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Hong Kong's Project Ensemble ready to test asset tokenisatio

News | Cryptocurrencies | 03 Sep 2024

The Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble sandbox, focused on exploring real-world asset tokenisation and interbank settlement using wCBDC. 

digital currency, wholesale CBDC, CBDC, banks, tokenization

HKMA and DPO launch CDI-CDEG linkage to boost data sharing

News | Payments General | 27 Aug 2024

The Hong Kong Monetary Authority and Digital Policy Office have established a CDI-CDEG linkage to augment data sharing for SMEs and boost the digital economy.

digitalisation, banking, SMEs, data sharing, financial data

Hong Kong takes steps to regulate stablecoin issuers

News | Cryptocurrencies | 18 Jul 2024

The FSTB and the Hong Kong Monetary Authority have announced the consultation results on a legislative proposal for regulating stablecoin issuers in Hong Kong.

stablecoin, regulation, regulatory sandbox, cryptocurrency

Hong Kong fines DBS Bank USD1.3 mln for AML law breaches

News | Digital Identity, Security & Online Fraud | 08 Jul 2024

The Hong Kong Monetary Authority (HKMA) has fined the local arm of DBS Bank USD 1.3 million for non-compliance with anti-money laundering law.

money laundering, regulation, compliance, banking, CFT

BDF collaborates with HKMA on new CBDC cross-border opportunities

News | Online & Mobile Banking | 05 Jul 2024

The Banque de France (BDF) has started collaborating with the Hong Kong Monetary Authority (HKMA) on wholesale central bank digital currency (wCBDC) initiatives.

CBDC, tokenization, partnership, central bank, cross-border payments

HKMA and PBoC expand e-CNY pilot for cross-boundary payments

News | Cryptocurrencies | 22 May 2024

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have advanced the e-CNY pilot for cross-boundary payments, expanding its scope in Hong Kong.

cross-border payments, instant payments, real-time payments, digital currency

HKMA reveals a wholesale central bank digital currency project

News | Cryptocurrencies | 07 Mar 2024

The Hong Kong Monetary Authority (HKMA) has revealed a new wholesale central bank digital currency (wCBDC) project.

tokenization, CBDC, digital assets, cryptocurrency

HKMA to launch its IADS platform

News | Online & Mobile Banking | 01 Nov 2023

The HKMA has announced the trial launch of its IADS platform, designed for the secure implementation of open APIs and the acceleration of financial inclusion.

product launch, API, mobile banking, online banking, digital banking, financial services, financial institutions, financial inclusion, banks

Hong Kong wants to establish a stablecoin regulatory regime by 2024

News | Cryptocurrencies | 15 Jun 2023

The Hong Kong Monetary Authority (HKMA) has initiated a public consultation about stablecoins with the purpose of establishing a regulatory regime.

stablecoin, regulation, cryptocurrency, compliance

Hong Kong to introduce new regulations on crypto assets and stablecoins

News | Cryptocurrencies | 01 Feb 2023

The Hong Kong Monetary Authority has revealed its intentions to introduce new regulations on crypto assets and stablecoins.

stablecoin, crypto asset, regulation, compliance

Hong Kong amends AML regulations to include VASP

News | Digital Identity, Security & Online Fraud | 12 Dec 2022

The Legislative Council of Hong Kong has passed a bill to amend the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

regulation, AML, virtual asset, digital assets

Hong Kong Credit Reference Platform launches officially

News | Online & Mobile Banking | 30 Nov 2022

Following a testing period, the Credit Reference Platform of Hong Kong has launched officially in order to improve the service quality of consumer CRAs.

lending, product launch, fintech, credit scoring

Open Banking in Hong Kong: HKMA launches Commercial Data Interchange

News | Online & Mobile Banking | 04 Nov 2022

The Hong Kong Monetary Authority (HKMA) has announced the official launch of the Commercial Data Interchange (CDI), according to an official press release.

Open Banking, data sharing, financial data, central bank, regulation