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Hong Kong Monetary Authority

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CryptoCurrency

HashKey's Full Crypto Licensing Opens Doors for Retail Trading in Hong Kong

  • Hong Kong loosened cryptocurrency regulations in early June.
  • However, until now, there has been a lack of a company with the necessary licenses.
by Damian Chmiel
CryptoCurrency

Hong Kong’s New Crypto Regime Kicks In

  • Crypto exchanges are to limit retail investors to digital assets with a large market cap.
  • Over 80 local and foreign crypto firms are interested in becoming licensed.
by Solomon Oladipupo
CryptoCurrency

Hong Kong to Start Regulating Crypto in June 2023, 80 Companies Want to Join

  • More than 80 companies are waiting in line to join Hong Kong's web3 ecosystem.
  • The region is preparing to launch VA regulations in June 2023.
by Damian Chmiel
CryptoCurrency

Hong Kong Set to Legalize Crypto?

  • Hong Kong wants to offer crypto trading services to retail customers in March 2023.
  • Partial legalization of the industry is expected to attract talent to the City again.
by Damian Chmiel
FinTech

Hong Kong Imposes HK$6M Fine on Commerzbank AG for AML Lapses

  • The offence was committed between April 2012 and June 2016.
  • HKMA said Commerzbank AG has taken 'prompt remedial action'.
by Solomon Oladipupo
News

Hong Kong Central Bank Launches AML RegTech Platform

  • The platform will use Network Analytics to further curb the risks of money laundering.
by Arnab Shome
News

Hong Kong Central Bank Releases e-HKD Whitepaper

  • The central bank will explore the idea of CBDC in domestic and cross-border markets.
by Arnab Shome
News

HKMA, PBoC Initiate Talks for Digital Yuan Testing in Hong Kong

  • The Hong Kong regulator is willing to check the cross-border payment feature of the CBDC.
by Arnab Shome
Executive Moves

HKEX Appoints Brian Lee as MD, Group Head of Technology Risk

  • Lee joins HKEX after 25 years with the Hong Kong Monetary Authority.
by Celeste Skinner
Regulation

HKMA and SFC Update OTC Derivatives Services Provider List

  • The two regulators have proposed eight new entities be included in the list.
by Celeste Skinner
Payments

HK Regulator Issues SVF Licences to Geoswift and Yintran

  • The two companies are likely to offers some form of prepaid card or cash-storage service
by David Kimberley
Regulation

Hong Kong Regulator Issues Another 4 Virtual Banking Licenses

  • The HKMA gave out the its first three licenses in March
by David Kimberley
Regulation

JP Morgan Slapped With $1.6 Million Fine By Hong Kong Regulator

  • The investment bank failed to properly perform due diligence and broke wire transfers rules.
by David Kimberley
News

Bank Blockchain Now Live in Hong Kong

  • The trade finance blockchain is similar to We.trade in Europe, and the two will collaborate.
by Simon Golstein
Executive Moves

Standard Chartered Prepares for Digital Bank in Hong Kong, Appoints CEO

  • Digital banking veteran Deniz Güven has been named as the CEO of the virtual bank.
by Celeste Skinner
News

Hong Kong Banks, Watchdog Announce Joint Blockchain Project

  • Trade finance platform by Hong Kong Monetary Authority and seven banks is intended to modernise trade finance.
by Simon Golstein
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