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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.

Hong Kong warns against crypto firms misrepresenting as ‘banks’

[Nov 15 11:26 AM] Hong Kong’s central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong. 

Hong Kong’s Project Ensemble sandbox ready to test asset tokenization

[Aug 28 4:38 PM] The HKMA’s project is gearing up for more testing after successful initial trials.

HK bank supports nation's regulatory goals with reserve services

[Jul 19 2:03 AM] This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies.

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 to Prepare Stablecoin Legislation as Public Consultation Ends

[Jul 17 6:25 AM] Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.

Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization

[Jun 28 3:17 PM] The HKMA set up Project Ensemble months ago. Now we know why.

Hong Kong-Based Asset Manager VSFG and Value Partners Apply for Spot Bitcoin ETF

[Mar 27 3:13 AM] Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on…

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's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services

[Feb 20 9:09 AM] Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets.

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.

Hong Kong Will Allow Some Tokenized Securities-Related Activities

[Nov 2, 2023 6:34 AM] The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub.

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

[Oct 30, 2023 6:23 AM] A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said.

Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

[Aug 25, 2023 6:18 AM] A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny

[Aug 4, 2023 6:14 AM] The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.

HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

[Jul 31, 2023 3:33 AM] The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report

[Jun 14, 2023 11:57 PM] The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients.

First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In

[May 31, 2023 8:00 PM] The stablecoin is issued by a registered trust owned by First Digital.

Hong Kong and UAE central banks collab on crypto rules, fintech development

[May 30, 2023 9:35 PM] The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay

[May 18, 2023 8:00 PM] The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank…

Ripple Starts Platform for Central Banks to Issue Their CBDCs

[May 18, 2023 4:00 AM] The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

[May 17, 2023 1:16 AM] Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

[Apr 28, 2023 1:54 AM] Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source

[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.

Report: UAE Central Bank Implements Digital Currency Strategy

[Mar 29, 2023 2:30 AM] The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and…

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says

[Mar 24, 2023 9:30 PM] Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union…