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Hong Kong updated its digital asset strategy regarding stablecoin licensing and tokenization of real-world assets by introducing its LEAP framework for market growth. Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub. The policy statement, issued on Thursday,…
Hong Kong Customs and Excise Department teams up with the University of Hong Kong to build a crypto tracking tool amid a rise in money laundering cases involving digital assets. Hong Kong Customs and Excise Department is partnering with the University of Hong Kong to develop a digital tool to track cryptocurrency transactions in suspected…
Ant International plans to apply for stablecoin licenses in Hong Kong and Singapore, signaling growing fintech interest in regulated crypto payment systems, Bloomberg reported. Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms. Ant International, a Singapore-based unit of the Jack…
Several countries have announced multibillion-dollar plans to build out the world’s crypto hub, but five of the world’s financial centers stand out. Kazakhstan, the Maldives and Pakistan have recently outlined ambitions to position themselves as crypto hubs and build out their digital economies. Historically, these countries haven’t been top of mind for global crypto firms…
Hong Kong police have arrested 12 people tied to a $15 million crypto laundering operation, which was dismantled on the same day. Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported….
Hong Kong’s Securities and Futures Commission has introduced new crypto staking rules as part of its broader effort to position the city as a leading Web3 hub. Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto exchanges offering staking services. In an April 7 announcement, the SFC announced new guidelines for…
In the bustling heart of Hong Kong, where the Tai Kwun Arts and Cultural Center stands as a testament to the city’s rich heritage and modern innovation, ARTA Architects has unveiled the Tai Kwun Chairs. Designed for The Hong Kong Jockey Club, these chairs provide a revolutionary solution to stair seating by combining comfort, modularity,…
As the firm moves to open up The Sandbox Map, co-founder Sebastian Borget said he believes individual creators and brands will ultimately drive what the metaverse of the future will offer. Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The…
Living in a sustainable, conscious, and smart manner has become not only a necessity but our moral obligation and duty toward the planet. Our homes should seamlessly integrate with, and nourish the planet, not drain her resources and reduce her lifespan. Being at one with Planet Earth, while taking rigorous care of her has never…
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month. The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets. On Aug. 30, SEBA Hong Kong said…