Is Web3 feasible in Hong Kong?
Hong Kong, Web 3.0, Can Hong Kong Web3 work? Golden Finance, Hong Kong is once again in the spotlight.

Hong Kong, Web 3.0, Can Hong Kong Web3 work? Golden Finance, Hong Kong is once again in the spotlight.
Sony Bank pioneers stablecoin trial on Polygon blockchain, exploring financial innovation and Web3 integration.
The Bank of Korea Governor warns of the impact of stablecoins like USDT and USDC on central banks, highlighting the need for CBDCs and the challenges ahead.
Shinhan Bank, one of the oldest banks in South Korea, has announced the successful completion of a stablecoin remittance test on Hedera’s open-source public network.
The stablecoin will be 1:1 dollar-backed and be the first one BTG Pactual released on its crypto platform Mynt.
A stablecoin is a cryptocurrency that has its prices pegged to that of different assets, often to fiat currencies.
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
Russia's central bank sees the digital rubble as the only technological payment option to support.
Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking.
A new report from EY highlights the need for policy changes by banks to overcome uncertainty related to digital assets.