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virtual assets

Hong Kong a unique proving ground for DeFi, metaverse, HKIMR studies show

by Anas Siddiqui
Hong Kong a unique proving ground for DeFi, metaverse, HKIMR studies show

As the city makes a big push to become a virtual asset and Web3 hub, the reports offer insights for market participants and regulators, locally and internationally, which will help …

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Project mBridge e-currency project involving Hong Kong, mainland China hits landmark

by Anas Siddiqui
Project mBridge e-currency project involving Hong Kong, mainland China hits landmark

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) …

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Crypto exchanges sticking it out in Hong Kong see value in regulator’s ‘safety first’ approach

by Anas Siddiqui
Crypto exchanges sticking it out in Hong Kong see value in regulator’s ‘safety first’ approach

Hong Kong’s restrictive regulatory regime for cryptocurrency exchanges is sending mixed signals after 11 firms moved closer to obtaining a licence, with some optimistic about the city’s “safety first” approach …

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What HKMA’s second experiment with retail e-HKD means for Hong Kong residents

by Anas Siddiqui
What HKMA’s second experiment with retail e-HKD means for Hong Kong residents

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 …

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Ether ETFs jump in Hong Kong in anticipation of US approval for similar crypto products

by Anas Siddiqui
Ether ETFs jump in Hong Kong in anticipation of US approval for similar crypto products

The spot ether exchange-traded fund (ETF) launched by Chinese fund manager ChinaAMC saw more than HK$5 million (US$640,780) in net inflows as of mid-day Wednesday, after reaching HK$3.77 million on …

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Asia-Pacific a money-laundering hotbed: bad actors exploit shell companies, cryptocurrency while AI chases, report says

by Walter Watson
Asia-Pacific a money-laundering hotbed: bad actors exploit shell companies, cryptocurrency while AI chases, report says

Shell companies and a growing market for cryptocurrency have become the new hotbeds for money laundering across the Asia-Pacific region, but new technologies such as artificial intelligence (AI) have emerged …

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Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

by Anas Siddiqui
Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

ZA Bank’s planned expansion into the digital asset sector comes as Hong Kong’s mandatory licensing regime for centralised cryptocurrency exchanges takes effect from June 1. (From left) ZA Bank’s alternate …

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Hong Kong to host major cryptocurrency conference in 2025 as city woos virtual asset firms

by Anas Siddiqui
Hong Kong to host major cryptocurrency conference in 2025 as city woos virtual asset firms

The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong as the city’s government woos global virtual asset businesses in an effort to become …

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Hong Kong’s crypto licensing scheme attracts less interest than Singapore with 24 applicants day after deadline

by Anas Siddiqui
Hong Kong’s crypto licensing scheme attracts less interest than Singapore with 24 applicants day after deadline

With the initial application window now closed, the number of applicants offers the first indication of the industry’s interest in Hong Kong’s bid to become a global crypto hub with …

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Bitcoin remains fast-trending topic on Chinese social media as cryptocurrency’s surging price overcomes stigma of government ban

by Anas Siddiqui
Bitcoin remains fast-trending topic on Chinese social media as cryptocurrency’s surging price overcomes stigma of government ban

Bitcoin’s popularity also increased more than 358 per cent from a day ago on Chinese super app WeChat, according to Tencent Holdings’ official WeChat Index, which tracks keyword traction across …

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