2023-4-29 12:46 |
Hong Kong’s central bank has urged banks to provide services to crypto firms before receiving a license.
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Coinspeaker Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.
2023-4-29 13:34 | |
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Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.
2023-4-28 10:54 | |
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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.
2023-4-27 20:30 | |
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Coinspeaker Hong Kong Banks to Decide on CBDC Outlook The central bank of Hong Kong has charged other banks to come up with what they think the CBDC should look like. Hong Kong Banks to Decide on CBDC Outlook
2023-4-18 13:35 | |
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At least one bank is leaning towards developing it on a permissioned blockchain.
2023-4-18 08:18 | |
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Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.
2023-4-18 14:01 | |
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Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?
2023-3-28 05:09 | |
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According to a recent report from Bloomberg, Chinese banks are now showing interest in Hong Kong crypto firms. This has surprised the broader crypto community, given that China had once restricted digital currency transactions in the country.
2023-3-28 22:30 | |
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Chinese state-owned banks have emerged as backers for Bitcoin businesses establishing operations in Hong Kong. Despite China's continued ban on cryptocurrency, all of this is true. Chinese sThe post Hong Kong crypto firms notice high interest from Chinese banks appeared first on AMBCrypto.
2023-3-27 17:00 | |
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Chinese government-owned banks start showing support for crypto companies in Hong Kong
2023-3-27 13:06 | |
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Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.
2023-3-28 09:00 | |
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The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand.
2023-3-17 18:45 | |
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The bonds were underwritten by four banks and priced at a yield of 4.05%.
2023-2-17 22:00 | |
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Singapore-based bank DBS plans to apply for a license to help offer crypto trading services in Hong Kong. In recent times, Hong Kong has been embracing the crypto industry, which is why significant banks such as DBS have been planning on penetrating the market to offer other kinds of crypto services. Hong Kong has been […]
2023-2-14 23:00 | |
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Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.
2022-9-28 08:17 | |
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The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore and Hong Kong to develop its own central bank digital currency.
2021-11-18 08:56 | |
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The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions.
2021-6-10 10:00 | |
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The Central Bank of the United Arab Emirates (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBC DCI) have joined Hong Kong Monetary (HKMA) in partnership with the Bank of Thailand (BOT) in the second phase of the Project Inthanon-LionRock.
2021-2-25 15:06 | |
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ConsenSys has been awarded the contract to lead phase two of the cross-border payments ‘CBDC’ project between Hong Kong and Thailand. Dubbed project ‘Inthanon-LionRock,’ the initiative follows successful research by the central banks of both jurisdictions, which found an additional value case in building a cross-border CBDC.
2020-9-30 23:31 | |
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ConsenSys will develop a proof-of-concept for cross-border payments following successful research between the two central banks.
2020-9-29 20:25 | |
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Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate localsThe post Bitcoin ads displayed outside banks in Hong Kong, in effort to spread BTC awareness appeared first on AMBCrypto.
2020-9-11 18:01 | |
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“Banks, today you’re not ditching me, I’m ditching you.” So says a front page ad on Hong Kong’s biggest paper, the Apple Daily, which had its CEO Jimmy Lai arrested...
2020-8-25 16:25 | |
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Hong Kong newspaper The Apple Daily recently had a full page advertisement about Bitcoin. According to translations, the ad reads, “Banks, today you’re not ditching me, I’m ditching you. ” After the Bitcoin symbol, the ad continues in English.
2020-8-24 15:00 | |
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China and the U.S. trade high-profile sanctions, but the real impact is showing up in banks and on the Hong Kong stock market.
2020-8-10 22:00 | |
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Global banks have begun scrutinizing their Hong Kong clients to filter out pro-democracy individuals following the new national security law backed by mainland China. A recent report by Reuters has revealed that the likes of HSBC, Credit Suisse, and Julius Baer are among the international banking giants that have since increased their diligence process, screening […]
2020-7-22 20:29 | |
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Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative. The post As Hong Kong banks censor millionaires for pro-democracy ties, Coinbase CEO calls for open finance appeared first on CryptoSlate.
2020-7-22 12:58 | |
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Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law.
2020-7-21 00:45 | |
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According to an official joint press release from the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT), the two institutions are working on a blockchain that enables efficient transactions between banks in the two countries.
2020-1-23 20:45 | |
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Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments
2020-1-22 16:39 | |
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Six virtual banks have joined the Hong Kong Institute of Bankers as corporate members
2020-1-4 23:36 | |
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In another example of the growing appeal of virtual banking in Hong Kong, six licensed virtual banks in the city have joined the Hong Kong Institute of Bankers (HKIB). Virtual Banks Join HKIB In a press statement issued by HKIB on Thursday (January 2, 2020), Hong Kong’s banking training and certification institute announced the addition of six new members to its ranks.
