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Hong Kong

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...
BIS partners with Israel, Hong Kong for retail CBDC experiment
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17 September, 2023

BIS partners with Israel, Hong Kong for retail CBDC experiment

The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize...
Swiss SEBA Bank secures in-principle approval for digital asset offerings in Hong Kong
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4 September, 2023

Swiss SEBA Bank secures in-principle approval for digital asset offerings in Hong Kong

Hong Kong Securities and Futures Commision grants SEBA Bank with approval-in-principle to offer digital asset services and is set to...
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...
Web 3.0 and blockchain integration to fuel Hong Kong’s economic growth
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31 August, 2023

Web 3.0 and blockchain integration to fuel Hong Kong’s economic growth

Hong Kong's financial secretary envisions economic growth driven by Web 3 innovations like NFTs and metaverse, urging businesses to adopt...
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