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SFC fines Mega International Commercial Bank with almost EUR 850.000

News | Payments General | 11 May 2020

The Securities and Futures Commission (SFC) has announced that it has reprimanded and fined China-based Mega International Commercial Bank (MICBC).

SFC, Mega International Commercial Bank, MICBC, Hong Kong Monetary Authority, HKMA, CISs, banks, China

Tencent builds virtual bank after receiving Hong Kong license

News | Online & Mobile Banking | 12 Nov 2019

Tencent has announced opening a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission approved a new license.

Tencent, Hong Kong, blockchain, Hong Kong Securities and Futures Commission, Commerce Bank of China, ICBC, SFC, virtual bank, digital bank, online banking, banking license