The Hong Kong Monetary Authority (HKMA) has launched a framework to assess banks’ preparedness for quantum-computing threats as the city expands its …
Kong
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Finance
Hong Kong builds a gold and yuan network that sidesteps dollar stablecoins
by shayaanby shayaanStablecoins won over users by making money easier to move, long before the financial world agreed on what they meant. That helps …
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Regulation
Hong Kong Securities Industry Urges SFC to Ease Virtual Asset Rules
by shayaanby shayaanHong Kong’s Securities and Futures Professionals Association has urged the Securities and Futures Commission (SFC) to refine its virtual asset regulatory framework. …
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Regulation
Hong Kong court convicts ex-Wuhan official’s son over HK$64 million laundering scheme
by shayaanby shayaanA Hong Kong district court has rejected Xiao Rui’s claim that part of his money came from selling Bitcoin and found him …
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The latest incremental step in Hong Kong’s ambitions to lead Asia’s tokenised securities market arrived this week with a whitepaper focused on …
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Finance
HKMA Chief Confirms HSBC and Anchor Technology to Launch Stablecoins in Hong Kong This Year
by shayaanby shayaanHong Kong is set to take a significant step forward in digital currency adoption, with the city’s top banking regulator confirming that …
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Finance
Venture Capital Firm Launches XRP-Powered Hong Kong Innovation Program in Partnership with Ripple
by shayaanby shayaanBrinc, a Hong Kong-based venture capital firm, has launched a new $XRP Ledger-based innovation program in partnership with Ripple. The company announced …
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An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly …
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Regulation
Hong Kong introduces 0% capital gains tax on Bitcoin, but the full picture is more nuanced
by shayaanby shayaanHong Kong is making waves in crypto circles with a seemingly jaw-dropping policy: zero percent capital gains tax on Bitcoin. The problem? …
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Regulation
Hong Kong watchdog raids CCB International, China Securities International over IPO misconduct probe
by shayaanby shayaanHong Kong’s Securities and Futures Commission raided the local offices of two major Chinese brokerage arms on May 27, targeting suspected misconduct …