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“# Restricting crypto trading to millionaires good for Hong Kong, says official ” Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui…
“# Hong Kong to expand pilots for cross-border use of digital yuan ” The Digital Currency Institute of the People’s Bank of China and the Hong Kong Monetary Authority are quickly moving forward with their joint testing of the use of the digital yuan for cross-border payments. According to Bloomberg, this week, the HKMA staff…
“# Babel Finance raises $40M to expand crypto offerings ” Babel Finance, a Hong Kong-based cryptocurrency financial services provider, has secured $40 million in venture capital financing to expand its offerings to more institutional clients. The Series A investment round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann and…
“#Hong Kong robots help autistic children boost social skills” A Hong Kong professor has developed an educational program using role-playing robots to help children with autism improve their social skills, part of an initiative adopted by non-profit groups and schools. The program, Robot for Autism Behavioral Intervention (RABI), is designed for people with autism between…
“# Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation ” In the waters off Hong Kong International Authorities on April 2, Hong Kong Customs detected suspicious figures offloading cartons from a fishing boat to a nearby speedboat. While the men successfully fled, the authorities reportedly detained the fishing vessel and found there…
“# Hong Kong and China test cross-border digital yuan, says PBoC official ” China has completed its first cross-border pilots of the digital yuan with Hong Kong. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority and the PBoC have conducted technical tests on the cross-border…
“#No Oscars or sensitive art spark Hong Kong censorship fears” HONG KONG — Decisions in Hong Kong not to display a politically sensitive photograph in a museum exhibition and not broadcast the annual Academy Awards for the first time in decades have prompted concerns that Beijing’s crackdown on dissent in the city is extending to…
“# Coinbase handled trades and custody for Meitu’s $90M crypto investment ” Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the U.S.-based crypto exchange said Meitu used its services to execute up…
“# Asia’s MicroStrategy? Meitu drops another $50M on ETH and BTC ” Chinese tech company Meitu has announced the investment of a further $50 million into Ether and Bitcoin, taking its net spend on crypto up to roughly $90 million this month. The Hong Kong and China listed company purchased 386.08 BTC for $21.6 million,…
“#China bans live Oscars broadcasts over Hong Kong documentary” China ordered local media to cancel live broadcasts of next month’s Oscars ceremony and to play down coverage of the event after a documentary on the Hong Kong protests was nominated for an award, according to a new report. The Communist Party’s propaganda department issued the…