Hong Kong Monetary Authority Completes First CBDC Trial
Hong Kong’s Central Bank digital currency (CBDC) pilot program has finished its first phase, demonstrating possible developments in digital finance. Hong Kong has completed the first phase of its CBDC study. It’s still unclear if they’ll release the e-HKD retail version in its entirety. Tokenization, programmability, and atomic settlement are a few of the potential […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]
Hong Kong Tightens Crypto Regulations After JPEX Scandal
Hong Kong’s Securities and Futures Commission (SFC) has introduced a series of revamped virtual assets guidelines to enhance investor protection and regulatory oversight. The new rules, announced after a major crypto exchange scandal, limit crypto offerings to professional investors and classify virtual assets as complex products. Hong Kong’s Securities and Futures Commission (SFC) has introduced […]
BC Technology Denies Plans to Sell Crypto Platform OSL
BC Technology Group Ltd., the owner of Hong Kong’s first licensed crypto platform, OSL, has refuted recent media reports claiming that the company is exploring the sale of its digital asset business. The firm said that the reports are “factually inaccurate and highly misleading.” In a filing to the Hong Kong Stock Exchange on October […]
Hong Kong Police Warn of Binance Impersonation Scam
Police have warned residents in Hong Kong not to fall for crooks who send phishing texts while acting as Binance. Eleven cases totaling HK$3.5 million in reported losses have been submitted to the authorities over the last two weeks. A local news article from October 9 draws attention to a post on the social media […]