Hong Kong
HashKey OTC Gets In-Principle Nod for DPT Services in Singapore
HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide
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Alchemy Pay Now Supports AlipayHK, DANA, QRIS, and GCash for NFT Purchases
Alchemy Pay, a Singapore-based provider of fiat-crypto payment solutions, has expanded its services in Hong Kong and Southeast Asia through the integration of popular regional payment platforms into its NFT Checkout. This includes AlipayHK, Indonesian digital wallet DANA, Quick Response
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CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024
The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This initiative includes various projects, each focusing on financial technology and security aspects. Green Finance In 2024, the BIS Innovation Hub, Singapore
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Hong Kong’s Statrys Expands to Singapore to Simplify Company Incorporation
Hong Kong-based fintech firm Statrys has announced the roll out of its company incorporation services in Singapore. This move is part of the company’s strategy to enhance its presence in major business centers across Asia. The process of establishing a
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RBI Discusses CBDCs for Cross-Border Payments with HKMA, US Fed, and SWIFT
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA), the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments. This
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Hong Kong and Thailand Launch New Cross-Border QR Payment System
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have launched the FPS x PromptPay Link, facilitating cross-border QR payments between Hong Kong and Thailand. This service, effective from 4 December, allows travellers to make retail payments
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FOMO Pay Enters Hong Kong Market With Newly Acquired License
FOMO Pay has announced its acquisition of a Money Service Operator (MSO) License from the Hong Kong Customs and Excise Department. This license will enable FOMO Pay to start offering payment and remittance services in Hong Kong, aimed at improving
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Matrixport’s Cactus Custody Taps OneDegree to Upgrade US$50M Insurance
Cactus Custody, Matrixport’s digital asset custodian service provider, has upgraded its US$ 50 million insurance coverage to include crime protection for warm wallets. The insurance is issued by Hong Kong’s digital insurer OneDegree. This means that Cactus Custody’s clients will
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Singapore Overtakes Hong Kong in Digital Banking Adoption
Advancements in technology, changing demographics and supportive regulations are driving the rise of digital banking in Asia, with Singapore and Hong Kong emerging as key players. While both locations have witnessed significant growth in their respective digital banking landscape, adoption
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Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$766M Loss
Hong Kong-based crypto lender Babel Finance has filed applications in the Singapore High Court to buy more time from its creditors for up to six months. The moratorium is intended to allow the restructuring efforts made by Babel Finance in
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