mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified. Go to Source
Hong Kong
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FTX opens lawsuit against former employees of Hong Kong affiliate
Bankrupt crypto exchange FTX has opened a lawsuit against former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million. Go to Source
Troubled crypto exchange JPEX applies for deregistration in Australia
The unlicensed exchange allegedly solicited than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission. Go to Source
Hong Kong to tighten crypto regulation in wake of JPEX fraud case
The JPEX fraud saga began last week when SFC revealed they have received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and decline in wallet balances. Go to Source
Crypto influencer arrested in Hong Kong for JPEX association
Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username ‘jolamchok’ on Instagram, for his association with crypto exchange JPEX. Go to Source
Hong Kong central bank warns against crypto firms using banking terms
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. Go to Source
Hong Kong politician responds to Vitalik’s comments about crypto-friendliness
Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness. Go to Source
Hong Kong retains top crypto-ready position for two consecutive years
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25. Go to Source
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. Go to Source
Ant Group launches a new blockchain brand for Web3 developers
The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO. Go to Source
