The Hong Kong government has released a study that highlighted the need for the region to catch up with its East Asian and Gulf counterparts in terms of web3 development. The study, titled "Development of Web 3.0 Technologies in Selected Places," also suggested using the insights gained to shape Hong ...
Hong Kong's Financial Secretary, Paul Chan Mo-po, has reaffirmed the government's commitment to fostering innovation and technology, particularly in the realm of digital assets. In a statement released on June 18, 2023, on the occasion of Father's Day, Chan Mo-po shared that more than 150 Web3 companies had chosen to ...
Hong Kong's Monetary Authority (HKMA), the central bank and regulator of the region, is reportedly urging major banks like HSBC and Standard Chartered to reconsider their reluctance to accept cryptocurrency exchanges as clients. According to a report by Financial Times on June 15, 2023, sources familiar with the matter revealed ...
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a meeting on May 30, 2023, to discuss collaboration in the development of financial technology and cryptocurrency regulations. The goal of this meeting was to strengthen cooperation and provide the groundwork for collaborative ...
On May 24, 2023, CCTV, a state-affiliated media outlet in China, aired a video on cryptocurrencies. However, the video program was swiftly removed from CCTV's platform the following day, leaving many curious about the reasons behind its removal. The video primarily focused on the latest cryptocurrency regulations in Hong Kong ...
Hong Kong's Chief Executive Officer of the Monetary Authority, Eddie Yue, has announced that the city is open to cryptocurrency companies, but they will abide by its stringent regulations. Yue made these comments while speaking at Bloomberg Wealth Asia Summit on May 9, 2023. China and Hong Kong is known ...
The Hong Kong Monetary Authority (HKMA) issued a circular on April 27, 2023, urging banks to offer their services to cryptocurrency firms. The circular implored authorized institutions to adopt a risk-based approach in their Anti-Money Laundering efforts when providing banking services to corporate customers. Hong Kong's central bank and primary ...
HashKey Group, a Hong Kong-based digital assets provider, today announced its entry into the wealth management market with the launch of its new platform, HaskKey Wealth. The company aims to cater to institutional and professional investors seeking access to virtual assets, citing significant demand from investors as the driving force ...
Gate Group, a leading cryptocurrency exchange, has announced its participation in the first-ever Hong Kong Web3 Festival 2023, scheduled to take place at the Hong Kong Convention and Exhibition Centre (HKCEC) from April 12 to 15, 2023. The company stated in a press release that Edwin Cheung, Business Lead of ...
According to a report, the Bank of China Ltd., the Shanghai Pudong Development Bank, and the Bank of Communications Co. have initiated contact with or begun providing banking services to cryptocurrency companies in Hong Kong. Also, a Chinese bank sales representative reportedly visited the main office of a crypto firm ...
