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Peru Joins Forces with India, Singapore and Hong Kong to Develop CBCD – Blockchain News, Opinion, TV and Jobs

The president of Peru’s central bank, Julio Velarde, has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency (CBDC). Peru has decided on partnering up with the central banks of these countries, mainly because they are way

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Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies – Bitcoin News

Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market. Onedegree to Underwrite Insurance Policies for Crypto

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Hong Kong firm to offer insurance for Asian cryptocurrency holdings

A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field.Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter's ON1ON custody platform. OneDegree claims to

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Hong Kong regulator re-evaluates retail crypto ETFs laws

The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs.According to a report by South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors

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OTC crypto shops flood Hong Kong, but regulations may impact their presence

Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with

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Gemini Introduces ‘Earn’ Product in Hong Kong as Part of Asia Push

U.S.-Crypto exchange Gemini has launched its interest-bearing product for the people of Hong Kong.“Gemini Earn” enables customers to receive up to 8.05% Annual Percentage Yield (APY), according to a press release on Tuesday.The exchange currently supports interest-bearing APY for up to 39 different assets with the highest provided by Gemini’s

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