The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence, digital money issued by a sovereign bank can effectively settle in near real-time using distributed...
Worldcoin, the eyeball-scanning digital identity startup co-founded by OpenAI CEO Sam Altman, has been ordered to cease its operations in Hong Kong. Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) said in a Wednesday (May 22) press release that it has directed the organization to stop scanning and collecting iris...
Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...
Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt’s footprint in Latin America and marks its entry into Asia, the provider of custody, trading and onramp capabilities for the crypto economy said in a Wednesday (Jan....
May 29, 2024
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence, digital money issued by a sovereign bank can effectively settle in near real-time using distributed ledger technology (DLT). That fact alone could change a lot […]
July 04, 2023
There will be no fireworks for the digital asset sector this July Fourth. It’s looking like the course du jour being cooked on the grill this Independence Day could be...
April 04, 2023
Real-time payment systems have transformed how individuals and businesses transact and manage their money around the globe by allowing users to transfer funds instantly without needing physical cash or...
July 15, 2016
Hong Kong has a lot going for it — economic strength, stable currency, prime location and a top financial industry. However, the territory has yet to rise through the global...
June 25, 2024
Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has received this year, Bloomberg reported Monday (June 24). It comes from HSBC’s $3 billion “new economy” facility, which is focused on technology and healthcare in Hong Kong and mainland China, […]
May 22, 2024
Worldcoin, the eyeball-scanning digital identity startup co-founded by OpenAI CEO Sam Altman, has been ordered to cease its operations in Hong Kong. Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) said in a...
January 24, 2024
Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt’s footprint in Latin America and marks its entry into Asia, the provider...
January 15, 2024
Singapore-based FinTech ipaymy has launched an automated invoicing platform for small- to medium-sized businesses (SMBs) in Singapore, Hong Kong SAR, Malaysia and Australia. The new Fetch platform is designed to help SMBs get...
