Hong Kong Stablecoin Hub Ambitions At Risk Following Beijing’s Latest Crypto ...
Hong Kong’s stablecoin hub dreams have reportedly taken a hit after the People’s Bank of China (PBOC) singled out the sector for the first time while reaffirming its long-standing position on the crypto industry. Related Reading: Lazarus Group Tops Global Hack Mentions As Spear Phishing Attacks Surge Beijing’s Latest Warning Targets Stablecoins Legal experts and […]
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The President of Poland has vetoed a controversial bill that aimed to set strict rules on the crypto assets market, following multiple concerns of a startup exodus, “overregulation” of the sector, and stifling market innovation. Related Reading: Hong Kong Stablecoin Hub Ambitions At Risk Following Beijing’s Latest Crypto Warning – Report Poland’s President Vetoes Divisive […]
Hong Kong has postponed its first batch of stablecoin licenses amid money laundering concerns that could warrant stricter KYC rules. Hong Kong Has Delayed Its Initial Batch Of Stablecoin Licenses As reported by Wu Blockchain, citing coverage from Caixin, Hong Kong has postponed the issuance of its first stablecoin approvals, meaning that applicants would be […]
Hong Kong financial authorities have announced that they will soon grant the first, limited batch of stablecoin provider licenses as the review process for applications is almost completed. Related Reading: Cardano Founder Says He’ll Sell A Blackhawk And Lambos, Mothball His Jet HKMA To Grant Limited Stablecoin Licenses Soon On Monday, the Hong Kong Monetary […]
Hong Kong is expected to grant the first batch of stablecoin issuer licenses within two weeks, reportedly choosing HSBC and Standard Chartered as the first companies to obtain the long-awaited approval. Related Reading: Bank Of England Open To Review Stablecoin Ownership Cap Proposal Following Backlash HSBC, Standard Chartered Lead Hong Kong’s Stablecoin Race On Friday, […]
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....