hong kong-monetary-authority

CDCROP: Victoria Harbour from Peak Hong Kong (anuchit kamsongmueang/Getty Images)
Hong Kong Backs Web3 With $6.4M in Annual Budget
The city's financial secretary will lead a task force dedicated to development of virtual assets.
CDCROP: Victoria Harbour from Peak Hong Kong (anuchit kamsongmueang/Getty Images)

Hong Kong skyline (Ruslan Bardash/Unsplash)
How Hong Kong Is Gearing Up to Regulate Stablecoins
Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.
Hong Kong skyline (Ruslan Bardash/Unsplash)

AI Artwork Hong Kong Network (DALL-E/CoinDesk)
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
A tweet suggesting the city will make crypto fully legal for all citizens is a misreading of the legislation.
AI Artwork Hong Kong Network (DALL-E/CoinDesk)

CDCROP: Hong Kong, China (Chester Ho/Unsplash)
Hong Kong to Require Stablecoin Licensing as Early as This Year
Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.
CDCROP: Hong Kong, China (Chester Ho/Unsplash)

AI Artwork Hong Kong Network (DALL-E/CoinDesk)
Why Hong Kong Is Pushing for Its Own Central Bank Digital Currency
As a global financial hub, Hong Kong has a vested interest in shaping the development of CBDCs and especially the systems in which they will transact across borders. But the U.S. should be concerned by its lack of full independence from mainland China.
AI Artwork Hong Kong Network (DALL-E/CoinDesk)

CDCROP: Streets of Hong Kong China Hong Kong (Anthony Kwan/Getty Images)
Hong Kong Wants to Be a Crypto Hub Again
Though the city’s regulator has set a high bar for companies to operate at present, the door is open for the further relaxing of rules.
CDCROP: Streets of Hong Kong China Hong Kong (Anthony Kwan/Getty Images)

CDCROP: FSTB secretary Christopher Hui talks to co-founder of Animoca Brands Yat Siu at Hong Kong FinTech Week. (Lavender Au/CoinDesk)
Hong Kong Government Reconsiders Stance on Virtual Asset ETFs, Tokenized Securities, Retail Investors
The government says it's ready to engage with virtual asset service providers and invite them to the city.
CDCROP: FSTB secretary Christopher Hui talks to co-founder of Animoca Brands Yat Siu at Hong Kong FinTech Week. (Lavender Au/CoinDesk)

Skyscrapers at night, Hong Kong skyline
CBDCs Can Work With Stablecoins, Central Bank Trial Finds
The Hong Kong Monetary Authority claims its retail central bank digital currency prototype safeguards flexibility and privacy.
Skyscrapers at night, Hong Kong skyline