Hong Kong

Highlights: Hong Kong gave its first stablecoin licences to Anchorpoint and HSBC on Friday. The move puts stablecoin issuers under a clear legal and regulated system. Officials said the new framework supports innovation, user safety, and better risk control. Hong […]

Highlights: A Hong Kong retiree lost HK$6.6 million across three scam contacts in six months. The crypto fraud case began with a WhatsApp pitch and ended with three vanished experts. Recovery promises drove the biggest transfers and deepened the victim’s […]

Highlights: HSBC and Standard Chartered are set to receive stablecoin licenses. The first stablecoin licenses could be granted as early as March 24. The new licenses will bring traditional financial institutions into stablecoin markets. Hong Kong is on the verge […]

Highlights: Hong Kong tests e-HKD blockchain settlement using Chainlink to automate compliance and asset transfers. Visa, ANZ, ChinaAMC, and Fidelity join pilot testing of regulated cross-chain digital asset transfers. Chainlink technology connects blockchains and enables secure, regulated movement of digital […]

Highlights: Paul Chan confirms March rollout for Hong Kong’s first stablecoin licenses.  HKMA subsidiary CMU OmniClear also plans to build an integrated tokenized bond settlement platform. Chan said authorities are working to boost crypto liquidity for professional investors. Hong Kong […]

Highlights: Hong Kong to allow crypto perpetual contracts for institutional investors only. Brokers can offer crypto-backed loans using BTC and ETH as collateral. Market makers must have conflict-of-interest safeguards and independent trading desks. Hong Kong’s financial regulator is taking a […]

Highlights: HKMA plans to issue a limited first batch of stablecoin issuer approvals in March after completing detailed reviews. The stablecoin license approvals will depend on use cases and strong AML compliance standards. The stablecoin ordinance requires all fiat-backed issuers […]

Highlights: Hong Kong has started issuing stablecoin licenses, and applications are being checked now. Christopher Hui said full rules for virtual assets will come this year. By 2028, cross-border tax reporting will make crypto transactions more transparent. Hong Kong has […]

Highlights: OSL raised $200 million to boost stablecoin operations and expand global payment services. Funds will support acquisitions, technology upgrades, product development, and working capital needs. The company aims to scale operations worldwide, building on past $300 million equity success. […]

Highlights: Hang Seng has launched a gold ETF in Hong Kong that is backed by physical bullion stored in local vaults. The ETF rolled out the LBMA gold benchmark and does not pay dividends to investors. Tokenized fund units are […]

Highlights: Hong Kong’s securities group rejects the end of the 10% crypto investment exemption. The proposed crypto licensing rules raise entry barriers for traditional managers. New rules could disrupt Web3-focused VC funds due to strict custody conditions. The Hong Kong […]

Highlights: The Hong Kong Insurance Authority has proposed a new law that allows insurance firms to invest in cryptocurrencies. Public feedback on the new proposal is expected next year, after which lawmakers will decide whether to approve it. The proposal […]