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Hong Kong Monetary Authority

Hong Kong issues warning against digital asset firms claiming to be banks
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20 September, 2023

Hong Kong issues warning against digital asset firms claiming to be banks

The Hong Kong Monetary Authority warned Virtual Asset Service Providers against using the term “deposits” to describe funds placed with...
Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test
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19 September, 2023

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests...
Hong Kong reaps tokenization gains post-green bonds
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1 September, 2023

Hong Kong reaps tokenization gains post-green bonds

Hong Kong is actively pursuing a comprehensive transition towards distributed ledger technology within its financial markets, motivated by the advantages...
Hong Kong-based Hang Seng Bank limits digital asset companies to simple accounts: report
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10 August, 2023

Hong Kong-based Hang Seng Bank limits digital asset companies to simple accounts: report

The HSBC-owned bank told digital asset firms to use simple accounts as they are struggling to utilize banking services amidst...
Hong Kong, Saudi Arabia team up for tokenization and payments research
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6 August, 2023

Hong Kong, Saudi Arabia team up for tokenization and payments research

The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies,...
Hong Kong speeds up blockchain adoption under new Web3 task force
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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...
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