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Hong Kong's Stablecoin Bill announcement and regulatory framework concept.
fintech

Hong Kong's Stablecoin Bill: A New Regulatory Framework

The Hong Kong Government introduces a 'Stablecoin Bill' to regulate fiat-backed stablecoin issuers. Set for its first reading on December 18, the bill aims to enhance oversight of virtual asset act...

Digital EconomyHong Kong's financial technology growth and innovation in fintech sector.

Hong Kong Fintech Sector Grows 15% with Over 1,100 Companies

Hong Kong's fintech sector has seen impressive growth, with over 1,100 companies by October 2023, marking a 15% increase. The government is focused on advancing digital currencies, mobile payments,...

AfricaBitmama logo and Virtual Mastercard services disruption

Bitmama Suspends Virtual Mastercard Services Amid Provider Challenges

Nigerian cryptocurrency exchange Bitmama has halted its virtual Mastercard services due to provider issues, emphasizing the struggles faced by fintech companies in Africa. Challenges include charge...

Banking RegulationsDan Romero discusses banking influence on fintech and crypto policies.

Farcaster Co-Founder Reveals Banking Influence on Fintech and Crypto Regulations

Dan Romero, co-founder of Farcaster, discusses the significant role banks play in shaping fintech and cryptocurrency policies. He describes this influence as 'shadow policy,' revealing the complex ...

fintechHong Kong Fintech Week 2024 announcement of virtual assets platforms licensing.

Hong Kong Expands Virtual Asset Trading Platforms in 2024

During Hong Kong Fintech Week 2024, the SFC announced the licensing of three virtual asset trading platforms, with 15 more in process. This initiative aims to enhance investor protection and integr...

BitcoinU.S. Bitcoin ETF growth chart showing $100 billion assets.

Bitcoin Surges: U.S. Bitcoin ETF Assets Top $100 Billion, Overtaking Gold ETFs

U.S. Bitcoin ETFs have crossed $100 billion in net assets, marking a historic milestone driven by rising investor interest and institutional adoption. With major players like BlackRock leading the ...