ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines. Go to Source Powered by WPeMatico
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Hong Kong to open crypto exchange access for retail users, but there’s a catch
Hong Kong’s securities watchdog announced new plans to allow retail investor access to virtual assets platform. Go to Source Powered by WPeMatico
Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform
The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product. Go to Source Powered by WPeMatico
China state-owned Greenland to apply for Hong Kong virtual asset trading license
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says. Go to Source Powered by WPeMatico
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong … Read more
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
Chinese tech company Iflytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year. Go to Source Powered by WPeMatico
China’s crypto stance unchanged by moves in Hong Kong, says exec
Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin. Go to Source Powered by WPeMatico
Coinbase remains ‘100% committed’ to US market: Armstrong
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much. Go to Source Powered by WPeMatico
Hong Kong regulator requires banks to open accounts for crypto firms
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license. Go to Source Powered by WPeMatico
Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients
Increasing familiarity with virtual assets clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says. Go to Source Powered by WPeMatico