A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand and the United Arab Emirates has made a breakthrough by launching its minimum viable product (MVP) …
Traditionally, consumers turn to banks to help fund home purchases, at interest rates based on the amount and length of borrowing. But with the e-HKD, Hong Kong residents could potentially …
The former head of China’s digital yuan initiative is reportedly under investigation for “serious violations of discipline and law.” Yao Qian, the former lead developer of China‘s central bank digital …
BRICS members explore stablecoin payments and a platform to conduct CBDC payments, aiming to enhance financial cooperation, a Russian official says. Stablecoins might become a tool for international settlements among …
Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) …
Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these …
The market for digital assets is poised to take off this year and Hong Kong is best placed to develop it further after putting in place substantial regulatory frameworks and …
“You may still hear noises or perceptions … [that] Hong Kong’s growth as a financial centre is fading,” Yue said. “But if you look at the numbers, they paint for …
The Hong Kong Monetary Authority (HKMA) has asked the public to be vigilant of schemes falsely claiming to be involved in its e-HKD pilot projects, as the city conducts a …
“I think right now in the world, there’s probably only two locations where the regulators somewhat have a plan or vision of how to do this right,” Chen said. “And …