Hong Kong Lawmaker Says E-HKD Has Potential To Be a Stablecoin
Hong Kong should make efforts to encourage the establishment of virtual assets rating agencies, and consider developing the e-HKD, the city’s central bank digital currency (CBDC) in the works, into a stablecoin, a Hong Kong lawmaker said in a recent media interview.
Hong Kong Lawmaker Wants To Turn CBDC Into Stablecoin Featuring DeFi
Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government.
Crypto, Digital Assets Account for 70% of Online Investment Scams in Hong Kong
The Hong Kong Police Force said it received 1,503 online investment scam complaints over the first 10 months of 2022, 70% of which were related to cryptocurrencies, public broadcaster RTHK reported on Tuesday, citing a police press release.
Conflux Network Expands into Hong Kong
Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention.
Conflux Network Expands into Hong Kong
Dr. Ming Wu, Co-Founder of Conflux Network was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments. During the visit, Dr. Ming Wu had an in-depth discussion with the heads and reception staff of various institutions under the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially released in October.
Hong Kong Monetary Authority on Crypto Crush Spillover and Stablecoins
The Hong Kong Monetary Authority has published a study indicating stablecoins not only transmit but also magnify crypto volatility effects on traditional financial markets.
Hong Kong Arrests Two for Suspected Involvement in Digital Asset Fraud on AAX
Hong Kong’s commercial crime investigation bureau on Friday arrested two local men for suspected involvement in digital asset fraud on Atom Asset Exchange (AAX), according to a police press conference.
Hong Kong Accelerator Looking To Help 1,000 web3 Startups in Next 3 Years
A start-up accelerator co-founded by Legislative Council of Hong Kong member Johnny Ng Kit-chong is looking to help 1,000 web3 startups set up shop in the city within the next three years.
HK Legislator’s Firm to Lure 1,000 Web3 Start-ups over 3 Years
A start-up accelerator co-founded by Hong Kong legislative council member Jonny Ng Kit-Chong wants to attract 1,000 Web3 businesses to set up shop in the city-state over the next three years. Ng Kit-Chong is a member of the legislative council for the election committee constituency and has been in office since January this year. The engineer and politician has his finger in a lot of pots as he has declared owning shares in roughly 40 different companies. (Cointelegraph)
Gate Group in Talks With Hong Kong Authorities Over Crypto Policy, Regulation
Gate Group said it discussed Hong Kong’s recent policy statement on virtual assets in a closed-door meeting with the Financial Services and Treasury Bureau (FSTB), the Securities and Futures Commission (SFC) and Invest Hong Kong, according to a company statement.
