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.
Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund
Bitmain is the world's largest manufacturer of crypto mining rigs.
Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
The SFC's guidelines prohibit crypto "gifts" designed to incentivize retail investments, which likely includes airdrops, and says stablecoins should not be admitted for retail trading until they are regulated.
Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg
The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.
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.
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.
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 Court Declares Crypto as Property in Case Involving Defunct Gatecoin
The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.
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.
HashKey Group to Debut Regulated Exchange in Second Quarter
The exchange will be open to professional investors. HashKey plans to welcome retail users in coming months.
