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First Mover Asia: Bitcoin Opens the Week Testing $25K


Also: Hong Kong will unveil its new crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors

China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot


Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong. China Banking and Insurance News (via JRJ) reported that the event is the brainchild of the central People’s Bank of China (PBoC) and the Luohu District local government. Luohu is located close to Hong...

Bitcoin soars above $24K as traders look for Hong Kong’s decision


Bitcoin recently came to life as regulations surrounding digital assets are in the works. Experts believe that this news is only part of the ongoing hike. On the other hand, the crypto industry can expect constant regulatory volatility throughout the year. Traders are also keenly looking forward...

Cyberport brings virtual Hong Kong to New York Fashion Week


Ms. Vivienne Tam, a world-famous Hong Kong-based fashion designer, had a particularly productive day. It was she, along with Cyberport and the Hong Kong Economic Trade Office in New York, who was instrumental in successfully transferring a virtual Hong Kong to the New York Fashion Week runway show....

Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief


Source: Tomasz/Adobe The former head of the Hong Kong central bank says that crypto will not destroy traditional finance – and that volatility will hold back the progress of many cryptoassets.... Read More: Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief

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