With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.
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With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.
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The IMF mission spent three months studying conditions in the country, which is preparing to produce a feasibility report.
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The cryptocurrency exchange recently cut 20% of its staff, but now it will increase personnel in Hong Kong from 50 to 200.
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The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins.
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Grocery retailer Pick n Pay is expanding its Bitcoin coverage to all stores in the country following a three-month pilot testing phase.
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Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system.
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Blockchain technology may be a solution when it comes to anti-theft measures for retailers.
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The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval.
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The bankrupt lender is set to hold auctions for its assets in January, while it’s been given the green light to return some customer funds.
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