News on licensing, exchange hubs, virtual asset rules, and the city’s evolving role in digital finance.
Hong Kong Monetary Authority published a report to announce its CBDC project, mBridge's key accomplishments, use cases, and areas of improvement.
Cynthia Chung 3 min read 
Arthur Hayes speculates whether greenlighting retail participation in Hong Kong is a sign that China wants crypto back.
Chief Executive HKSAR John Lee mentions a bill for statutory licensing for VASPs and the city's progress in developing its CBDC in his first policy address delivered on Oct.19.
Hong Kong Monetary Authority recently said that crypto will probably play a central role in the financial systems in the future.
The exposure-free retail CBDC the Bank of Israel and the Hong Kong Monetary Authority plan to test is assumed to carry less financial risk for consumers, Bloomberg News reported.
NFTs are subject to the SFC's regulatory remit in Hong Kong as they're shifting from collectibles to financial assets, which the authorities claim is very risky and requires licensing.
Demand for compliant and safe custody services increases as digital asset landscape evolves.
Hong Kong is being assimilated into mainland China which puts the dampers on crypto innovation in the region.
A popular restaurant in the city says the infamous volatility of cryptocurrencies can be a boon for businesses.
