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Hong Kong unveils stablecoin consultation results
The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations in Hong Kong take shape.
The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations in Hong Kong take shape.
Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits and has now published a report on its success.
Both Hong Kong and France will explore the interoperability of their wholesale CBDC systems via a regulatory sandbox to strengthen communication and collaboration.
Thomas Moretti heads the nChain product development team behind the app used at ComplexCon Hong Kong. He says the app’s biggest achievement was that nobody knew it was using blockchain.
Christopher Hui had been on a European tour, pushing Hong Kong as the premier Web3 hub with its digital currency ETFs and favorable regulations.
With over 30,000 attendees, ComplexCon Hong Kong was a perfect testing ground for onboarding users into digital collectibles and exclusive rewards on the blockchain.
Luka Topolovec led the development of the ComplexCon Hong Kong event app, which builds on the underlying blockchain technology that was able to scale to meet the needs of thousands of users.
Christine Leong and the nChain team were at ComplexCon Hong Kong as the official tech partner, providing the event’s blockchain mobile app.
Hong Kong’s central bank says that AI is forcing banks to rethink their operations, and some have already redeployed some staff after training them on AI.
While ComplexCon is geared toward music, fashion, and lifestyle, Memeland was a big hit, with its mix of physical and digital setup attracting thousands.
Hong Kong has become the first destination beyond mainland China to allow residents to open digital yuan wallets and make payments at local merchant stores.
As APAC countries navigate the complex landscape of stablecoin regulations, industry stakeholders must tread carefully, balancing innovation and compliance in the market.