Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.
Hong Kong News
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Once known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March.
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More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021.
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An exclusive Cointelegraph interview on tracking down a group of DeFi scammers responsible for the $25 million StableMagnet rug pull.
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The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban.
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According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.”
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Crypto holders want to use their assets to shop, and stores around the globe are starting to take heed.
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Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.
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Five clients reportedly filed police complaints after token withdrawals were apparently halted, leaving them unable to reclaim around $55,000 in cryptocurrency and fiat.
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Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022.
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Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations?
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Insurance and risk management for digital assets will increase investor confidence, said OneDegree.
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The Securities and Futures Commission of Hong Kong has received many requests to approve crypto ETFs for trading.
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