Expert Suggests Thailand Adopt Blockchain Faster, Catching Up With Singapore, Hong Kong
Alex Tapscott, CEO of Blockchain consulting firm Northwest Passage Ventures, urges both businesses and regulators in Thailand to adopt Blockchain to cope with the Internet’s rapidly growing user base and startups. At the “Blockchain Revolution” seminar hosted by Total Access Communication in Bangkok, Tapscott emphasized the potential of Blockchain within the conventional financial industry, which could save banks and financial institutions blns of dollars in annual expenditures, such as maintenance fees. Tapscott stated: “There are things you can do with Blockchain technology that was not....
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Following the recent hack at Hong Kong-based digital currency exchange Bitfinex, the Hong Kong Monetary Authority (HKMA) is considering whether or not to supervise the cryptocurrency, according to an expert. CCN recently reported that around 120,000 bitcoins valued at approximately $65 million were stolen after a breach of security saw the bitcoin exchange shutting down its website. Now, though, it looks like the HKMA could shift its attention to bitcoin and how it’s regulated. Speaking to Out-Law.com, Hong Kong-based technology law expert Paul Haswell of Pinsent Masons, said that the HKMA....
The Ethereum venture studio said it will work on implementing Hong Kong and Thailand's cross-border CBDC.
One of the four cities that will be the “hotbeds” of the blockchain financial services is Hong Kong as the technology is expected to be implemented by banks and other financial institutions within three years. That’s according to the director business development and strategy, Cloud + Enterprise at the U.S. tech giant, Microsoft, Marley Gray. The other cities are London, New York, and Singapore. A report by South China Morning Post quotes Gray as saying that these cities “are the anchor points in which blockchain will be solved, and it will just grow from there.” Blockchain is New in Hong....
The president and chief operating officer of Nasdaq, Adena Friedman, has said that it is hoping to share information with the Hong Kong Stock Exchange on its blockchain technology, according to a report from the South China Morning Post. According to Friedman, it has become a priority for the New York-based Nasdaq to work with the Hong Kong Stock Exchange. Last month, the Hong Kong Monetary Authority (HKMA) announced that it was setting up a Fintech Innovation Hub and a Supervisory Sandbox enabling banks to conduct proof of concept trials and services. It is hoped that this will boost the....
Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....