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47 Results from "Hong Kong Monetary Authority"

/regulation

Hong Kong Monetary Authority fines Fubon Bank HK$4m

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

/regulation

Hong Kong regulator launches tokenisation pilot

The Hong Kong Monetary Authority (HKMA) has started the second phase of its digital Hong Kong dollar pilot study.

/crypto

Standard Chartered joins Hong Kong stablecoin sandbox

Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.

/payments

Banque de France and HKMA kick off cross-border CBDC project

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

/crypto

Hong Kong invites applications for Phase 2 CBDC pilot programme

Hong Kong's central bank is inviting interested parties to submit applications for Phase 2 of its e-HKD CBDC pilot programme.

/crypto

HKMA to pilot CBDC sandbox for tokenised deposits

The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.

/crypto

Mastercard simulates e-HKD for multi-token pilot trials

Mastercard has demonstrated how commercial bank rails could drive adoptions of Central Bank Digital Currencies as part of trials of an e-HK CBDC programme.

/crypto

Visa trials tokenised deposits for e-HKD pilot programme

Visa has disclosed the findings of a pilot test of tokenised deposits for B2B payments with HSBC and Hang Seng Bank as part of trials of an e-HK CBDC programme.

/crypto

BIS and Israel and HK central banks examine security, privacy and accessibility in CBDC design

The Bank for International Settlements says a joint experiment conducted with the central banks of Israel and Hong Kong proved the feasibility of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash.

/crypto

Hong Kong to run e-HK CBDC trials with 16 firms

The Hong Kong Monetary Authority has selected 16 firms to participate in trials of an e-HK CBDC pilot programme.

/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

/crypto

CBDCs can work with private stablecoins - research

A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.