Hong Kong says Cyberport attracted 150 Web3 firms in a year
The country’s financial secretary says state funding and support have helped draw Web3 innovators to the digital hub.
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Hong Kong Pressures Banks to Accept Crypto Exchanges as Clients: FT
Hong Kong’s banking regulator is applying pressure on banks in the city-state, including HSBC and Standard Chartered, to take on crypto exchanges as clients, despite regulatory crackdowns in other parts…
Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.
Hong Kong legislator invites Coinbase to the region amid SEC scrutiny
Hong Kong fosters a favorable environment for industry growth amid its active regulation and dedication to becoming a digital hub.
Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to verify the identities of all customers.
Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
Huobi to Launch Hong Kong Venue on June 1: Report
Huobi Global announced gearing up for the launch of its Hong Kong division on June 1st for users in the city-state. The expansion comes in the backdrop of the Hong…
Crypto Investment Fund HashKey in Talks to Raise $200M at $1B Valuation (Report)
As Hong Kong takes center stage in the regional crypto business, local firms are trying to expand their customer base. One such firm, HashKey Group, is reportedly raising up to…
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