Regulators like HKMA and SFC united with local private sector firms like HSBC and HashKey to support the market of tokenization in Hong Kong.
Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
The regulator invited applicants with a “genuine interest in developing a stablecoin issuance business” to join the sandbox.
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 tokenised money,” HKMA said.
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary
Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
Hong Kong Monetary Authority to Prepare for Retail CBDC
The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.
Hong Kong and UAE central banks collab on crypto rules, fintech development
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
At least one bank is leaning towards developing it on a permissioned blockchain.
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.
Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges
Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money-laundering norms.
Regulators Plan ‘Global Sandbox’ for Fintech Including Blockchain
A number of regulators from across the globe are forming a new alliance to facilitate the development of fintech in cross-border solutions.
Hong Kong’s Blockchain Trade Finance Platform to Go Live By September
The Hong Kong Monetary Authority is poised to launch a live blockchain trade finance platform within two months.
Hong Kong Seeks to Widen DLT Use in Trade Finance
Hong Kong’s banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.