Hong Kong Monetary Authority - News, Articles & Research

Standard Chartered joins Hong Kong stablecoin sandbox

Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.

19 July 2024

Company announcement/crypto

HKMA wins broad support for stablecoin legislation

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued today (17 July) the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong.

17 July 2024

News/payments

Banque de France and HKMA kick off cross-border CBDC project

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

08 July 2024

Company announcement/crypto

HKMA establishes architecture comunity for digital dollar

The Hong Kong Monetary Authority (HKMA) today (7 May) announced the establishment of the Project Ensemble Architecture Community (the Community) to join hands with the industry to shape standards and provide suggestions to support the development of Hong Kong’s tokenisation market.

07 May 2024

News/crypto

Hong Kong invites applications for Phase 2 CBDC pilot programme

Hong Kong's central bank is inviting interested parties to submit applications for Phase 2 of its e-HKD CBDC pilot programme.

14 March 2024

News/crypto

HKMA to pilot CBDC sandbox for tokenised deposits

The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.

07 March 2024

Company announcement/regulation

Hong Kong Monetary Authority and Abu Dhabi Global Market ink fintech MoU

The Hong Kong Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) jointly announced today (22 November) the exchange of a Memorandum of Understanding (MoU) to deepen the ongoing partnership on fintech between the two authorities, particularly in the areas of cross-border trade-related data exchange and business collaboration, with a view to further promoting inclusive and innovative financial services leveraging fintech and data in both markets.

22 November 2023

News/crypto

Mastercard simulates e-HKD for multi-token pilot trials

Mastercard has demonstrated how commercial bank rails could drive adoptions of Central Bank Digital Currencies as part of trials of an e-HK CBDC programme.

07 November 2023

News/crypto

Visa trials tokenised deposits for e-HKD pilot programme

Visa has disclosed the findings of a pilot test of tokenised deposits for B2B payments with HSBC and Hang Seng Bank as part of trials of an e-HK CBDC programme.

02 November 2023

Company announcement/startups

HKMA adds Know Your Customer’s solution to commercial data interchange

Know Your Customer, a leading RegTech provider specialised in Business KYC verification, is delighted to announce the addition of its solution to the Hong Kong Monetary Authority's (HKMA) Commercial Data Interchange (CDI). This collaboration is the latest milestone in the HKMA’s strategy to foster more efficient financial intermediation in the banking system and promote financial inclusion in the region.

20 September 2023

News/crypto

BIS and Israel and HK central banks examine security, privacy and accessibility in CBDC design

The Bank for International Settlements says a joint experiment conducted with the central banks of Israel and Hong Kong proved the feasibility of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash.

12 September 2023

Company announcement/crypto

BIS Project Dynamo develops smart contract prototype for SME finance

A new prototype developed as part of Project Dynamo explored how institutional investors can be encouraged to finance small and medium-sized enterprises (SMEs) through the programmability and transferability of digital trade tokens on a public blockchain.

08 June 2023