Tagged: hong kong

July 7, 2023 @ 11:37 am By Omar Faridi  |  

TOKO, headquartered in Dubai with offices in Hong Kong, is a digital asset creation platform, created in collaboration with DLA Piper and operating within an unparalleled regulatory framework, signs joint business relationship with PwC Hong Kong in order “to offer Blockchain solutions to PwC’s global… Read More

June 26, 2023 @ 7:45 am By Omar Faridi  |  

Hong Kong’s card payments market is “expected to grow by 4.8% to reach HKD1.06 trillion ($136.0 billion) in 2023, supported by an economic rebound and a growing consumer preference for electronic payments,” says GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics,… Read More

June 25, 2023 @ 7:16 pm By Omar Faridi  |  

A provider of digital payment solutions in the Asia Pacific, AsiaPay has announced the partnership with PayMe by HSBC in Hong Kong “to help local merchants provide more flexible payment options in a single device and enhance the purchase experience for consumers.” The partnership will… Read More

June 21, 2023 @ 9:53 am By Omar Faridi  |  

We recently caught up with Valerii Brizhatiuk, Chief Product Officer, Co-Founder at Swisstronik, a layer-1 solution designed to build scalable decentralized applications that ensure users’ data protection and privacy, while remaining in compliance with local regulations. According to the project team, Swisstronik is unique because… Read More

June 18, 2023 @ 12:33 pm By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, announced the expansion of its wealth management services with the launch of their new Featured Fund Platform. WeLab Bank ventured into wealth management business last year, “pioneering a personalized and intelligent investment… Read More

June 3, 2023 @ 10:15 pm By Omar Faridi  |  

IOST is pleased to announce a collaboration with Professor Emil Chan, a Fintech visionary and digital transformation professional. Together, they will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to improving higher education “through innovation.” Their mission is “to establish a leading global education DAO… Read More

May 31, 2023 @ 10:41 pm By JD Alois  |  

On June 1, 2023, new rules regarding digital assets go into effect, which may make Hong Kong a crypto hub. Earlier this month (May 2023), the Hong Kong Securities and Futures Commission (SFC) concluded the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators. According… Read More

May 31, 2023 @ 9:28 pm By Omar Faridi  |  

Rakkar Digital, a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong, is pleased to announce the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody technology. The announcement follows “a USD 10… Read More

May 31, 2023 @ 12:24 pm By JD Alois  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) have announced a move to strengthen policy collaboration on financial services, including digital assets. The announcement was revealed during a bilateral meeting in Abu Dhabi earlier this week. According to… Read More

May 31, 2023 @ 10:59 am By Omar Faridi  |  

ZA Bank, Hong Kong’s virtual bank, unveiled its plan to introduce virtual asset trading services for retail investors. With this move, ZA Bank is set “to support the Hong Kong SAR government’s vision to develop a vibrant sector and ecosystem for virtual assets.” ZA Bank’s… Read More

May 22, 2023 @ 9:31 am By JD Alois  |  

BitMEX says it is ready to apply for a virtual asset service provider (VASP) license in Hong Kong. The license is available under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. BitMEX which has endured several rocky years – most recently firing its… Read More

May 19, 2023 @ 10:58 am By JD Alois  |  

In a speech delivered today, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), announced the pilot program launch of e-HKD or the Hong Kong central bank digital currency (CBDC). According to Yue, 16 companies have been selected to participate in the first… Read More

May 4, 2023 @ 11:17 pm By Omar Faridi  |  

Airwallex, a global fintech platform, is pleased to announce the launch of its Go Global campaign in Hong Kong, “unlocking opportunities for SMEs, ecommerce businesses and start-ups to scale and expand internationally.” Airwallex Hong Kong’s continued growth and development in the market “is evidenced by… Read More

April 11, 2023 @ 4:14 pm By Omar Faridi  |  

Bitget, a crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, “with an initial investment of $100 million.” The fund will “focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting… Read More

March 26, 2023 @ 1:34 pm By Omar Faridi  |  

Checkout.com, the global payments solutions provider, and Mastercard announced that they will make Mastercard Send available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send service – which “powers real-time payments1 for consumers, gig… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 7, 2023 @ 10:17 pm By Omar Faridi  |  

AsiaPay, a provider of digital payment solutions in the Asia Pacific, has launched Visa Instalments in Hong Kong and will further extend to Southeast Asia to provide merchants more flexible payment options and enhance the purchase experience of consumers. Leading a new trend in credit… Read More

February 27, 2023 @ 9:42 am By JD Alois  |  

Hong Kong-based Shanghai Commercial Bank (ShaComBank) has enlisted Salt Edge to help power its open banking services, including PSD2 options, according to a blog post. ShaComBank currently has more than 50 branches in both Hong Kong and mainland China, as well as the United States… Read More

February 21, 2023 @ 10:55 pm By Omar Faridi  |  

The Securities and Futures Commission (SFC) launched a consultation on the proposed requirements “for operators of virtual asset trading platforms.” Under a new licensing regime to take effect on 1 June 2023, all centralized virtual asset trading platforms “carrying on business in Hong Kong or… Read More

February 13, 2023 @ 11:10 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) and the Financial Affairs Office of Nanjing Municipal People’s Government (Nanjing FAO) signed a Memorandum of Understanding (MOU) “to strengthen cooperation, and in particular support Nanjing-based companies that are interested in seeking a listing in Hong Kong.” Under… Read More