Hong Kong

China’s digital currency to connect Hong Kong, China’s trade finance blockchains

Linking trade finance blockchains China’s trade finance blockchain, also known as the ‘Bay Area Trade Finance Blockchain Platform” (BATFB)’, was built in conjunction with the Digital Currency Institute. As we reported four months ago, it had processed $4.5 billion (30 billion Yuan) and had 28 bank members since its launch in September last year. Now, […]

Hong Kong, rule of law and the free market

In general, Hong Kong has a reputation as a reliable and predictable non-interventionist regulator. Most rules are clearly laid out and easy to comprehend and follow for people with little legal training (like me). Rules rarely contradict each other and while government agencies do not closely coordinate with each other or share common goals, there […]

Hong Kong to Educate Public on Crypto and ICOs

Hong Kong authorities have launched a campaign to educate the public on the risks associated with ICO and cryptocurrency investment. Kicking off yesterday, the campaign started on Jan. 29 and was launched by the government’s Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), a subsidiary of the Securities and Futures Commission […]

Hong Kong Recession Pushing More Citizens Towards Bitcoin – Fact or Hype?

As Hong Kong stares into what appears to be a major economic crisis in the making, a sizeable chunk of the population may be counting on Bitcoin to help them get through the tough times ahead. Given that no immediate reprisal seems forthcoming, odds are high their dependence on the digital asset is likely to […]

Hong Kong Digital Cryptocurrency Company Seeks IPO In US

According to reports in foreign media, Hong Kong digital cryptocurrency and blockchain service company Diginex will be listed in the US with a share exchange agreement with 8i Enterprises Acquisition, a special purpose acquisition company. On the completion of the transaction, Diginex will be listed on Nasdaq; meanwhile, Diginex’s anticipated initial enterprise value will be […]

Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype

Under a two-tier issuing system, the Hong Kong Monetary Authority will work with banks as the issuer and distributor of its digital currency Hong Kong and Thai central banks are exploring blockchain-backed digital currencies to facilitate quicker payment in bilateral trade, at US$19.6 billion in 2018 The monetary authorities of Hong Kong and Thailand are […]

SFC warns of cryptocurrency risks

The Securities and Futures Commission (SFC) once again alerts investors to the potential risks of dealing with cryptocurrency exchanges and investing in initial coin offerings (ICOs). Following a statement on ICOs released on 5 September 2017 (Note 1), the SFC has taken regulatory action against a number of cryptocurrency exchanges and issuers of ICOs. The […]

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