Advanced Blockchain Technologies
BIS, Goldman Sachs, HKMA test tokenized green bond project Genesis 2.0
Genesis 2.0 aims to explore tokenized carbon credits and IoT facilities to monitor green bond issuers' emission-reducing commitment.
Ningwei Qin
Lens
Hong Kong
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Altcoins
Hong Kong, BIS explore CBDC-backed stablecoins in retail prototype
The BIS Innovation Hub Hong Kong Centre has completed its CBDC study, Project Aurum, which examined the feasibility of intermediated CBDCs and CBDC-backed stablecoins.
Timmy Shen
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Regulation
First Digital Trust says HK, Singapore can join hands on crypto initiatives
In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.
Pradipta Mukherjee
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Regulation
One country, two systems? Hong Kong seems set to diverge from China on digital assets
Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?
Dylan Butts
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NFTs and Art
Vincent van Gogh Sites Foundation launches legendary artist into Web3
Non-fungible tokens (NFTs) can be used to preserve and spread fine art and cultural heritage, tapping into new generations of audiences and patrons, said stakeholders.
Dylan Butts
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Crypto Trading and Strategies
Crypto exchange Huobi Global announces advisory board
Crypto exchange Huobi Global announced the formation of a five-member global advisory board after Hong Kong-based asset management firm About Capital Management purchased a majority stake of the exchange. See related article: Huobi looks to sell stake that values exchange at US$3 bln, Bloomberg reports Fast facts See related article: Huobi is third global exchange […]
Ningwei Qin
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Bitcoin News
Aussie laundered stolen retirement funds via Hong Kong using crypto, diamonds
A woman in Melbourne, Australia pleaded guilty on Wednesday to her role in stealing millions of dollars from superannuation (retirement) funds and stock portfolios before laundering the proceeds via Hong Kong through the purchase of cryptocurrency and diamonds, as reported by The Age newspaper. See related article: Australian superannuation and institutions await clarity to invest […]
Lachlan Keller
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Regulation
Hong Kong seeks suitable use case to sell public on retail CBDC: report
The director of Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA), Eddie Yue Wai-Man, said the HKMA will launch a series of trials of its central bank digital currency (CBDC) in testing, the e-HKD, in the fourth quarter this year with banks and technology firms. See related article: Hong Kong needs […]
Ningwei Qin
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Regulation
Hong Kong needs at least two years to build wholesale CBDC: HKMA
The Hong Kong Monetary Authority (HKMA), the city’s de-facto central bank, Tuesday said it concluded its market consultations on technical and policy grounds towards the city’s central bank digital currency (CBDC), estimating at least two to three years to build the wholesale system. See related article: Hong Kong flirts with e-HKD as it talks of […]
Ningwei Qin
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Regulation
Hong Kong encourages firms to bring STO proposals to the SFC
Hong Kong has invited firms interested in security token offerings (STO) to share their proposals with the Securities and Futures Commission (SFC), the regulator’s Fintech department head Elizabeth Wong told digital assets industry representatives last week, according to a press release published on Monday. See related article: Hong Kong regulator: ramp up oversight of virtual […]
Ningwei Qin
