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The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, … Read more
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American … Read more
The Hong Kong government aims to expand its fintech dominance in DeFi and the metaverse despite challenges in the current landscape. Go to Source
Two Bitcoin ETFs launched in Australia in June — after six Bitcoin and Ethereum ETFs launched in Hong Kong in April. We’ll see soon if more enter the market. Go to Source
Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East. Go to Source
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors. Go to Source
Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official. Go to Source
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks. Go to Source
Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal Reserve’s hawkish dot plot forecast and subsequent comments by Chair Jerome Powell led … Read more
Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth Hong Kong’s spot bitcoin and ether ETFs have been active for 44 days since their launch. … Read more