Hong Kong Financial News
13.06 / 22:23
Blockchain
Binance
Progressive
SEC
Platform
coinbase
Decentraland
Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security
According to a report by South China Morning Post (SCMP), Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S. This strategic move comes in the wake of the U.S. Securities and Exchange Commission's (SEC) decision to label the firm’s Sand cryptocurrency token as an unregistered security, amid recent lawsuits against major crypto exchanges Binance and Coinbase Global.
13.06 / 21:14
Stablecoin
Circle
legislation
House Financial Services
lawmakers
Stablecoin Bill
Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill
The CEO of stablecoin issuer Circle has put pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.
13.06 / 13:49
Telecom Giant Taiwan Mobile in Talks for Crypto Platform Investment
Telecommunications giant Taiwan Mobile is in talks with local crypto platforms about potential partnerships and even investment in one of the businesses.
13.06 / 11:49
Stablecoin
regulation
SEC
AIM
2024
Hong Kong and the US aim for stablecoin regulations by 2024
The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024.
13.06 / 00:53
Digital
CEO
Nomura’s crypto CEO backs Asia for growth drive
The chief executive officer of Nomura’s crypto unit Laser Digital is backing Asia for crypto's next growth spurt, as he believes the region has learnt the lessons from US failures.
12.06 / 21:05
12.06 / 20:31
CBDC
Adoption
retail
retail CBDC
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.
12.06 / 19:27
business
Blockchain
Tokens
Bank of China issues $28M in digital structured notes on Ethereum blockchain
On June 12, Bank of China's investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented:
12.06 / 12:09
Binance
Latin America
coinbase
Bitget
Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown
In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges.
12.06 / 11:11
IPO
MET
CEO
HSBC
SVB
HSBC builds innovation division from the bones of collapsed SVB UK
U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB) in March.
11.06 / 07:25
Blockchain
regulation
coinbase
Hong Kong legislator invites Coinbase to the region amid SEC scrutiny
With its progressive stance on cryptocurrencies, Hong Kong's legislator invites Coinbase and other crypto exchanges to establish operations in the region, fostering a favorable environment for the industry's growth.
10.06 / 22:13
business
Binance
Latin America
coinbase
Latam crypto holders flock to Bitget following Binance, Coinbase suits
Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase.
10.06 / 11:17
Blockchain
UPS
Ethereum
Waves
Pool
GameStop
Hong Kong Meme Coin $KONG Pumps 1,000%, Trends Above Pepe on DEXTools - Best Crypto to Buy Now?
Meme coins are currently gaining a lot of attention and breaking daily trading records with high volumes.
10.06 / 06:41
UPS
Provident
Digital
Enterprise
PwC
BAY
Future
Standard
Shaping the Future of Banking: Standard Chartered and PwC China Release White Paper on Central Bank Digital Currency"
Standard Chartered, in collaboration with PwC China, have co-published a comprehensive white paper detailing the potential advancements in the future of banking, courtesy of Central Bank Digital Currency (CBDC). This report highlights the benefits that CBDCs could offer in retail sectors, international trade, and supply chain finance, as well as their potential to enhance customer loyalty programs and provide innovative supply chain financial solutions.
09.06 / 15:39
Sport
Google
security
Fraud
European Union
Google Cloud
retail CBDC
Customers
Today in Crypto: Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into Effect Officially Starts, Hong Kong to Lay Foundations to Implement Retail CBDC
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
08.06 / 15:49
markets
Asia
Bitcoin
US Bitcoin supply fell over 10% in the past year — Glassnode
Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.
08.06 / 08:19
Citi
Cooper
Platform
Strategy
HSBC
Financial
UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.
07.06 / 20:35
Stablecoin
Payments
regulation
Circle
Circle is latest recipient of Major Payment Institution license in Singapore
Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.
07.06 / 09:23
regulation
crypto framework
Framework
The Philippines delays publishing crypto framework
Despite the wave of market failures in 2022, the Philippines’ financial regulator has decided not to rush a legal framework on the crypto industry, initially planned to be published in late 2022. However, work on the guidelines is ongoing, and the results could be made public this year.
06.06 / 21:06
stocks
Derivatives
Trade
Crypto Exchange
Will
Hong Kong launches retail-friendly rules for crypto exchanges
The Chinese finance hub is racing regulators around the world to lay down ground rules for crypto after high-profile failures like trading platform FTX, which led the United States to crack down on a sector worth more than $1 trillion. China has had a strict crypto ban since 2021, but in Hong Kong — which operates on a separate legal framework — trading has been allowed though unregulated, meaning individual investors resort to unlicensed platforms. The regulatory regime launched Thursday means that after a one-year transition period, all crypto exchanges in Hong Kong must be licensed, and will be able to take on retail clients.
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