Hong Kong | ForkLog

ForkLog 9 13.05.2021

Hong Kong and China to expand testing of the digital yuan in cross-border payments

Hong Kong authorities are in talks with China to expand testing of the digital yuan (e-CNY) in cross-border transactions.

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ForkLog 15 22.04.2021

Huobi raises $50 million for four crypto funds

The Huobi exchange, via Huobi Asset Management, the unit of Hong Kong-listed Huobi Technology Holdings, attracted $50 million into four crypto funds. This was reported by journalist Colin Wu. On April 22, the largest Chinese exchange Huobi HK company launched its asset-management service to three private equity funds that invest in BTC and ETH and one in mining. It has received $50 million and will reach $100 million in the third quarter of this year.

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ForkLog 37 21.04.2021

PwC: Bahamas and Cambodia Lead CBDC Development Ahead of China

Bahamas and Cambodia lead CBDC development, ahead of China, according to PwC.

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ForkLog 11 05.04.2021

Hong Kong seizes 300 smuggled Nvidia CMP HX mining GPUs

Hong Kong's Customs and Excise Department detained a fishing dhow carrying 300 Nvidia CMP HX mining GPUs.

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ForkLog 4 29.03.2021

In Hong Kong, Bitcoin ‘sellers’ stole nearly $500,000

In Hong Kong, criminals robbed two employees of a currency exchange company during a Bitcoin purchase worth 3.85 million Hong Kong dollars (about $495,000 at the time of writing).

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ForkLog 12 04.03.2021

Huobi to launch three cryptocurrency funds in Hong Kong

Huobi, through its Hong Kong-registered subsidiary Huobi Technology Holdings, plans to launch three cryptocurrency funds. This was reported by journalist Colin Wu.

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ForkLog 8 25.02.2021

People’s Bank of China and UAE central bank join Hong Kong–Thailand CBDC bridge project

The Hong Kong Monetary Authority and the Bank of Thailand announced the joining of the People’s Bank of China (PBOC) and the Central Bank of the UAE to the second phase of the CBDC Bridge project. The project was previously known as Inthanon-LionRock. Under the initiative, a proof of concept will be developed for using distributed ledger technology in real-time cross-border multi-currency payments. The creators of the new 'bridge' plan to expand the project by attracting more monetary regulators, primarily from Asia. Organisers expect that, through joint efforts, cross-border transfers will be more efficient, cheaper, and less complex in terms of regulatory compliance. If successful, the 'bridge' could be used in international trade settlements and capital market operations. Earlier, the HKMA and the Bank of Thailand had determined that the CBDC would be based on {{AOPEN_1}}a solution based on the second-largest cryptocurrency by market capitalization{{ACLOSE_1}}, and their partner would be the Ethereum studio ConsenSys. In December, ForkLog reported that the HKMA was discussing with the PBOC {{AOPEN_2}}testing the digital yuan in cross-border payments{{ACLOSE_2}}.

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ForkLog 8 19.02.2021

Hong Kong plans to ban retail investors from trading Bitcoin

Hong Kong authorities have tabled a legislative proposal that would ban retail investors from trading Bitcoin and other cryptocurrencies, and would require exchanges to obtain licences, according to 8btc.

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ForkLog 6 19.01.2021

Cryptocurrency trader robbed of $448,700 in Hong Kong

After a cryptocurrency sale, a Hong Kong woman was robbed of $448,700. The South China Morning Post reported this.

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ForkLog 7 24.12.2020

Bitcoin ATMs in Hong Kong Face Threat From Expanded Regulatory Restrictions

The Hong Kong Securities and Futures Commission (SFC) is examining expanding regulatory restrictions, including a ban on servicing retail clients by bitcoin exchanges. The ban could also cover purchases of digital assets in crypto ATMs, according to the South China Morning Post.

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ForkLog 12 07.12.2020

People’s Bank of China and Hong Kong to deploy the digital yuan in cross-border payments

The Hong Kong Monetary Authority (HKMA) is discussing testing the digital yuan with the People's Bank of China. The asset is planned for use in cross-border payments, CoinDesk reports.

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ForkLog 8 03.11.2020

Hong Kong to extend regulation to all cryptocurrency exchanges

The Hong Kong Securities and Futures Commission (SFC) will extend regulatory requirements to all bitcoin exchanges, Reuters reports.

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