HKMA Stablecoin Regulations to Demand Backing by Underlying Assets

The Hong Kong Monetary Authority (HKMA) was not successful in identifying a location within the core concepts of the regulatory architecture that it indicated that would be appropriate for algorithmic...

Crypto and DeFi could be key to the ‘future financial system’, HKMA CEO says

Regulatory spotlight on the crypto sector has increased over the past few months following the unfortunate events around the collapse of the Terra stablecoin and dramatic fall of some major centralise...

HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC

The Hong Kong Monetary Authority (HKMA) announced joint research with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre for retail Central Ban...

HKMA Seeks Public Consultation for e-HKD Development

In Hong Kong, the local financial regulator has issued a discussion paper to the public, asking for the public opinions about introducing domestic retail central bank digital currency (rCBDC), or e-HK...

‘Crazy’ US sanctions against China, Russia ‘weaponise’ financial markets, threaten to undermine dollar, former HKMA chief Joseph Yam says

The eminence grise of Hong Kong’s banking circles has come out swinging against the United States in an unusual webinar that set a strident tone against the economy with which the city’s c...

Hong Kong Monetary Authority (HKMA) plans to regulate stablecoin reserves

The Hong Kong Monetary Authority is seeking public opinions on rules that would license and supervise stablecoins HKMA is inviting global stablecoin operators to respond The $150 billion stablecoin ma...