Hong Kong releases its CBDC whitepaper
The Hong Kong Monetary Authority has released a whitepaper for the e-HKD, outlining the technical aspects of the central bank digital currency as well as policy considerations.
Latest Hong Kong News
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, showing the benefits of central bank-backed digital currency.
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 to prevent huge losses.
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 the regulators.
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 three European countries.
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 with plans to set up a subsidiary exchange in Thailand is suing Bithumb's HK entities.
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 local and global bodies in its CBDC research.
Hong Kong authorities seize allegedly smuggled 300 Nvidia BTC mining GPUs
The authorities collectively seized the allegedly smuggled goods worth $3.8 million in the waters off the Hong Kong International Airport.
China joins Hong Kong and Thailand in CBDC research project
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
BC Technology Group raises $90 million in fresh stock offer
The Hong Kong based group, which runs cryptocurrency exchange OSL, issued 45 million shares at HK$15.50, raising a total of HK$697 million—roughly equivalent to $90 million.
BC Technology Group confirms $90 million funding for digital asset expansion
BC Technology Group, which owns and operates OSL, is hoping to raise the funding at a time of significant growth in demand for digital assets in local and regional markets.
Institutional investment broker OSL receives digital asset trading license from HK regulator
OSL does not provide services to retail investors, with its clientele restricted to institutions, high net worth individuals (over US$1 million and above) and family offices.