City Hong Kong Financial News

25.10 / 17:07

Ethereum Stablecoin Asia Bitcoin KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto

“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.

25.10 / 11:33

Adoption Environment BIS BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.

25.10 / 07:41

business Ethereum Bitcoin HK HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so.

24.10 / 17:55

markets Gold Bitcoin Bitcoin '6-8 weeks' from breakout as Hang Seng echoes Lehman Brothers dip

Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.

21.10 / 23:17

Stablecoin CBDC Adoption Backed retail CBDC Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong Kong.

21.10 / 18:07

Binance SEC Telegram Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank

19.10 / 14:57

Citi VISA Hong Kong Offers Visas, Perks to Reverse Brain Drain After Losing 140,000 From Workforce

HONG KONG—Hong Kong’s chief executive announced incentives to lure talent and companies to the city, seeking to reverse an outflow driven by years of stringent pandemic controls and political upheaval that have hurt its reputation as a global business capital.

19.10 / 14:37

Citi Provident Digital Platform Lee Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee

Chief Executive of HKSAR John Lee delivered his first policy address Wednesday, indicating that the administration has proposed a bill to establish a statutory licensing regime for virtual asset service providers.

17.10 / 14:19

Blockchain Citi Digital Strategy Virtual assets week Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during the upcoming FinTech Week by the end of the month.

17.10 / 13:15

Digital Platform week Hong Kong to Clarify Crypto Position During FinTech Week

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.

11.10 / 13:23

Blockchain COST Provident Racing PolyU 1st in Hong Kong to Offer Metaverse & Blockchain Post-grad Programmes

Hong Kong's Polytechnic University (PolyU) is offering a postgraduate course in the metaverse and blockchain-related technology from September 2023.

10.10 / 13:59

UPS Huobi TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources

Justin Sun, founder of TRON, could be the actual buyer behind the deal for the acquisition of Huobi Global, according to sources with the matter.

28.09 / 18:35

Digital Platform HSBC BIS concludes CBDC pilot program, here’s everything you need to know

The Bank for International Settlements (BIS) has announced the successful completion of the “first CBDC pilot,” as part of the second phase of Project Inthanon-LionRock.

28.09 / 09:45

Blockchain Asia BIS marks CBDC pilot as 'successful' with $22M transacted

A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions.

26.09 / 12:21

Citi CEO Platform Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?

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, as indicated by local observers.

21.09 / 23:39

CBDC Adoption retail retail CBDC Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.

21.09 / 13:25

Digital Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?

The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC project which continues its adoption drive across the nation.

20.09 / 19:37

Ethereum SEC Bitcoin Defi Hack Nasdaq's Crypto Move, $160M DeFi Hack, Hong Kong CBDC + More News

13.09 / 17:33

Blockchain Provident Digital Huobi HashKey Hashkey receives SFC’s approval to manage crypto portfolio- Decoding details

Hong Kong-based HashKey Capital Limited has beengranted a license from the Securities & Futures Commission (SFC) of Hong Kong to manage portfolios invested in 100% virtual assets.

06.09 / 13:01

Citi CEO PwC Move-to-earn App STEPN to Land in Hong Kong's Cyberport

Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.

05.09 / 12:27

CEO Platform Crypto Talk Crypto Talk with OliveX's CEO Rumjahn: Move-To-Earn Fitness App & DOSE Token

Working out has become a trending conversation on social network platforms. Exercise, especially indoor-style, is influencing lifestyle amid a wide range of COVID-19 lockdowns globally.

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