Two major international banks, HSBC and Standard Chartered, are expected to receive some of the first stablecoin issuer licenses in Hong Kong. The move would mark an important step in Hong Kong’s effort to build a regulated digital-asset ecosystem. Hong Kong moves to regulated stablecoins. The Hong Kong Monetary Authority
Hong Kong and Shanghai trade authorities have agreed to leverage the use of blockchain technology in order to record cargo data in a bid to modernize cross-border logistics. The move is aimed at increasing transparency in the logistics industry, thereby reducing paperwork among traders in the two cities. According to
Hong Kong is continuing to advance its digital asset plans, as it confirms that stablecoin issuer licenses are set to be issued in March, and a new bill is planned to expand oversight of crypto service providers. Hong Kong’s Financial Secretary, Paul Chan, delivered his 2026-2027 budget speech, where he
Johnny Ng, a Hong Kong lawmaker and a strong supporter of Web3 and digital assets, says that Hong Kong is not trying to “Beat” other countries in crypto; instead, it can act as a global connector between crypto markets and traditional finance across the U.S., Europe, and China. Ng says
The Hong Kong Securities and Futures Commission (SFC) granted a virtual asset trading platform (VATP) license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27, regardless of passing the official deadline for applications on May 31, 2024. The Securities and Futures Commission (SFC) introduced a new licensing framework
Hong Kong is in the enhanced crypto regulatory frame, embracing cryptocurrency and blockchain technology, and recent policy briefs from the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) show their clear and legible regulatory policies. Moreover, Hong Kong launched its first spot Bitcoin and Ether ETFs in
WOW (World of Web3) Summit Hong Kong 2023, held at Asia World-Expo on March 29-30, 2023, was a roaring success. It was the first and the largest Web3-focused event in the APAC region after the pandemic. The event was powered by GuyWay and MarketMakingPro, hosted by UVECON.VC, co-hosted by MaGESpire,
Cumulus Encrypted Storage System (CESS), the first full-stack decentralized storage solution for large-scale enterprise needs, has taken part in the inaugural Hong Kong Web3 Festival as a Tertiary Exhibition Sponsor. A premier Web3 event with over 10,000 attendees, 300 speakers and over 100 participating projects, the event was co-hosted by
On Monday, crypto trading was made available in Hong Kong via Interactive Brokers, an automated worldwide electronic broker. Bitcoin (BTC) and Ethereum (ETH) trading are now available to professional investors on the Interactive Brokers platform, according to a press release. In order to be considered a Professional Investor in the
Hong Kong advances toward Bitcoin adoption in the Asia-Pacific region during crypto winter with a firm move. Significantly, Samsung Asset Management, the investment subsidiary of the tech giant, powers up the city’s crypto mission with the launch of Bitcoin futures ETFs – Samsung Bitcoin Futures Active ETF, on Friday. Samsung
