Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.
Category Archives: hong kong
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.
Hong Kong Virtual Assets Consortium launched with Huobi as first member
The new consortium will provide ratings of digital asset trading platforms and cryptocurrency market indexes when it becomes operational.
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to verify the identities of all customers.
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China.
Gate Group launches new virtual asset trading platform in Hong Kong
As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities.
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.
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.
Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients
Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.
