Hong Kong Monetary Authority

Zodia Custody, a cryptocurrency security subsidiary of the British bank Standard Chartered Bank PLC (OTC: SCBFF), announced its expansion into Hong Kong. This move signifies the company's continued efforts to establish a foothold in the Asia-Pacific market. The forthcoming Benzinga's...

Hong Kong's key financial regulator, the Securities and Futures Commission (SFC), released a circular with the Hong Kong Monetary Authority (HKMA) on Oct. 20, acknowledging the rapidly evolving virtual asset landscape and its increasing alignment with mainstream finance. This transformation has...

The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency firms against using the term "bank" or describing their products as "deposits." This move comes amidst growing concerns over potential misrepresentation by crypto businesses, which could mislead...

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) have agreed to collaborate on cryptocurrency regulation and financial technology development, a move welcomed by experts, who say it is a positive development for the global cryptocurrency industry...

Crypto-focused Hashkey Group is reportedly in the preliminary stage of discussions to gather a funding round that could elevate its valuation above $1 billion. This move comes as the Hong Kong-based company aims to capitalize on the city's drive towards digital asset development. Quoting...

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition to establish itself as a leading cryptocurrency center. Meanwhile, in the U.S., banks are tightening restrictions on the digital-asset sector. The Hong Kong...