HONG KONG (Reuters) - Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be embraced by regulators. FILE PHOTO: Broken representations of the Bitcoin virtual currency, placed on a monitor that displays binary digits, are seen in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration Getting the buy-in from...

HONG KONG (Reuters) - A new blockchain-based trade finance platform, developed by HSBC (HSBA.L), Standard Chartered (STAN.L) and 10 other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international trade. FILE PHOTO: The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo HSBC said on Wednesday the platform,...

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing is developing a new blockchain-powered programme designed to help international investors trade mainland Chinese shares via Hong Kong’s Stock Connect system, its chief executive Charles Li said on Tuesday. Stock exchanges around the world are trying to develop ways of using distributed ledger technology, known as blockchain, to boost the speed and efficiency of their processes, with settlement and execution of trades particular...

HONG KONG (Reuters) - Data privacy rules in Asia are limiting the spread of financial technology, an industry body said on Thursday, calling on regulators to set out broad principles rather than precise rules. FILE PHOTO: A photo illustration shows a USB device being plugged into a laptop computer in Berlin July 31, 2014. REUTERS/Thomas Peter/File Photo Companies around the world want to make better use of the large pools of data they have to both cut costs and offer additional services. But...