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Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China … Read more
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts. Go to Source Powered by WPeMatico
Hong Kong citizens are using a blockchain system to fight back against the government’s attempts to erase and overwrite the history of recent years’ anti-authoritarian struggles. Go to Source Powered by WPeMatico
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. Go to Source Powered by WPeMatico
Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature. Go to Source Powered by WPeMatico
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin. Meitu Stacks Another 175 Bitcoin, $100 Million in … Read more
Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action. Go to Source Powered by WPeMatico
Meitu CFO Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company. Go to Source Powered by WPeMatico
Chinese tech company Meitu has dropped another $50 million on ETh and BTC, taking its total holdings up to $90 million. Go to Source Powered by WPeMatico