China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital […]

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that it interfered in forex markets […]

Hong Kong University of Science and Technology to Build Metaverse Campus

Hong Kong University of Science and Technology to Build Metaverse Campus

The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes like they were in the same space. The virtual […]

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related financial products and solutions, and technologies that enable seamless consumption of art.” Christie’s Ventures to […]

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With […]

Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’

Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’

During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of NFT interest. The research further suggests […]

Hong Kong Issues STO Regulations

Hong Kong Issues STO Regulations

This week, The Securities and Futures Commission of Hong Kong issued guidelines for the operations of security tokens. The Securities and Futures Commission of Hong Kong (SFC) used the guidelines to clarify what constitutes a security token. The approach used is largely in tandem with the United States Securities and Exchange Commission’s (SEC) standpoint. To … Continued

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Is The Blockchain Industry Topping Out?

Is The Blockchain Industry Topping Out?

Looking for your favorite sh*tcoin to moon again like back in January? Odds are that’s not going to happen — and Ethereum co-founder Vitalik Buterin agrees. According to Buterin, cryptocurrencies have previously been primarily about trying to gain recognition. Now, you’d be hard pressed to find someone who hasn’t at least heard of Bitcoin. They’ve … Continued

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