Hong Kong Monetary Authority
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Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD
Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.
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Hong Kong Banking Shares Dip Amidst UBS's Takeover Of Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city's monetary authority said the sector had "insignificant" exposure to troubled Swiss banking giant Credit Suisse.
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China Busts Biggest Ever 'Underground Bank': Police
Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a case valued at $64 billion, said to be the country's largest ever, according to a police statement.
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Rates Should Come Down, but RBI Final Authority: Jaitley
Making a strong case for a rate cut by the Reserve Bank of India (RBI) later this month, Finance Minister Arun Jaitley on Sunday said monetary policy plays an important role in stimulating growth and said he was hopeful that it will appropriately act with a sense of responsibility on this front.
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Hong Kong Fines SBI for Anti Money-Laundering Lapses
The fine marks the first time the Hong Kong Monetary Authority (HKMA) has taken disciplinary action under Hong Kong's Anti Money-Laundering Ordinance brought into force in 2012.
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Hong Kong Warns Over Digital Currencies Amid Alleged Bitcoin Fraud
The Hong Kong Monetary Authority said in a statement late on Monday that the case "may involve fraud or pyramid schemes."
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Protests Disrupt Hong Kong Travel and Businesses
Pro-democracy protests brought widespread travel chaos to Hong Kong Monday with many schools and businesses shuttered but the city's stock exchange said it would operate as usual.
-
Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
-
HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
-
Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD
Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.
-
Hong Kong Banking Shares Dip Amidst UBS's Takeover Of Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city's monetary authority said the sector had "insignificant" exposure to troubled Swiss banking giant Credit Suisse.
-
China Busts Biggest Ever 'Underground Bank': Police
Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a case valued at $64 billion, said to be the country's largest ever, according to a police statement.
-
Rates Should Come Down, but RBI Final Authority: Jaitley
Making a strong case for a rate cut by the Reserve Bank of India (RBI) later this month, Finance Minister Arun Jaitley on Sunday said monetary policy plays an important role in stimulating growth and said he was hopeful that it will appropriately act with a sense of responsibility on this front.
-
Hong Kong Fines SBI for Anti Money-Laundering Lapses
The fine marks the first time the Hong Kong Monetary Authority (HKMA) has taken disciplinary action under Hong Kong's Anti Money-Laundering Ordinance brought into force in 2012.
-
Hong Kong Warns Over Digital Currencies Amid Alleged Bitcoin Fraud
The Hong Kong Monetary Authority said in a statement late on Monday that the case "may involve fraud or pyramid schemes."
-
Protests Disrupt Hong Kong Travel and Businesses
Pro-democracy protests brought widespread travel chaos to Hong Kong Monday with many schools and businesses shuttered but the city's stock exchange said it would operate as usual.
