Animoca, Standard Chartered team up in HKMA stablecoin sandbox
The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. Go to Source
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Hong Kong unveils new stablecoin licensing regime
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback. Go to Source
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety. Go to Source
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
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
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
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
Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
The Hong Kong government aims to expand its fintech dominance in DeFi and the metaverse despite challenges in the current landscape. Go to Source
The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFs
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 plans return to stock market by 2025
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
Hong Kong targets DeFi, metaverse for fintech expansion
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors. Go to Source
Hong Kong shows off crypto, Web3 prowess in Toronto
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