2020-1-4 23:36 |
Six virtual banks have joined the Hong Kong Institute of Bankers as corporate members
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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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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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The project, called eTradeConnect, targets Asia and will cooperate with we.trade, a DLT-based financial settlement platform with a focus on Europe.
2018-11-2 20:55 | |
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Most famously known for their cryptocurrency mining ASIC chips, Bitfury is reportedly interested in public on a major stock exchange in 2019, reported Bloomberg on October 25, 2018. The mining company has had talks with global investment banks with countries all through Europe in preparation for a trading debut in Amsterdam, London or Hong Kong.
2018-10-27 21:00 | |
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Crypto-mining giant Bitfury is considering launching an initial public offering; it would be Europe’s first large listing from the cryptocurrency industry. Bloomberg reports Bitfury is in communication with a number of global investment banks as it explores making its trading debut in Amsterdam, London or Hong Kong in 2019.
2018-10-27 20:57 | |
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Bitfury is reportedly in talks with global investment banks regarding its plans to launch Europe’s biggest crypto IPO till date, reported Bloomberg. The cryptocurrency mining startup plans to go public in either Amsterdam, London or Hong Kong, with a tentative valuation anywhere between $3 billion to $5 billion, depending on the market and industry conditions.
2018-10-26 16:28 | |
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Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history.
2018-10-13 15:46 | |
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GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).
2018-10-10 02:10 | |
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Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.
2018-10-10 22:30 | |
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Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.
2018-9-27 22:14 | |
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HSBC Announces Partnership With Blockchain-Based Trade Platform In Hong Kong Cryptocurrency has been a sore subject for banks and other financial institutions for quite some time. There are many banks that have completely rejected crypto, even banning their customers from using their credit card to make purchases on any platform. However, there are other banks […]
2018-7-20 01:18 | |
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Seven international banks have joined the Hong Kong Monetary Authority to create a blockchain-based platform intended to streamline international trade finance, which will pair with a similar platform from the Monetary Authority of Singapore.
2018-7-18 21:27 | |
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The Hong Kong central bank has announced that its official launch next month will include a blockchain-built trade finance platform for logging transactions and credentials, which will therefore be immutable.
2018-7-17 05:00 | |
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The platform is expected to minimize the time and paperwork required in trade finance and supply-chain finance transactions. 21 banks including HSBC and Standard Chartered have already confirmed participation in the project.
2018-7-17 00:52 | |
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According to the Financial Times, Hong Kong’s Central Bank will be testing out a blockchain-based trade finance platform. The platform is linked to 21 different banks which include HSBC and Standard Chartered.
2018-7-17 22:53 | |
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The Hong Kong Monetary Authority (HKMA), the autonomous Chinese territory’s de facto central bank, is poised to launch a live blockchain trade finance platform within two months. “The Trade Finance Platform is a blockchain project initiated by 7 banks in Hong Kong.
2018-7-16 20:37 | |
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Hong Kong’s Monetary Authority is to link 21 banks, including HSBC and Standard Chartered, through a blockchain-backed trade finance platform with the aim of upgrading the $9tn global trade finance industry according to.
2018-7-16 19:30 | |
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Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT
2018-7-16 18:36 | |
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The Hong Kong Monetary Authority is launching a blockchain-based trade finance platform that will link 21 banks to provide a streamlined financial services.
2018-7-16 17:32 | |
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According to the Financial Times, Hong Kong’s Central Bank will be testing out a blockchain-based trade finance platform. The platform is linked to 21 different banks which include HSBC and Standard Chartered.
2018-7-16 09:33 | |
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DeFi’s complexity has long been a barrier to mainstream adoption. Veda, which hit $3.5 billion in TVL within eight months by abstracting that complexity, just raised $18 million to scale its vault system across a broader class of financial platforms.…
Swedish health technology company H100 Group AB has secured $2.2 million in funding led by Blockstream CEO Adam Back to expand its Bitcoin treasury holdings. According to a May 25 announcement, the Stockholm-headquartered firm raised 21 million Swedish krona (approximately…
Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.