Hong Kong
Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill
The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed the Virtual Asset User Protection Act, marking the country's first step towards building a legal framework for virtual assets. "The Hash" panel discusses the state of crypto regulation in the U.S. compared to the rest of the world.
Hong Kong Sets Up Task Force for Web3 Development
Hong Kong wants to be a Web3 hub , Financial Secretary Paul Chan said.
What New York Can Learn From Hong Kong in Regulating Crypto
A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.
Don’t Overlook Tokyo and Hong Kong as Crypto Hot Spots
The two Far East financial hubs take a comprehensive approach to overseeing crypto, and are likely to attract businesses from around the world. They don’t appear on CoinDesk’s Crypto Hubs 2023 ranking of the 15 best places to live and work for crypto professionals, but they should not be ignored.
Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News
HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were first listed on the Hong Kong Stock Exchange back in December.
Neil Tan: Hong Kong’s Crypto Push
Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.
Hong Kong Pressures 3 Major Banks to Take On Crypto Exchanges as Clients: Report
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients, according to a report from the Financial Times. "The Hash" panel weighs in on the state of crypto in the city.
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.
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.
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, according to a Friday report.
