecoin is issued by a registered trust owned by First Digital

Hong Kong and UAE central banks collab on crypto rules, fintech development

31.5.2023
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay

19.5.2023
The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking...