Hong Kong central bank to subsidize companies issuing tokenized bonds
Hong Kong’s government already issued $100 million in tokenized green bonds on Feb. 16 under its Green Bond Programme. Go to Source
Hong Kong Monetary Authority
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Hong Kong warns against crypto firms misrepresenting as ‘banks’
Hong Kong’s central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong. Go to Source
Hong Kong’s Project Ensemble sandbox ready to test asset tokenization
The HKMA’s project is gearing up for more testing after successful initial trials. Go to Source
HK bank supports nation’s regulatory goals with reserve services
This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies. Go to Source
Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization
The HKMA set up Project Ensemble months ago. Now we know why. Go to Source
Hong Kong and UAE central banks collab on crypto rules, fintech development
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.” Go to Source Powered by WPeMatico
Report: UAE Central Bank Implements Digital Currency Strategy
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 solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The … Read more
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
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 countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government … Read more
Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system” while the handling of personal … Read more
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD. Go to Source Powered by WPeMatico
