Hong Kong

Highlights: Hong Kong is expanding tokenization and stablecoins to boost its Web3 industry. Officials will introduce stablecoin rules that will help to govern virtual assets. Lawmakers are urging the government to act quickly in order to remain competitive. Financial Secretary […]

Highlights: Standard Chartered, Animoca, and HKT have formed a joint venture to launch a stablecoin. Staticcoin will improve payment efficiency and cross-border transactions in Hong Kong. The stablecoin initiative strengthens Hong Kong’s global digital asset hub position. Standard Chartered, Animoca […]

Highlights: Hong Kong has added Bitcoin and Ethereum to its list of accepted digital assets for its investment immigration applications. The Legislative Council is drafting laws that will regulate stablecoins and support digital finance. Johnny Ng is advocating for the […]

Highlights: HashKey Capital gains approval to manage discretionary cryptocurrency accounts for high-net-worth clients in Hong Kong. The firm offers access to spot crypto, derivatives, and OTC trades across multiple secure and compliant platforms. Hong Kong plans to expand its crypto […]

Highlights: Hong Kong’s stablecoin bill requires the issuers to apply for a license from the HKMA. Authorities will seek to ensure that stablecoin backing is high quality liquid. The existing public consultation for crypto custodians and OTC trading regulation will […]

Highlights: Syndicate used deepfake to scam victims, amassing HK$34M via romance and investment fraud. Scammers employed AI deepfake personas to gain trust and exploit victims financially. Deepfake to scam victims highlights rising technological fraud, with billions lost worldwide in similar […]

Highlights: Hong Kong lawmaker suggests including Bitcoin in the city’s Exchange Fund. Bitcoin could enhance financial stability in Hong Kong amidst global market shifts. An ex-German finance minister advocates for the ECB to hold Bitcoin in its reserves. Wu Jiezhuang, […]

Highlights: Hong Kong offers tax breaks on crypto and private credit to attract global asset managers. ZA Bank launches Bitcoin and Ethereum trading directly for retail customers in Hong Kong. Hong Kong expands tax exemptions to boost finance and compete […]

Highlights: ZA Bank becomes Asia’s first bank to offer retail cryptocurrency trading for BTC and ETH. ZA Bank partners with HashKey for technology infrastructure to offer 24/7 crypto trading services. Transaction fees are waived until June, after which platform fees […]

Highlights: The HKMA warns crypto firms misrepresenting as banks may be in violation of Hong Kong’s Banking Ordinance. The HKMA raised alarm after two overseas firms falsely represented themselves as banks. The use of the word ‘bank’ in the names […]

Highlights: Circle plans expansion in Hong Kong, pending new stablecoin regulations, to establish local operations and hire more staff. Hong Kong’s favorable financial infrastructure makes it an ideal hub for Circle’s stablecoin growth in the Asia-Pacific. Circle’s CEO Jeremy Allaire […]

Highlights: Lingling Jiang replaces Eugene Ng at DWF Labs, maintaining ethical standards in the company’s practice. DWF Labs’ decision to appoint Jiang as Head of Strategy underlines its commitment to reliable leadership in cryptocurrency. DWF Labs has partnered with GraFun […]