Hong Kong lawmaker wants CBDC with Defi features
In an effort to come up with new ideas for a central bank digital currency, Hong Kong officials are thinking about releasing a CBDC in the form of a stablecoin supported by the government
Tag Hong Kong
Hong Kong SFC Flags 33Â Scam Websites Impersonating HashKey
Key Takeaways Hong Kong’s Securities and Futures Commission (SFC) has identified 33 additional fraudulent websites impersonating HashKey, a licensed crypto trading platform. This brings the total number of flagged impersonators to 45. The latest discovery is part of the SFC’s…
Hong Kong Lawmaker Proposes Integrating BTC into National Reserves
Key Takeaways Hong Kong lawmaker Wu Jie has called on the government to explore incorporating Bitcoin into its fiscal reserves, a move he believes could strengthen the region’s financial stability and global competitiveness. Speaking to local media, Wu emphasized the…
Hong Kong Moves Stablecoin Regulation Bill to Legislative Council
Key Takeaways Hong Kong is taking significant steps toward regulating stablecoins with the introduction of the Stablecoins Bill to its Legislative Council. The Stablecoins Bill sets out requirements for stablecoin issuers, outlines conditions for offering stablecoins, and implements marketing restrictions…
ZA Bank Introduces Retail Crypto Trading in Hong Kong
Key Takeaways ZA Bank, Hong Kong’s largest virtual bank, has launched a service allowing retail users to trade Bitcoin and Ethereum directly using fiat currency. The bank announced that Hong Kong residents with a ZA Bank account can open an…
Hong Kong Introduces AI Guidelines for Financial Sector
Key Takeaways On October 28, the Hong Kong Financial Services and Treasury Bureau (FSTB) announced new guidelines designed to enhance the integration of artificial intelligence (AI) within the financial services sector. During a keynote address at Fintech Week, Christopher Hui,…
Hong Kong SFC to Issue More Crypto Licenses by Year-End
Key Takeaways The Hong Kong Securities and Futures Commission (SFC) is preparing to grant additional licenses to cryptocurrency businesses by the close of 2024, according to an October 7 report from local news outlet Hong Kong 01. This comes after…
CoinCodeCap WeekInFocus: September 1, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Hong Kong Extends Deadline for Crypto License Applications
Despite the fact that the May 31 deadline has passed, HKDAEx has been awarded a fresh digital asset exchange license by the Hong Kong SFC.
HongKong’s HKDAEx Receives Digital Asset License After Deadline
Key Takeaways The Hong Kong Securities and Futures Commission (SFC) has granted a digital asset exchange license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27. This approval comes even though the official deadline for submitting applications passed…
