Category: hong kong

Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong begins discussions to introduce stablecoin regulatory framework

The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban. 3883 Total views 53 Total shares Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public […]

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Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report

Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report

According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.” 336 Total views 24 Total shares The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber […]

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Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules. 968 Total views 26 Total shares Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management. HKMA published a discussion paper on Wednesday regarding cryptocurrencies and stablecoins in which it provided its views […]

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