News with the tag "HKMA"

The Hong Kong Securities and Futures Commission (SFC) announced on January 27 that it had granted its first crypto operational licenses of 2025 to the crypto exchanges PantherTrade and YAX. The commission’s public records further indicated that the two exchanges were registered under the Hong Kong S...

The initiative will initially focus on tokenized deposits with the HKMA providing support for trials to local banks.

Hong Kong is officially onboard with the OECD’s Crypto-Asset Reporting Framework, promising to roll out a global crypto tax reporting system by 2028. On December 13, the government told the OECD’s Global Forum on Transparency and Effective Exchange of Information in Tax Matters that it will adopt th...

Hong Kong’s government already issued $100 million in tokenized green bonds on Feb. 16 under its Green Bond Programme.

The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On C...

Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong.

HKMA and Brazil Central Bank Partner on Cross-Border Tokenization In a landmark collaboration, the Hong Kong Monetary Authority (HKMA) and Brazil’s Central Bank (BCB) have joined forces to explore cross-border tokenization. Utilizing HKMA’s Project Ensemble and Brazil’s Drex digital currency pilot, ...

The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating.

Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA's standards, including the use of Digital Token Identifiers.

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of a...