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Hong Kong Monetary Authority

Hong Kong speeds up blockchain adoption under new Web3 task force

Wahid Pessarlay

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7 July, 2023

Hong Kong speeds up blockchain adoption under new Web3 task force

The newly minted task force involves key players from the government, private sector, and professionals from academia as they collaborate...

Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

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20 June, 2023

Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

To become the global ‘crypto’ hub, Hong Kong is pushing the three largest banks in the city-state—along with Bank of...

Hong Kong wants public’s input on stablecoin regulation

Wahid Pessarlay

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18 June, 2023

Hong Kong wants public’s input on stablecoin regulation

Hong Kong’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, said the public consultation will form the basis...

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

Wahid Pessarlay

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6 June, 2023

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part of their...

Hong Kong taps HSBC, Visa firms for CBDC trials

Wahid Pessarlay

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24 May, 2023

Hong Kong taps HSBC, Visa firms for CBDC trials

The Hong Kong Monetary Authority’s pilot will explore six categories of use cases, including offline payments, tokenized deposits, and settlement...

Hong Kong regulators warn incoming firms against ‘light touch’ approach

Wahid Pessarlay

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16 May, 2023

Hong Kong regulators warn incoming firms against ‘light touch’ approach

Despite being seen as having a "friendly" stance toward VASPs, Hong Kong reiterates it would push for stringent but "reasonable"...

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