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Hong Kong

Hong Kong taps HSBC, Visa firms for CBDC trials
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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
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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 OSL Asset Management secures license to offer AI, Web3, and blockchain investments
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14 May, 2023

Hong Kong OSL Asset Management secures license to offer AI, Web3, and blockchain investments

Hong Kong’s Securities and Futures Commission granted OSLASM the license in early May, giving the green light to the firm...
Hong Kong VC firm CCMC launches $100M blockchain fund focusing on Asia
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7 May, 2023

Hong Kong VC firm CCMC launches $100M blockchain fund focusing on Asia

CCMC’s co-founder Bauman pointed out that HK firms in the Series A and B stages of their growth will be...
Bitget exchange launches new Web3 fund as it eyes Hong Kong license
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5 May, 2023

Bitget exchange launches new Web3 fund as it eyes Hong Kong license

The digital currency exchange is also looking to hire more staff; currently, it has 1,300 staff and hopes to fill...
Hong Kong urges banks to offer services to digital asset firms
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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...
Hong Kong securities regulator to issue new license guidelines for VASPs
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29 April, 2023

Hong Kong securities regulator to issue new license guidelines for VASPs

The rulebook set to be published in May and take effect in June will serve as a handbook for VASPs...
In Hong Kong, digital assets are considered property
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25 April, 2023

In Hong Kong, digital assets are considered property

A Hong Kong court ruled that property is an inclusive term with a wide range of meanings, noting that in...
State-owned Chinese banks offer financial services to Hong Kong digital asset firms
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20 April, 2023

State-owned Chinese banks offer financial services to Hong Kong digital asset firms

With China's current digital asset regulation, service providers are now looking at Hong Kong to offer their services as the...
Hong Kong’s ZA bank will offer digital currency to fiat conversions: report
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16 April, 2023

Hong Kong’s ZA bank will offer digital currency to fiat conversions: report

ZA Bank CEO Ronald Iu disclosed that the digital bank plans to offer settlement services in the yuan, U.S. dollars,...
Former HKMA chief leads Hong Kong’s new Web3 institute
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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...
SEC summons Tron’s Justin Sun, Binance praises regulators it won’t obey
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14 April, 2023

SEC summons Tron’s Justin Sun, Binance praises regulators it won’t obey

Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will...