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Bank of China Hong Kong successfully completes cross-border remittance via mBridge.
Bank of China

Bank of China Hong Kong Achieves Milestone with First mBridge Cross-Border Remittance

Bank of China Hong Kong has successfully completed its first cross-border remittance via the mBridge system, marking a historic milestone for efficiency in financial transactions. Discover how this...

Hong KongHong Kong government preparing stablecoin regulations based on public feedback.

Hong Kong Advances Stablecoin Legislation After Public Feedback

The Hong Kong Government has completed a public consultation for stablecoin regulation and is preparing to submit a draft to the Legislative Council by year's end. A second public consultation on O...

Hong KongHong Kong SFC headquarters with focus on cryptocurrency regulation.

Hong Kong SFC Grants Licenses for Virtual Asset Trading Platforms

The Hong Kong SFC has issued three licenses for virtual asset trading platforms while processing 14 more applications. Regulators aim to fast-track approvals and further regulate stablecoins by yea...

Financial InstitutionFinancial institution completes tokenized deposit test in Hong Kong

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...