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Financial institution completes tokenized deposit test in Hong Kong
Financial Institution

Hong Kong Financial Institution Achieves Tokenized Deposit Test Milestone in Sandbox

A local Hong Kong bank has successfully completed a pioneering tokenized deposit test in collaboration with the SFC. This test lays the foundation for real-time settlement of tokenized funds and cu...

fintechZA Bank virtual asset trading service in testing phase.

ZA Bank Launches Sandbox Testing for Virtual Asset Trading Service

ZA Bank has initiated sandbox testing for its virtual asset trading service, aiming to offer safe and reliable trading for retail investors in Hong Kong. This move fosters financial technology grow...

Fintech WeekHong Kong Fintech Week 2023 highlighting virtual assets tax concessions

Hong Kong Explores Tax Concessions for Virtual Assets at Fintech Week

Hong Kong's Secretary Christopher Hui proposes tax concessions for virtual assets to attract institutional investors. This development was shared during Fintech Week 2023, expanding previous tax br...

fintechHong Kong SFC's vision for fintech ecosystem with various digital financial icons.

Hong Kong SFC Unveils Strategic Vision for Fintech Ecosystem Growth

The Hong Kong Securities and Futures Commission (SFC) unveils its vision for fintech growth, implementing swift licensing for virtual asset platforms while collaborating with local government for r...

CryptocurrencySouth Korean man involved in USDT fraud case in Hong Kong.

South Korean Man Defrauded in Hong Kong USDT Transaction

A South Korean man was reportedly scammed in a suspected fraud involving a USDT purchase in Hong Kong. After paying 700,000 HKD, he did not receive the cryptocurrency, leading to police investigati...

AI RegulationHong Kong Securities Regulator discussing crypto and AI regulations with Asia-Pacific regulators.

Hong Kong Securities Regulator's Insights on Crypto and AI Regulation in the Asia-Pacific

The Hong Kong SFC discusses regulations for crypto assets and AI with 12 Asia-Pacific counterparts, focusing on emerging technologies and their market impact. The meeting promotes collaboration and...