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Hong Kong

BIS: CBDCs can slash the cost of cross-border remittances by 50%
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4 October, 2021

BIS: CBDCs can slash the cost of cross-border remittances by 50%

The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE,...
Hong Kong securities regulator wants stricter laws for digital currencies
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11 September, 2021

Hong Kong securities regulator wants stricter laws for digital currencies

The deputy head of the Hong Kong securities watchdog has proposed more stringent regulations for the digital currency trading sector...
Hong Kong securities regulator warns of digital currency investment risks
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4 September, 2021

Hong Kong securities regulator warns of digital currency investment risks

The Securities and Futures Commission would establish a new Suspected Unauthorized CIS Alert List to document investment arrangements recognized by...
Binance halts derivatives trading in Hong Kong following regulatory warnings
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9 August, 2021

Binance halts derivatives trading in Hong Kong following regulatory warnings

Binance has shut down derivatives trading for its users in Hong Kong, just a week after taking similar measures in...
Former Bithumb chair indicted in South Korea amid claims of fraud, false promises
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8 July, 2021

Former Bithumb chair indicted in South Korea amid claims of fraud, false promises

Prosecutors in Seoul have indicted former chairman of Bithumb Holdings Lee Jung-hoon on fraud charges, while a former partner involved...
Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments
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11 June, 2021

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments

While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with...
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