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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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HKMA Releases Q1 2024 Statistics on Stored Value Facilities Schemes

The Hong Kong Monetary Authority (HKMA) published its Q1 2024 statistics on Stored Value Facilities (SVF) schemes, revealing significant growth in SVF accounts and transaction values.

by Timothy Morano
Jun 21, 2024

CRYPTOCURRENCY

HKMA Releases Q1 2024 Statistics on Stored Value Facilities Schemes

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