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Hong Kong Pressures 3 Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients, according to a report from the Financial Times. "The Hash" panel weighs in on the state of crypto in the city.

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Bank of China Reportedly Reveals Machine That Converts Foreign Currency to Digital Yuan

The Bank of China has revealed a machine that converts foreign currencies into digital yuan. The machine is likely to be rolled out for the 2022 Beijing Winter Olympics when the central bank digital currency (CBDC) is set to be introduced globally. It requires a passport but not a bank account.

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