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.
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.
The deputy head of the Hong Kong securities watchdog has proposed more stringent regulations for the digital currency trading sector to prevent huge losses.
The Securities and Futures Commission would establish a new Suspected Unauthorized CIS Alert List to document investment arrangements recognized by the regulators.
Binance has shut down derivatives trading for its users in Hong Kong, just a week after taking similar measures in three European countries.
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.
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.
The authorities collectively seized the allegedly smuggled goods worth $3.8 million in the waters off the Hong Kong International Airport.
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
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, 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.