Hong Kong Monetary Authority Archives

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

-

19 September, 2023

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests...

Hong Kong reaps tokenization gains post-green bonds

Business

Wahid Pessarlay

-

1 September, 2023

Hong Kong reaps tokenization gains post-green bonds

Hong Kong is actively pursuing a comprehensive transition towards distributed ledger technology within its financial markets, motivated by the advantages...

Hong Kong-based Hang Seng Bank limits digital asset companies to simple accounts: report

Business

Wahid Pessarlay

-

10 August, 2023

Hong Kong-based Hang Seng Bank limits digital asset companies to simple accounts: report

The HSBC-owned bank told digital asset firms to use simple accounts as they are struggling to utilize banking services amidst...

Hong Kong, Saudi Arabia team up for tokenization and payments research

Business

Wahid Pessarlay

-

6 August, 2023

Hong Kong, Saudi Arabia team up for tokenization and payments research

The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies,...

Hong Kong speeds up blockchain adoption under new Web3 task force

Business

Wahid Pessarlay

-

7 July, 2023

Hong Kong speeds up blockchain adoption under new Web3 task force

The newly minted task force involves key players from the government, private sector, and professionals from academia as they collaborate...

Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

Business

Steve Kaaru

-

20 June, 2023

Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

To become the global ‘crypto’ hub, Hong Kong is pushing the three largest banks in the city-state—along with Bank of...

Hong Kong wants public’s input on stablecoin regulation

Business

Wahid Pessarlay

-

18 June, 2023

Hong Kong wants public’s input on stablecoin regulation

Hong Kong’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, said the public consultation will form the basis...

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

Business

Wahid Pessarlay

-

6 June, 2023

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part of their...

Hong Kong taps HSBC, Visa firms for CBDC trials

Business

Wahid Pessarlay

-

24 May, 2023

Hong Kong taps HSBC, Visa firms for CBDC trials

The Hong Kong Monetary Authority’s pilot will explore six categories of use cases, including offline payments, tokenized deposits, and settlement...

Hong Kong regulators warn incoming firms against ‘light touch’ approach

Business

Wahid Pessarlay

-

16 May, 2023

Hong Kong regulators warn incoming firms against ‘light touch’ approach

Despite being seen as having a "friendly" stance toward VASPs, Hong Kong reiterates it would push for stringent but "reasonable"...

Hong Kong urges banks to offer services to digital asset firms

Business

Steve Kaaru

-

1 May, 2023

Hong Kong urges banks to offer services to digital asset firms

The Hong Kong Monetary Authority reiterated that it had not placed any bans on Bitcoin banking and urged banks to...

Former HKMA chief leads Hong Kong’s new Web3 institute

Business

Wahid Pessarlay

-

15 April, 2023

Former HKMA chief leads Hong Kong’s new Web3 institute

Norman Chan, former head of the Hong Kong Monetary Authority, will head the new body while China Mobile International CEO...

Hong Kong Monetary Authority

Recent

Trending

Most Views