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The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the
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A collaborative initiative dubbed Project Sela sought to test and develop a central bank digital currency (CBDC) suited for mass retail use. The Bank for International Settlements (BIS), Hong Kong’s Monetary Authority (HKMA), and the Bank of Israel proved the feasibility of a secure retail central bank digital currency (rCBDC), according
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According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Sep. 6, the Solana Foundation officially announced its partnership with the Crypto Fintech Lab at Hong Kong University of Science and Technology (HKUST) on X. The collaboration aims to offer Solana game courses at the lab,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OKX is in the final stage of preparing its VASP license application to operate in Hong Kong, aiming to attract up to 200,000 retail users within a year of approval. Li Zhikai, the global chief business officer
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According to an OKX exec, the exchange is in the final stage and has banks waiting on regulatory approval in the form of a license. Popular OKX crypto exchange is close to getting a virtual asset provider license (VASP) in Hong Kong and is in the final stage of the process.
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Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter
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OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year.Li Zhikai, the global chief commercial officer of OKX, in an interview, said that they are actively
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Swiss bank SEBA received an in-principle license approval from the Hong Kong Securities and Futures Commission (SFC). The in-principle approval from the financial authority will allow the entity to operate in the crypto industry. The company
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The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.On Aug. 30, SEBA Hong Kong said its in-principle approved license would allow it to operate with crypto products such as
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