A former Standard Chartered Bank insurance specialist has been jailed for 20 months for premeditating a scam involving two clients and breaching the trust placed in him.
The SFC penalised PICC Asset Management for failing to discharge duties as the manager of a Cayman-incorporated fund.
The PCPD raided six premises of the Worldcoin project in Hong Kong, saying the city’s privacy law may have been breached.
A finance worker was duped in a video call by a deepfake version of his company's CFO to transfer HKD 200 million.
Three of the Hong Kong companies operated as "covert procurement entities" for Iran's weapons programmes. The fourth sold Iranian commodities to benefit Iran.
Some OTC venues including physical shops played a role in fraud cases last year, said top Hong Kong official Christopher Hui.
HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.
The new arrangement will make it easier to resolve civil and commercial disputes involving cross-border elements.
Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA's stablecoin sandbox.
The securities firm said that the tokenised bonds which are available to institutional investors, can be safely transacted and stored in client wallets.
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