Hong Kong Monetary Authority

September to Remember for Tokenized Deposits?
September to Remember for Tokenized Deposits?
September 24, 2024  |  Digital Payments

The last days of the third quarter are upon us, the waning days of the month, too. And it’s shaping up to be a September...

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Hong Kong Kicks Off Wholesale CBDC Project
Hong Kong Kicks Off Wholesale CBDC Project
March 07, 2024  |  CBDC

Hong Kong’s central bank has launched a wholesale central bank digital currency (wCBDC) project. The effort, dubbed “Project Ensemble,” is designed to support a new...

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Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

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Four Countries Test Multi-CBDC Arrangement
Four Countries Test Multi-CBDC Arrangement
October 26, 2022  |  CBDC

The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital...

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Study: CBDCs, Private Stablecoins Can Work Together
Study: CBDCs, Private Stablecoins Can Work Together
October 21, 2022  |  CBDC

The Bank for International Settlements (BIS) and Hong Kong Monetary Authority said they’ve conducted an experiment showing central bank digital currencies (CBDCs) can work in...

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China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
September 29, 2022  |  CBDC

The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and...

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Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
January 12, 2022  |  Cryptocurrency

Hong Kong’s banking regulator is looking hardest at payments-related stablecoins when it comes to regulating cryptocurrencies. That was one of the key points in the...

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Hong Kong Weighs Crypto, Stablecoin Regulations
Hong Kong Weighs Crypto, Stablecoin Regulations
January 12, 2022  |  Cryptocurrency

The Hong Kong Monetary Authority (HKMA) is weighing regulations for cryptocurrencies and stablecoins, with plans to launch a framework by July. The latest move would...

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