The Hong Kong Monetary Authority launched its e-HKD Pilot Programme last Thursday. The scheme will involve 16 firms from the finance, payments and technology sectors, including Ripple, which will showcase a real estate tokenization solution.
Hong Kong’s recent proposals for a crypto-friendly licensing regime in the region have seen Chinese state banks offering their services to the city’s crypto companies, despite a blanket ban on the mainland.
The Hong Kong Monetary Authority launched its e-HKD Pilot Programme last Thursday. The scheme will involve 16 firms from the finance, payments and technology sectors, including Ripple, which will showcase a real estate tokenization solution.
Hong Kong’s recent proposals for a crypto-friendly licensing regime in the region have seen Chinese state banks offering their services to the city’s crypto companies, despite a blanket ban on the mainland.
The Hong Kong Monetary Authority has published a study indicating stablecoins not only transmit but also magnify crypto volatility effects on traditional financial markets.
Hong Kong will abandon the previously proposed limiting of crypto trading to professional investors and will now consider allowing individuals to operate in crypto exchanges. These steps should help achieve the goal of becoming an international crypto hub.
