Main takeout
- Hong Kong University’s business school plans to accept bitcoin and digital currencies for tuition and donations.
- This movement matches Hong Kong’s efforts to become a virtual asset hub in a new regulatory framework.
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Hong Kong University (HKU) Business School, Asia’s top organization, said at the Cryptofi Forum this week, Professor Hongbin CAI, the Dean of HKU Business School and President of Economics.
“All technical details have been classified. We will take a digital currency with Bitcoin for tuition and donation in the future,” he urged to support initiatives.
The school explained the opening of the digital currency for paying for the payment of the payment of the payment of the payment of the payment of the financial innovation in the SCMP (SCMP).
A spokesman for HKU Business School added that he is trying to build a safe and sustainable framework to lead digital currencies with partners to lead the study, innovation, regulation and actual adoption.
This initiative comes with initiatives because Hong Kong is actively deployed as a global virtual asset hub.
HKMA (Hong Kong Monetary Authority) recently launched the Stablecoin License System and demanded that the publisher of Stablecoins by the FIAT would be licensed by the Securities and the Futures Commission. The regime includes strict compliance standards, including capital requirements, risk management, repayment rights and funding protection protocols.
The license was effective on August 1, and the first license is expected to be issued in early 2026.
Zhao Changpeng, the founder of Binance, who attended the HKU Forum, mentioned that Hong Kong may be a major virtual asset hub that competes with the United States and the United Arab Emirates when the government acts quickly.
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