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Hong Kong central bank to subsidize companies issuing tokenized bonds

[Nov 29 5:59 AM] Hong Kong’s government issued $100 million in tokenized green bonds on Feb. 16, 2023, under its Green Bond Programme.

HKMA Project Ensemble partners with Brazil, Thailand for tokenization

[Oct 28 6:29 PM] The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating. 

Hong Kong to align crypto OTC derivative rules with European standards

[Sep 27 7:51 AM] Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA's standards, including the use of Digital Token Identifiers.

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

[Sep 26 2:30 AM] The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as…

Hong Kong’s e-HKD project expands into tokenization, programmability

[Sep 23 8:02 PM] The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

Are we moving to decentralization? Animoca’s Yat Siu thinks so

[Aug 30 10:44 AM] In a recent podcast, Yat Siu discusses how Web3 and digital property rights will redefine the internet’s future.

Hong Kong issues generative AI guidelines for consumer protection

[Aug 20 8:14 AM] The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

Hong Kong launches generative AI Sandbox for finance sector

[Aug 14 10:48 AM] The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.

Hong Kong to enhance digital asset regulation in 18 months

[Aug 11 12:19 PM] By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions.

Stablecoin pegged to Hong Kong dollar unveiled

[Jul 24 5:34 AM] Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements.

Animoca, Standard Chartered team up in HKMA stablecoin sandbox

[Jul 18 2:40 PM] The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox.

Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants

[Jul 18 6:11 AM] In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations.

Hong Kong unveils new stablecoin licensing regime

[Jul 17 5:32 AM] The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.

Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms

[May 28 4:58 AM] Hong Kong's Securities and Futures Commission (SFC) will conduct on-site inspections of those crypto trading platforms interested in continuing to pursue their licensing applications as a key deadline looms, the regulator announced Tuesday.

Crypto exchanges exit Hong Kong license race ahead of May deadline

[May 21 5:18 AM] The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline.

China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally

[May 17 9:45 AM] The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster…

Mastercard, Standard Chartered test tokenized deposit transaction

[May 15 1:57 PM] Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account.

Hong Kong central bank forms community to explore assets tokenization

[May 7 7:36 AM] Regulators like HKMA and SFC united with local private sector firms like HSBC and HashKey to support the market of tokenization in Hong Kong.

Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers

[Apr 8 11:25 PM] ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for…

Hong Kong Launches Second Phase of Its CBDC Pilot Program

[Mar 19 3:30 AM] The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including…

Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

[Mar 12 3:59 AM] The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

[Mar 8 8:30 PM] The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in…

Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market

[Mar 7 5:27 AM] Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.

Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports

[Jan 29 3:54 AM] Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.

Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation

[Dec 28, 2023 6:30 AM] Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the…

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

[Dec 27, 2023 4:13 AM] The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say

[Dec 22, 2023 5:35 AM] The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.

​​JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary

[Nov 1, 2023 10:23 PM] Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.

Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products

[Oct 22, 2023 9:30 PM] The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities…

Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project

[Oct 11, 2023 5:30 AM] The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents…