Hong Kong Monetary Authority

Project Ensemble to boost Hong Kong tokenization efforts

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5 September, 2024

Project Ensemble to boost Hong Kong tokenization efforts

Hong Kong’s Monetary Authority has partnered with HSBC and StanChart banks, which will provide tokenized deposits, with Microsoft and BlackRock...

Hong Kong’s digital banks urged to improve services for Web3 firms

Business

Wahid Pessarlay

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15 August, 2024

Hong Kong’s digital banks urged to improve services for Web3 firms

Hong Kong Legislative Council member Johnny Ng Kit-Chong noted that streamlining banking services in Hong Kong will attract global Web3...

Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins

Business

James Field

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14 August, 2024

Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins

At the third Foresight Conference, David Chiu, a Hong Kong Special Administrative Region legislative council member, said they must soon...

ZA Bank backs Hong Kong’s stablecoin plan with reserve bank services

Business

Wahid Pessarlay

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31 July, 2024

ZA Bank backs Hong Kong’s stablecoin plan with reserve bank services

ZA Bank's move to provide reserve bank services is seen as a stepping stone to improving Hong Kong's local payment...

Standard Chartered, Animoca Brands join Hong Kong stablecoin sandbox

Business

Steve Kaaru

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30 July, 2024

Standard Chartered, Animoca Brands join Hong Kong stablecoin sandbox

China’s e-commerce giant JD.com also joined the sandbox, but the Hong Kong Monetary Authority has warned that it has yet...

Hong Kong unveils stablecoin consultation results

Finance

Steve Kaaru

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22 July, 2024

Hong Kong unveils stablecoin consultation results

The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations...

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Finance

Steve Kaaru

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19 July, 2024

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits...

Hong Kong, France to explore cross-border CBDCs outside of mBridge

Finance

Wahid Pessarlay

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3 July, 2024

Hong Kong, France to explore cross-border CBDCs outside of mBridge

Both Hong Kong and France will explore the interoperability of their wholesale CBDC systems via a regulatory sandbox to strengthen...

HKMA urges Hong Kong banks to upskill workforce on AI

Business

Steve Kaaru

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31 May, 2024

HKMA urges Hong Kong banks to upskill workforce on AI

Hong Kong’s central bank says that AI is forcing banks to rethink their operations, and some have already redeployed some...

Finance

Steve Kaaru

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28 May, 2024

Hong Kong enables digital yuan payments

Hong Kong has become the first destination beyond mainland China to allow residents to open digital yuan wallets and make...

Hong Kong identifies pseudonymous validators as risk for banks using public blockchains

Business

Fred Baker

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23 April, 2024

Hong Kong identifies pseudonymous validators as risk for banks using public blockchains

While blockchain provides the utmost security, there are still some risks to look out for, including pseudonymous validators, which the...

Hong Kong still weighing whether retail CBDC benefits outweigh the risks

Business

Steve Kaaru

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18 April, 2024

Hong Kong still weighing whether retail CBDC benefits outweigh the risks

The HKMA chief executive says the central bank is still determining whether there is a real need for a retail...

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