Tag: HKMA
Standard Chartered, Animoca, Three Others Join HKMA’s Stablecoin Sandbox as Participants
"During the assessment process, these institutions were able to demonstrate genuine interest in developing a stablecoin issuance business in Hong Kong [...]
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
The regulators confirmed their initial proposal that any person who issues a stablecoin in Hong Kong must obtain a license. While they say keeping res [...]
HKMA, PBoC expand e-CNY pilot
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-bord [...]
Asset Manager VSFG and Value Partners Apply for Spot Bitcoin (BTC) ETF in Hong Kong
Asset manager VSFG, together with its partner, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong’s Securities [...]
HKMA steals march with new wholesale central bank digital currency – Forex Factory
HKMA steals march with new wholesale central bank digital currency Forex Factory
www.forexfactory.com [...]
Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
"Applicants should have genuine interest in developing a stablecoin issuance business in Hong Kong with a reasonable business plan, and their proposed [...]
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenise [...]
HKMA Issues Guidance for Firms Offering Crypto Custody
The collapse of FTX, Terra, and Three Arrows have led authorities to frame regulations or guidance to protect customers from inadequacies in the digit [...]
HKMA, FSTB Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The jurisdiction's central bank, the Hong Kong Monetary Authority (HKMA), and the Financial Services and the Treasury Bureau (FSTB) are seeking feedba [...]
Hong Kong’s SFC, HKMA Say They Will Consider Applications for Spot Crypto ETFs
Hong Kong has been loosening its approach to crypto this year, and the regulators' opinion on retail exposure to digital assets has shifted. In Octobe [...]
HSBC and Ant Group test tokenized deposits under HKMA sandbox
Banking giant Hong Kong and Shanghai Banking Corporation (HSBC) have tested the use of tokenized deposits – from issuance to transfer to redemption – [...]
Central Bank Digital Currency, or e-HKD, Could Add Unique Value, but Further Investigation Is Needed, HKMA Says
The report said the pilot found that an e-HKD could add value in three main areas – programmability, tokenization and atomic settlement – with the pot [...]
Tokenization Could Improve Bond Market Efficiency, HKMA Says After $100M Green Bond Issuance
The bond has created a blueprint for "potential similar issuances in Hong Kong," the report said, adding that the bank intends to explore further appl [...]
Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform
Ripple will participate in the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot pro [...]
Hong Kong Dollar (HKD USD) Traders Ignore HKMA to Stick With FX Carry Bets
Hong Kong’s intervention to support the local dollar has made just a minor dent in traders’ bearish bets, suggesting more liquidity will need to be dr [...]