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Category: Blog

Navigating the New Frontier of Identity Security: Challenges, Solutions, Innovations

Modern enterprises and individuals grapple with evolving challenges in identity, data access, privilege, automation, and unification. Today’s identity security challenges differ vastly from those of just a few years ago. The evolution of our work methods has led to a significant increase in the centrality of identities for both enabling and securing today’s enterprises. The…
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Mayon Solutions team wishes Happy New Year to our esteemed partners and clients!

We want to express our sincere gratitude for the collaborative efforts and successful partnerships we have shared. May the coming year bring you prosperity, innovation, and the realization of your aspirations. Wishing you a wonderful holiday season and a prosperous New Year!

China’s Accession to Apostille Convention: Simplifying Cross-Border Document Certification

At the inception of the Hague Conference in 1893, the global legal landscape markedly differed from the present day. At that time, Hague Conferences were predominantly attended by Europeans, reflecting a Eurocentric perspective. Following the tumultuous aftermath of the two World Wars, the Hague Conference on Private International Law emerged as an autonomous inter-governmental organization,…
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Hong Kong Aims to Lead in Green Tech and Finance

Hong Kong’s vision of becoming a global hub for green technology and finance can materialize with a strategic focus on supporting startups and harnessing China’s expertise in pivotal technologies, asserts the FinTech Association of Hong Kong. Sandeep Sethi, Co-Chair of the non-profit organization’s Green Tech and ESG Committee, emphasizes the need for intensified collaboration between…
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Hong Kong’s Strategic Measures to Restore Its Global Financial Hub Status

Hong Kong authorities have unveiled a package of measures to support the real estate market, as well as stimulate activity in the stock market. These steps are expected to help Hong Kong maintain its status as a global financial center. Incentive measures are being taken taking into account the fact that “supply in the Hong…
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Coinbase Granted MPI License by MAS

Cryptocurrency exchange Coinbase has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).Acknowledging Singapore as a “vital” and “priority” market for its global expansion, Coinbase cites the region’s “progressive economic strategies and regulatory approach” and the substantial presence of over 700 Web3 companies. In its pursuit to establish a…
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Binance Establishes HKVAEX to Gain Cryptocurrency License in Hong Kong

On October 25, the South China Morning Post reported that Binance is backing the virtual assets derivatives exchange HKVAEX in its pursuit of a cryptocurrency license in Hong Kong. According to three industry insiders closely associated with HKVAEX, Binance initiated the establishment of the company in December 2022 with the specific goal of obtaining a…
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Hong Kong Intensifies Battle Against Fraud

The Hong Kong Monetary Authority (HKMA) has reported a significant surge in the fight against bank fraud, with 954 complaints received in the first nine months of 2023. This marks an alarming almost twofold increase compared to the entirety of 2022, as also confirmed by the Central Bank of Hong Kong. In contrast, there were…
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Important Update: Implementation of Unique Business Identifier

Hong Kong holds the second position globally for the ease of conducting business, boasting a competitive edge with its friendly, transparent, and predictable tax regime. The Hong Kong government is committed to enhancing its legislative framework to foster a conducive business environment. The implementation of the Unique Business Identifier (“UBI”) holds significant importance, and the…
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