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Cyberport: Integrating New Technology and Blueprint for a Smarter Hong Kong

Bringing education to Cyberport  Other than the incubation programme provided, Cyberport also has a programme dedicated to encouraging education in the FinTech and blockchain sector. The Cyberport University Partnership Programme (CUPP) is a program created for university students.   “Every year there are 6 out of 11 universities joining us – these are bright students. We will then provide boot camp training for them as … Continue reading Cyberport: Integrating New Technology and Blueprint for a Smarter Hong Kong

Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

The Securities and Futures Commission, Hong Kong’s financial regulator, has set out new regulations for Bitcoin and cryptocurrency exchanges on Nov. 6. Announced by Ashley Alder, Chief Executive of the Hong Kong SFC made an announcement in his speech at the Hong Kong FinTech Week 2019. Following his speech, the SFC also published a new … Continue reading Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

UN Agency Employs Blockchain to Protect Migrant Workers in Hong Kong From Illegal Fees

The International Organization for Migration (IOM)—the United Nations Migration Agency—has announced the launch of a blockchain-based tool designed to prevent migrant domestic workers in Hong Kong from exploitation. The tool was developed in collaboration with Diginex, a blockchain technology company specializing in financial services.    On Dec. 16, in a release published on their page, … Continue reading UN Agency Employs Blockchain to Protect Migrant Workers in Hong Kong From Illegal Fees

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech. Fintech as one of the high priority sectors in Hong Kong In the opening session of … Continue reading FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand published the results in a research report of the Project Inthanon-LionRock, by the two central banks on the application of distributed ledger technology and central bank digital currencies (CBDCs) on cross-border payments. In May 2019, the two authorities signed a Memorandum of Understanding (MoU) … Continue reading Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Bitspark, a blockchain remittance startup based in Hong Kong, recently announced its abrupt closure, stating internal restructuring issues.   The company was co-founded by Bitspark CEO George Harrap and COO Maxine Ryan, a college drop-out in 2014, and quickly became one of the major blockchain-based financial services firm in the Asia Pacific region, serving countries such … Continue reading Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

With 27 mainland Chinese cities on lockdown, insurance providers have been relying on blockchain technology to fast track claims payouts during the coronavirus outbreak,which has taken over 800 lives, surpassing the death toll of the severe acute respiratory syndrome (SARS) in 2003.   Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is … Continue reading Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. … Continue reading Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

Mox Bank Limited, or Mox, will be the name of the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT, and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.” In today’s … Continue reading Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

Former CEO of Hong Kong Listed Company Joins Worldmoney as Shareholder

Worldmoney Financial Blockchain Co., Ltd (“Worldmoney”), the parent company of Blockchain.News, has announced the addition of Mr. Chau Cheuk Wah as a company shareholder. Chau is the former CEO and Executive Director of Universal Technologies Holding Limited (Stock Code: 1026) serving from 2013 to 2019. Chau brings with him over 40 years of experience in … Continue reading Former CEO of Hong Kong Listed Company Joins Worldmoney as Shareholder

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