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Hong Kong and China Banks Test Blockchain Links for Credit Verification


by Peter Mwangi
for CoinEdition
HKMA and PBoC launch permanent blockchain credit data exchange pilot in Greater Bay Area.
  • HKMA and PBoC formalize blockchain-based cross-border credit data exchange pilot.
  • Blockchain nodes in Hong Kong and Shenzhen enhance secure credit data verification.
  • 36 firms apply for Hong Kong stablecoin licenses under new 2025 regulatory framework.

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) agreed to formalize the Greater Bay Area Cross-Border Credit Information Sharing pilot. 

The pilot, which was launched in 2024 strengthens data connectivity between Hong Kong and mainland China across the Guangdong–Hong Kong–Macao region.

Read The Full Article Hong Kong and China Banks Test Blockchain Links for Credit Verification On Coin Edition.

Read the article at CoinEdition

Read More

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Hong Kong and China Banks Test Blockchain Links for Credit Verification


by Peter Mwangi
for CoinEdition
HKMA and PBoC launch permanent blockchain credit data exchange pilot in Greater Bay Area.
  • HKMA and PBoC formalize blockchain-based cross-border credit data exchange pilot.
  • Blockchain nodes in Hong Kong and Shenzhen enhance secure credit data verification.
  • 36 firms apply for Hong Kong stablecoin licenses under new 2025 regulatory framework.

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) agreed to formalize the Greater Bay Area Cross-Border Credit Information Sharing pilot. 

The pilot, which was launched in 2024 strengthens data connectivity between Hong Kong and mainland China across the Guangdong–Hong Kong–Macao region.

Read The Full Article Hong Kong and China Banks Test Blockchain Links for Credit Verification On Coin Edition.

Read the article at CoinEdition

Read More

Hong Kong Stablecoin Law Becomes China’s Crypto Policy Sandbox

Hong Kong Stablecoin Law Becomes China’s Crypto Policy Sandbox

Mainland China continues to enforce the 2021 crypto ban, established by the People’s ...
How Auto-Deleveraging on Crypto Perp Trading Platforms Can Shock and Anger Even Advanced Traders

How Auto-Deleveraging on Crypto Perp Trading Platforms Can Shock and Anger Even Advanced Traders

Doug Colkitt’s explainer details a backstop that trims winners, ranks accounts by pro...