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Hong Kong Monetary Authority

Victoria Harbor, Hong Kong (Unsplash)
Finance
Hong kong
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.
Victoria Harbor, Hong Kong (Unsplash)
By Sam Reynolds
Jul 31, 2023 at 9:33 a.m. UTC
Jul 31, 2023
Hong KongHong Kong Monetary Authority
Hong Kong skyline (Ruslan Bardash/Unsplash)
Policy
Regulations
Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report
The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.
Hong Kong skyline (Ruslan Bardash/Unsplash)
By Amitoj Singh
Jun 15, 2023 at 5:57 a.m. UTC
Jun 15, 2023
RegulationsHong KongHong Kong Monetary AuthorityBank of ChinaCryptoCrypto Exchangespayments platform
Sunrise over Victoria Harbor in Hong Kong cityscape (Unsplash)
Markets
Hong kong
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
The stablecoin is issued by a registered trust owned by First Digital.
Sunrise over Victoria Harbor in Hong Kong cityscape (Unsplash)
By Sam Reynolds
Jun 1, 2023 at 2:00 a.m. UTC
Jun 1, 2023
Hong KongHong Kong Monetary AuthorityStablecoin
Users can manage and customize the entire life cycle of the CBDC, including minting, distribution, redemption and destruction. (Ripple Labs)
Policy
Ripple
Ripple Starts Platform for Central Banks to Issue Their CBDCs
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.
Users can manage and customize the entire life cycle of the CBDC, including minting, distribution, redemption and destruction. (Ripple Labs)
By Lavender Au
May 18, 2023 at 10:00 a.m. UTC
May 18, 2023
RippleCBDCHong KongHong Kong Monetary Authority
Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)
Policy
Analysis
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.
Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)
By Lavender Au
May 17, 2023 at 7:16 a.m. UTC
May 17, 2023
AnalysisPolicyHong KongHong Kong Monetary AuthorityBankingBanking Regulation
Hong Kong (Ruslan Bardash/Unsplash)
Policy
Regulations
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.
Hong Kong (Ruslan Bardash/Unsplash)
By Lavender Au
Apr 28, 2023 at 7:54 a.m. UTC
Apr 28, 2023
RegulationsHong Kong Monetary AuthorityHong KongBanking Regulation
Hong Kong (See-ming Lee/Flickr-Creative Commons)
Policy
Regulations
Hong Kong's Central Bank Digital Currency Could Be on Permissioned Blockchain: Source
The regulator of e-HKD has left the implementation of Hong Kong's CBDC to the banks.
Hong Kong (See-ming Lee/Flickr-Creative Commons)
By Lavender Au
Apr 18, 2023 at 5:18 a.m. UTC
Apr 18, 2023
RegulationsHong KongHKMAHong Kong Monetary AuthorityBankCBDCCentral Bank Digital Currencies
Hong Kong (anuchit kamsongmueang/Getty Images)
Policy
Regulations
Hong Kong Backs Web3 With $6.4M in Annual Budget
The city's financial secretary will lead a task force dedicated to development of virtual assets.
Hong Kong (anuchit kamsongmueang/Getty Images)
By Lavender Au
Feb 22, 2023 at 8:35 a.m. UTC
Feb 22, 2023
RegulationsHong KongHong Kong Monetary AuthorityWeb3
Hong Kong (Ruslan Bardash/Unsplash)
Policy
Regulation
How Hong Kong Is Gearing Up to Regulate Stablecoins
Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.
Hong Kong (Ruslan Bardash/Unsplash)
By Lavender Au
Feb 21, 2023 at 7:23 a.m. UTC
Feb 21, 2023
RegulationHong KongHong Kong Monetary AuthorityStablecoinstablecoin regulationStablecoins
Hong Kong (DALL-E/CoinDesk)
Policy
Hong kong
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
A tweet suggesting the city will make crypto fully legal for all citizens is a misreading of the legislation.
Hong Kong (DALL-E/CoinDesk)
By Sam Reynolds
Feb 17, 2023 at 12:00 p.m. UTC
Feb 17, 2023
Hong KongHong Kong Monetary AuthorityChinaRegulation