2020-1-3 18:00 | |
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David Rutter, CEO and Founder of R3, was recently interviewed on the sidelines of the 2019 FinTech Week in Hong Kong. The CEO of R3, a firm which he defined as "an enterprise software company that useThe post Facebook's Libra will accelerate thought among central banks: R3 CEO appeared first on AMBCrypto.
2019-12-13 18:00 | |
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Central banks are increasingly looking towards more efficient payment methods and crypto tokens are filling that role. Thailand and Hong Kong have just announced a joint agreement to utilize digital currencies to facilitate quicker payment in bilateral trade.
2019-12-5 07:20 | |
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Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong, Saudi Arabia, United Arab Emirates, […] The post QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices appeared first on Bitcoin News.
2019-11-9 13:35 | |
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Digital currency has been a topic of interest since the industry began, but the concept of implementing national versions of these currencies is becoming more and more appealing. Hong Kong and Thailand have expressed interest in establishing their own digital currency as well, controlled by their central banks. According to reports from The Block, we […]
2019-11-8 02:24 | |
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The Hong Kong Monetary Authority and several major banks facilitated the development of a proof-of-concept (PoC) for the creation of a multi-bank blockchain consortium which aims to improve global trade through enhanced collaboration among shippers, banks, terminal operators, and ocean carriers.
2019-11-7 22:00 | |
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Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be. Naturally Bitcoin would be the answer if adoption was greater and volatility was lower but the pluses for decentralized money are growing.
2019-10-7 11:30 | |
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The violence in Hong Kong is escalating with each passing week. On Friday, the local government passed a martial law by banning to wear masks at public places. Local banks, that remained resilient in the face of mass protects have now taken a hit as well.
2019-10-6 18:46 | |
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The U. S. -China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs.
2019-9-17 20:55 | |
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Bitcoin payment processing platform BitPay has blocked payments to the Hong Kong Free Press (Hong Kong FP), according to the chief editor of the nonprofit press agency. Tom Grundy accused BitPay of sitting atop their funds for almost three weeks.
2019-9-12 13:51 | |
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The People’s Bank of China (PBOC) will roll out China’s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in the world, two separate sources told Forbes.
2019-8-28 13:10 | |
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By CCN Markets: There’s nothing like a bank run to bring out the bitcoin-fever dreamers. Hong Kong protesters reportedly tried the tactic in their latest effort to stop what they see as unfair practices of their government.
2019-8-18 15:30 | |
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Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […] The post Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system appeared first on CryptoSlate.
2019-8-19 14:17 | |
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The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called […] The post Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks appeared first on Bitcoin News.
2019-8-16 08:53 | |
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Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions.
2019-6-1 11:00 | |
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
2019-4-12 22:03 | |
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Recently, China’s Beijing Finance Industry Association released a notice saying that all individuals and banks must stop engaging in… The post Hong Kong: ICO & STO Only For The Rich Investors With At Least $1M In Portfolio – The Type Of Regulation Crypto Really Needs? appeared first on Invest In Blockchain.
2019-4-1 10:37 | |
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A Bitcoin remittance startup located in Hong Kong has announced that it has launched the world’s first stablecoin pegged to the Hong Kong dollar. Founded in 2014, Bitspark was created to enable the process of sending money across borders without the use of banks.
2019-1-30 17:43 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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China has rolled out new regulations to identify and control risky foreign exchange activities, including those involving cryptocurrencies, the South China Morning Post reported. According to the report, China’s State Administration of Foreign Exchange recently directed banks to monitor and report suspicious transactions tied to cross-border gambling, underground financial networks, and unauthorized crypto dealings.
When the world's second-largest economy sneezes, global markets pay attention. China, facing a deflating property bubble, is on the brink of implementing a massive monetary stimulus that will boost risk assets
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.
Hong Kong plans to implement European-style reporting rules for OTC crypto derivatives, including the use of DTIs, by 2025.
China’s benchmark government bond yield fell to a nearly 22-year low with experts attributing the development to a shift in investor behaviour towards fixed-income products amid a fragile economic recovery.
The Industrial and Commercial Bank of China (ICBC), the world’s biggest lender, recently published a report highlighting the potential of Bitcoin (BTC) and Ethereum (ETH). The report notably refers to Ethereum as “digital oil,” emphasizing its crucial role in the evolving digital economy.
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.