Samsung Assets Management Co., the investment arm of the South Korean conglomerate is set to list an exchange traded fund (ETF) that tracks blockchain firms in Hong Kong.
The HKMA has issued a discussion paper titled "e-HKD: A policy and design perspective," where it laid out the central banker's thoughts on retail CBDC and invited public opinion.
The Hong Kong government intends to amend the AML and CFT regulations to recognize exchanges legally but plans to limit the platforms’ services only to qualified investors.
Nikkei reports that DeCurret has been unable to compete with major players like bitFlyer and that the holding company will now focus on digital assets.
China has embarked on the second phase of its cross-border central bank digital currency research with Hong Kong, and it expects to link the CBDC to the city’s e-banking system.
Central Bank President Julio Velarde said the government is partnering with countries with more advanced experience in developing its central bank digital currency, such as India, Singapore, and Hong Kong.
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.