Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. China’s financial watchdog just threw cold water on Hong Kong’s red-hot tokenization boom, quietly advising major brokerages to pump the brakes on their real-world asset business. The move sent Hong Kong stocks tumbling and exposed the delicate dance…
The Hong Kong Monetary Authority (HKMA) cautioned investors that no stablecoins pegged to the offshore yuan had been approved for issuance in the city, as regulators sought to temper the frenzy surrounding digital assets. In a statement published on WeChat on Wednesday, the HKMA refuted claims circulating on social media that the first offshore yuan-pegged…
Organized & Edited by: ChainCatcher HK Observation Team Today, BNB Chain held its fifth anniversary event in Hong Kong, and CZ is back! Regarding the development of Web3 in Hong Kong, his overall feeling is that Hong Kong is currently supportive of innovation and is doing well in attracting new industries to enter this space….
Leather goods manufacturer China International Development Corporation (CIDC) has invested HK$100 million (US$13.9 million) to acquire a 20 per cent stake in Hong Kong-based asset tokenisation start-up NVT, signalling growing enthusiasm for digital assets in the city. The partnership would allow CIDC to use NVT’s tokenisation infrastructure, positioning itself as a “global first mover” in…
Hong Kong’s Financial Secretary Paul Chan outlined plans for a second digital asset innovation push in a blog post over the weekend. After the first policy statement in 2022 formalized its approach to cryptocurrencies, it is planning to announce its future strategy soon. It sounds like the focus could be on digital securities and tokenized…