Hong Kong Customs cracks down on ML case

Hong Kong Customs mounted an operation codenamed “Eagle Net” and detected a suspected money laundering case. the suspects used personal bank accounts at various banks including virtual banks to launder a total of about $600 million from unknown...

HKMA discussion paper on crypto-assets & stablecoins

While crypto-assets have not yet posed material risks to financial stability, it may not be the case for very long as there is increasing linkage of such assets with traditional financial system which poses greater risks if the asset class continues to develop at...