Hong Kong

Mainland China continues to enforce the 2021 crypto ban, established by the People’s Bank of China (PBOC) in its September 24, 2021, notice that made all virtual-currency transactions illegal. That...

Regulators in Hong Kong laid out ten measures to boost bond issuance, deepen RMB markets, and advance tokenized assets. The plan ties in a third batch of tokenized green bonds...

Zhang Guojun, Hong Kong’s Deputy Secretary for Justice, highlighted the city’s new stablecoin licensing law during a speech at the China-ASEAN Commercial Law Forum. The law was featured in a...

Hong Kong is stepping up its digital finance ambitions with a policy blueprint that places tokenization at the core of banking innovation.  In the 2025 Policy Address, Chief Executive John...

Concord Medical (HKEX: 0370) has disclosed that its affiliate Hua Jian Medical is partnering with Renhe International, a wholly-owned arm of Renhe Pharmaceutical, to build a new real-world asset (RWA)...

Beijing has ordered state-owned enterprises, Chinese banks, and major internet firms with Hong Kong operations to exit cryptocurrency ventures. The directive, reported by Caixin, bans their involvement in stablecoin issuance,...

The Hong Kong Monetary Authority (HKMA) has put forward a supervisory policy known as CRP-1, designed to make it easier for banks to handle crypto assets. The draft framework lays...

The University of Hong Kong’s (HKU) business school is preparing to accept Bitcoin and other digital currencies for tuition fees and donations. Professor Cai Hongbin, dean of the business and...

Binance founder Changpeng “CZ” Zhao said tokenization and public-company Bitcoin treasuries are creating new opportunities for the crypto industry. Meanwhile, he warned that risks remain.  Speaking at the Bitcoin Asia...

Hong Kong’s largest crypto conference hit a political landmine after a senior regulator and a legislator pulled out of its speaker lineup. The withdrawals from Bitcoin Asia 2025 came shortly...

Hong Kong’s banking authority, the HKMA, has laid out plans to adopt the world’s strictest crypto banking standards. It’s a strategic move designed to attract major financial institutions by making...

Web3 giant Animoca Brands is teaming up with banking heavyweight Standard Chartered and telecom leader HKT to launch a new stablecoin venture in Hong Kong called Anchorpoint Financial. Why the...

An offshore renminbi (RMB) stablecoin is advancing rapidly as Hong Kong implements its new stablecoin ordinance. This comes as Chinese tech firms like JD.com and Ant Group are lobbying to...

Hong Kong is implementing a stringent new licensing regime for stablecoin issuers, a move designed to cement the city’s status as a regulated hub for digital assets. Under the new...

HSBC Holdings has launched Hong Kong’s first blockchain-based settlement service. It has launched a tokenized deposit program that converts traditional bank deposits into digital tokens on a blockchain platform. The...

The Legislative Council of Hong Kong has enacted the Stablecoins Bill, which will govern fiat-referenced stablecoins (FRS). Under this legislation, issuers of virtual asset (VA) products will be required to...

Digital assets are catching on fast among investors worldwide, with Asia leading the charge as wealthy individuals shift away from traditional US dollar-based portfolios. According to the South China Morning...

Tuesday, the Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market, selling HKD 73.3 billion (approximately $9.4 billion) to defend the Hong Kong dollar’s peg to the U.S....

Hong Kong is reaffirming its goal to become a major global center for virtual assets with a second policy statement expected soon. According to Financial Secretary Paul Chan Mo-po, this...

In a move to solidify its role as a leader in the digital economy, Hong Kong has proposed several initiatives aimed at boosting the development of virtual assets. One of...

Hong Kong legislator Johnny Ng has a new idea to help address the region’s financial deficit: include Bitcoin in the city’s foreign exchange (FX) reserves, citing sources from local media....

Hong Kong has publicized plans to widen its tax-exemption net to include hedge funds and high-net-worth individuals. In a recent proposal, the Hong Kong government said the new plan would...

Hong Kong is actively working to become a leader in digital finance by introducing tokenized real-world assets (RWAs). Driving this effort is the “Ensemble” project, launched under the Hong Kong...

Jeremy Allaire, CEO and co-founder of Circle, sees Hong Kong as a key market for the company’s stablecoin, USDC. Allaire announced Circle’s plans to expand its presence in Hong Kong,...

Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms. Eric Yip, Executive Director for Intermediaries at the Securities and...