Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
The regulator invited applicants with a “genuine interest in developing a stablecoin issuance business” to join the sandbox.
Hong Kong
CoinDesk Brings Consensus to Hong Kong
The announcement comes as Hong Kong works to brand itself as Asia’s digital assets trading hub.
Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market
Project Ensemble will “seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money,” HKMA said.
HTX Withdraws Hong Kong Crypto Exchange Application
Hong Kong’s securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.
Hong Kong to Consult on Regulation for OTC Crypto Venues ‘Very Soon’
The Financial Services and the Treasury Bureau will consult on over-the-counter venues like shops and online platforms following the outlets’ role in crypto fraud cases.
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.
Bitcoin ETF Looks Very Likely Given These Bureaucratic SEC Steps
We see a 98% chance of approval in the next couple of weeks and the high likelihood of a Bitcoin rally to follow.
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
Hong Kong Securities Trade Group Proposes Initial Coin Offering Portal
Hong Kong was once a hub for ICOs until regulators cracked down. Times have changed.