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Hong Kong

Hong Kong Monetary Authority skeptical against algorithmic stablecoins
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5 February, 2023

Hong Kong Monetary Authority skeptical against algorithmic stablecoins

In the "Conclusion of Discussion Paper on Crypto-assets and Stablecoins," HKMA confirmed that it received 58 submissions, urging it to...
Digital currency firm Amber reduces employee count in Hong Kong: report
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22 January, 2023

Digital currency firm Amber reduces employee count in Hong Kong: report

Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and...
Samsung’s investment arm keen on offering spot digital currency ETFs to Hong Kong investors
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17 January, 2023

Samsung’s investment arm keen on offering spot digital currency ETFs to Hong Kong investors

Sam Park, CEO of Samsung Asset Management in Hong Kong, expressed optimism that the city-state will soon give the green...
Hong Kong wants retail investors access limited to ‘highly liquid’ products
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15 January, 2023

Hong Kong wants retail investors access limited to ‘highly liquid’ products

The new trading restriction will take effect once the new licensing regime for digital assets passes in June.
Hong Kong moves toward becoming digital currency hub, financial secretary says
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13 January, 2023

Hong Kong moves toward becoming digital currency hub, financial secretary says

Chan noted that under the policies of "grabbing" enterprises and talents, the gov't is actively reducing the tax burden on...
Hong Kong lawmaker wants to convert its planned CBDC to stablecoin
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12 January, 2023

Hong Kong lawmaker wants to convert its planned CBDC to stablecoin

The wider virtual currency ecosystem could gain from converting the planned CBDC to a stablecoin, according to Wu Jeizhuang, member...
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