Hong Kong Monetary Authority

Hong Kong harbor skyline view into Kowloon

In January, Harvest Global Investments, a major asset-management company in China, purportedly became the first to apply for a spot-bitcoin exchange-traded fund (ETF) with the...

By Amitoj Singh

Mar 27, 2024 at 9:13 a.m. UTC

Mar 27, 2024

RegulationsSpot bitcoin exchange traded fundSpot bitcoin etfBitcoin ETFHong KongHong Kong Monetary AuthoritySFC

Policy

Regulations

Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market

Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenized money," HKMA said.

By Amitoj Singh

Mar 7, 2024 at 11:27 a.m. UTC

Mar 7, 2024

RegulationsHong Kong Monetary AuthorityHong KongCBDCHKMA

Policy

Regulations

Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services

The HKMA wants authorized institutions to undertake a comprehensive risk assessment followed by appropriate policies to manage identified risks.

By Amitoj Singh

Feb 20, 2024 at 3:09 p.m. UTC

Feb 20, 2024

RegulationsHong KongHong Kong Monetary AuthorityCentral Bankcustodial accountCustody ServicesCrypto

Policy

Hong kong

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.

By Sheldon Reback

Dec 22, 2023 at 11:35 a.m. UTC

Dec 22, 2023

Hong KongHKMASFCHong Kong Monetary AuthoritySecurities and Futures CommissionRegulationETFsBitcoin ETF

Policy

Regulations

Hong Kong Will Allow Some Tokenized Securities-Related Activities

The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub.

By Amitoj Singh

Nov 2, 2023 at 12:34 p.m. UTC

Nov 2, 2023

RegulationsHong KongHong Kong Monetary AuthorityTokenization

Policy

Regulations

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

Hong Kong has not decided whether to introduce an e-HKD, the report said.

By Amitoj Singh

Oct 30, 2023 at 12:23 p.m. UTC

Oct 30, 2023

RegulationsHong Kong Monetary AuthorityHong KongCBDCPilot

Policy

Regulations

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 financia...

By Sandali Handagama

Aug 25, 2023 at 12:18 p.m. UTC

Aug 25, 2023

RegulationsHong KongHong Kong Monetary AuthorityTokenizationBond MarketsGreen financeHKMA

Licensing consultants are charging up to $1 million to advise firms on the application. (Ratnakorn Piyasirisorost/Unsplash)

Policy

Analysis

Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny

The city’s new licensing regime paves the way for exchanges to operate legally and serve retail clients but tough compliance requirements could cost firms as much as $20 milli...

By Lavender Au

Aug 4, 2023 at 12:14 p.m. UTC

Aug 4, 2023

AnalysisRegulationsPolicyHong KongHong Kong Monetary Authority