Hong Kong

Hong Kong lawmakers approved a bill on November 4 requiring crypto service providers to report customer transaction information. The new rules will require businesses to begin collecting the data in...

Crypto.com will end its Hong Kong consumer app services on February 1, 2027, while maintaining its institutional exchange plans. The company said the retail closure would streamline global operations and...

HSBC’s RedCoin, a stablecoin pegged to the Hong Kong dollar, has gained 50,000 users in a little over a week, marking an early milestone in the bank’s expansion into digital...

The London Metal Exchange (LME) is exploring the tokenization of metals stored in Hong Kong to help companies secure loans against inventories outside its standard warrant system. The proposal targets...

HSBC Holdings plc (HSBA) launched its Hong Kong dollar-backed stablecoin, RedCoin (RCHKD), opening stablecoin access to 3.3 million users and more than 100,000 merchants.  However, an analysis has highlighted that...

Hong Kong lawmakers supported proposed tax incentives for large innovative companies on Monday but challenged the five-year limit, saying it could discourage headquarters relocations and expansion. The government defended the...

HSBC unveiled the name of its upcoming stablecoin, HSBC RedCoin, positioning the token to reach more than 3.3 million users of its PayMe mobile payment app when it launches before...

A former CCB Asia relationship manager, Lam Chun-yin, received four years in prison after admitting he accepted Tether to authenticate false financial instruments. He received more than $470,000 in USDT...

OKX blocks Claude for Hong Kong staff after Anthropic’s suspension, as crypto payments grow and Hong Kong expands its regulated market.

A coffee-themed platform allegedly turned a consumer brand into a cryptocurrency operation, leaving investors reporting losses. According to local media reports, Hong Kong police had received 255 complaints by August...

XRP is now available to retail investors on Hong Kong-based digital asset platform OSL HK. It is the first time the regulated exchange has opened XRP trading beyond professional investors....

Hong Kong’s regulated stablecoin market is set to take another step forward, with market reports indicating that HKDAP, a Hong Kong dollar-pegged stablecoin developed by Anchorpoint Financial Technology and Standard...

Hong Kong’s market regulator has moved against rising account impersonation risks, ordering internet brokerages and licensed virtual asset platforms to strengthen customer authentication. The Securities and Futures Commission (SFC) said...

Hong Kong’s Securities and Futures Professionals Association has urged the Securities and Futures Commission (SFC) to refine its virtual asset regulatory framework. The group wants lower compliance costs, improvements to...

Hong Kong is moving ahead with new crypto tax reporting rules that bring around 8,000 more financial institutions under mandatory registration and reporting requirements. The move follows the passage of...

Hong Kong is stepping up its bid to become the world’s hub for tokenized finance. The Hong Kong Monetary Authority (HKMA) just unveiled a new project named “Tokenised Bond Expert...

Hong Kong’s financial regulator has warned the public that fake tokens using the “HSBC” and “HKDAP” tickers are not linked to approved stablecoin issuers. According to an April 28 report,...

Hong Kong has moved ahead with its long-planned stablecoin framework after regulators granted the first issuer licenses to major banking-backed entities, leading to a shift toward regulated digital money tied...

Hong Kong authorities are preparing to grant the city’s first licenses allowing institutions to issue fiat-backed stablecoins, marking a key move in the government’s broader effort to formalize oversight of...

Hong Kong police have launched an investigation after a 25-year-old mainland Chinese businessman was kidnapped and assaulted during a meeting that turned into a violent robbery. The incident happened at...

Hong Kong will issue its first stablecoin issuer licenses next month, marking a major step in its digital asset regulation. Financial Secretary Paul Chan confirmed the approvals during his 2026-27...

The Hong Kong policymakers are seeking to build up their crypto regulatory framework. According to the recently concluded Consensus Hong Kong, policymakers are keen to attract institutional investors through a...

Hong Kong retail investors have begun buying Bitcoin during the ongoing crypto crash, as the price of the world’s largest cryptocurrency dropped to levels not seen since before its 2025...

Hong Kong has moved another step closer to becoming Asia’s most regulated digital finance hub as its Stablecoin Ordinance enters full effect and license reviews begin. The announcement came as...

The Hong Kong Insurance Authority (HKIA) is seeking to regulate the crypto industry. The HKIA will be actively consulting with the relevant entities, including the public, in 2026, to accelerate...