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Hong Kong Presents Digital Currency Prototype, Project Aurum
24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
21.10.2022
The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region
Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank
21.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank
Not like China: Hong Kong reportedly wants to legalize crypto trading
21.10.2022
Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’
21.10.2022
The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this...
Hong Kong to Clarify Crypto Position During FinTech Week
17.10.2022
The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event. ...
Read More: Hong Kong to Clarify Crypto Position During FinTech Week
Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’
15.10.2022
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect...
Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
10.10.2022
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited...
First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
6.10.2022
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore. Bitcoin trades sideways
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
29.9.2022
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...
Connect With FinTech Professionals at Hong Kong FinTech Week 2022
29.9.2022
Asia’s flagship FinTech event Hong Kong FinTech Week: Pushing Boundaries, Reaping Benefits, will be held from October 31 – November 04, 2022, at the Hong Kong Convention and Exhibition Centre and Online. Thousands of FinTechs and financial professionals, investors, regulators, and tech...
BIS marks CBDC pilot as 'successful' with $22M transacted
28.9.2022
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part
Best Universities for Blockchain 2022: Hong Kong University of Science and Technology
26.9.2022
Building a campus in the metaverse is one way our No. 38-ranked school teaches blockchain. This story is part of CoinDesk's Education Week. This story is part of CoinDesk's Education Week
Best Universities for Blockchain 2022: Chinese University of Hong Kong
26.9.2022
The No. 20-ranked school helped build a blockchain based Covid-19 digital passport. This story is part of CoinDesk's Education Week
Best Universities for Blockchain 2022: City University of Hong Kong
26.9.2022
Host of the Fintech Olympiad for four years, the No. 17-ranked university is a proponent of blockchain technology uses in the Great Bay Area. This story is part of CoinDesk's Education Week
Best Universities for Blockchain 2022: University of Hong Kong
26.9.2022
The blockchain research and courses land the city’s go-to incubator for the next generation of financial talent at spot No. 11. This story is part of CoinDesk's Education Week
Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?
26.9.2022
With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry,...
Hong Kong to Start Testing Digital Currency in Coming Months
22.9.2022
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including...
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
21.9.2022
The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency