Tag: Hong Kong

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector. Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of “breakthrough growth” in the digital technology industry in a recent blog…

The controversial crypto project’s new sign-ups have dwindled, and the numbers pale in comparison to the 2 million sign-ups before the launch of the project. The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25…

Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy. The CEO of the Securities and Futures Commission (SFC) of Hong Kong, Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX in November 2022, stating that crypto trading is an important part of…

Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients. The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges…

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.” Hong Kong and the United Arab Emirates’ (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development. On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the…

The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore. “Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. In a May 30 op-ed for MarketWatch,…