Category: Hong Kong

Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief

A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11.  Zhou Xiaochuan, who stood down as head of the central bank in 2018 after […]

TrustToken Inc. Launches Hong Kong Dollar-Pegged Stablecoin TrueHKD

TrustToken Inc., the company behind the TrueUSD (TUSD) stablecoin has launched a new digital token pegged one-to-one with the Hong Kong dollar, reports Crowdfund Insider, June 24, 2019. TrustToken Enters the Asian Waters In a bid to tap into the lucrative Asian digital currencies space, TrustToken has launched the world’s […]

Hong Kong: SFC Regulation Mandates Crypto Exchanges to Have their Funds Insured

A new diktat by Hong Kong’s financial watchdog has put the global financial hub’s cryptocurrency exchanges and custodians in a spot of bother as they are now required to fully insure the risks of hacking and theft associated with digital currencies, South China Morning Post reports, June 23, 2019. Crypto […]

Bitmain Shifting IPO Plans to the US on Growing Bitcoin Optimism

Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and […]

Hong Kong Drives Bitcoin Price Up Due to Fears of Mainland Control

A controversial extradition law proposed by the Chinese state has prompted many in Hong Kong to protest by buying Bitcoin, driving the price to a premium high on local exchanges. On Hong Kong exchange Tidebit, Bitcoin has been trading with a premium varying between $75 and $160 over the global […]

Bullish: Bitcoin (BTC) Trading at 2% Premium in Hong Kong Amid Unrest

Bitcoin Sees Seeming Uptick in Adoption in Hong Kong Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or […]