Hong Kong Monetary Authority


Policy

Hong Kong to Require Stablecoin Licensing as Early as This Year

Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.

Hong Kong regulator pushes for tougher crypto regulations. (Chester Ho/Unsplash)

Opinion

Why Hong Kong Is Pushing for Its Own Central Bank Digital Currency

As a global financial hub, Hong Kong has a vested interest in shaping the development of CBDCs and especially the systems in which they will transact across borders. But the U.S. should be concerned by its lack of full independence from mainland China.

(DALL-E/CoinDesk)

Policy

Hong Kong Wants to Be a Crypto Hub Again

Though the city’s regulator has set a high bar for companies to operate at present, the door is open for the further relaxing of rules.

HONG KONG, CHINA - AUGUST 06: Traffic at a main road of a shopping district on August 06, 2022 in Hong Kong, China. Hong Kong's economy contracted consecutively for the last two quarters in a row due to weak exports and investment as it struggles with pandemic-induced restrictions. (Photo by Anthony Kwan/Getty Images)

Policy

Hong Kong Government Reconsiders Stance on Virtual Asset ETFs, Tokenized Securities, Retail Investors

The government says it's ready to engage with virtual asset service providers and invite them to the city.

Hong Kong FSTB Secretary Christopher Hui talks to co-founder of Animoca Brands Yat Siu at Hong Kong FinTech Week. (Lavender Au/CoinDesk)

Policy

CBDCs Can Work With Stablecoins, Central Bank Trial Finds

The Hong Kong Monetary Authority claims its retail central bank digital currency prototype safeguards flexibility and privacy.

Hong Kong (Kanok Sulaiman/Getty Images)

Videos

3AC Foreclosure Concerns Grow; Fed Boost Short Lived

BlockFi is reportedly among those that liquidated Three Arrows Capital positions. Fed boost to crypto market proves short lived. Huobi to exit Thailand permanently on July 1. Hong Kong Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity. China media watchdog: NFTs are digital publications and need to be censored. Should NFT collectors be buying insurance? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Videos

Hong Kong Eyes CBDC; Aussie Millennials Favor Crypto vs. Real Estate

The Hong Kong Monetary Authority to launch a study into digital currency feasibility. Survey finds Australian millennials favor investing in crypto over real estate and holding bank accounts. UNICEF Innovation Fund picks seven blockchain startups for funding.

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