Hong Kong Monetary Authority – DIGIT INFO

Hong Kong central bank to subsidize companies issuing tokenized bonds

DIGIT — Fri, 29 Nov 2024 05:59:38 +0000

Hong Kong’s government already issued $100 million in tokenized green bonds on Feb. 16 under its Green Bond Programme.

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Hong Kong warns against crypto firms misrepresenting as ‘banks’

DIGIT — Fri, 15 Nov 2024 11:26:00 +0000

Hong Kong’s central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong.

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Hong Kong’s Project Ensemble sandbox ready to test asset tokenization

DIGIT — Wed, 28 Aug 2024 16:38:28 +0000

The HKMA’s project is gearing up for more testing after successful initial trials.

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HK bank supports nation’s regulatory goals with reserve services

DIGIT — Fri, 19 Jul 2024 08:03:23 +0000

This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies.

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Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization

DIGIT — Fri, 28 Jun 2024 21:17:50 +0000

The HKMA set up Project Ensemble months ago. Now we know why.

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Hong Kong and UAE central banks collab on crypto rules, fintech development

DIGIT — Wed, 31 May 2023 03:35:00 +0000

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

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Report: UAE Central Bank Implements Digital Currency Strategy

DIGIT — Wed, 29 Mar 2023 08:30:38 +0000

The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The […]

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80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says

DIGIT — Sat, 25 Mar 2023 11:00:03 +0000

Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government […]

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Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

DIGIT — Wed, 02 Nov 2022 06:30:04 +0000

According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system” while the handling of personal […]

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Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

DIGIT — Thu, 28 Apr 2022 03:35:40 +0000

Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.

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