Western desks are carrying the bitcoin rally alone, with Friday’s jobs report the next test.
The most dangerous stablecoin scam probably looks nothing like what most people picture. There's no anonymous founder, no Discord full of bots, no promise of returns that defy basic economic logic. Instead, it has a professional ticker, institutional branding, and a name that tens of millions of people have trusted with their savings for generations. […]
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Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued
A Hong Kong-listed company wants to attract more than 10,000 BTC into a regulated asset management strategy, a target worth roughly $760 million at current prices. While the number itself is jaw-dropping, it's the strategy's structure that reveals the true scope of this plan. Hong Kong is trying to become a place where large pools […]
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The approvals by the Hong Kong Monetary Authority, the territory's central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025.
Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline
The company's internal strain, including reports of required long working hours, is overshadowing its push for a U.S. listing.
HKMA teams up with mainland regulators to develop a cross-border platform linking cargo data and electronic bills of lading, aiming to cut trade finance friction and plug Chinese supply chains into global markets
The stablecoin payments company has hired JPMorgan, Goldman Sachs and Jefferies, according to Bloomberg.
A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder.
Hong Kong's Securities and Futures Commission (SFC) granted Victory Fintech a license.
Hong Kong will begin issuing a small number of stablecoin licenses to companies with credible business models and strong compliance, Paul Chan Mo-po said.
Hong Kong's Securities and Futures Commission will publish a "high-level framework" allowing perpetual contracts, SFC CEO Julia Leung said.
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said only a very few stablecoin licenses would be issued initially.
The Hong Kong lawmaker and Web3 advocate said common law, open capital flows and ties to southern China give the city a unique role in global crypto markets.
With the political hype fading, Siu argues crypto’s next phase will be shaped less by personalities and more by infrastructure, regulation and who actually uses the technology.
CoinDesk and the Solana Foundation said the developer event will kick off Consensus Hong Kong on Feb. 11, setting the tone for a week focused on builders, capital, and policymakers.
The FSTB and SFC concluded consultations on virtual regimes and plan to introduce new bill to LegCo next year.
The HashKey Fintech Multi-Strategy Fund IV aims will invest in blockchain infrastructure and applications with real-world use cases.
Public consultation on the proposal will occur from February to April 2025, with legislative submissions expected later that year.
Investors questioned whether Hong Kong’s dominant licensed exchange can turn surging volumes and regulatory advantage into sustainable profits.
The Hong Kong-based fintech says demand for stablecoin-powered cards and cross-border payouts is accelerating as it scales payments beyond crypto trading.
HashKey's prospectus highlights surging institutional volume, expanding staking and tokenization pipelines and more than 1.44 million users, while losses and a US$5.2 million monthly burn rate loom over one of Asia’s largest regulated crypto bets.
Ultra-low fees kept monetization in the basis-point range, leaving revenue unable to offset steep losses despite surging Hong Kong trading volumes.
Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.
The bonds mark Hong Kong's third digital bond sale since 2023 and are part of its push to become a leading global hub for tokenized assets.
Accredited investors in Hong Kong have access to the U.S. dollar, Luxembourg-registered, tokenized UCITS money-market product.
The case is the largest financial fraud in Hong Kong's history, with Interpol issuing red notices for three fugitives.
The pilot, part of Brazil's Drex initiative, used Chainlink's infrastructure to connect Brazil's Drex network with Hong Kong's Ensemble platform.
At FinTech Week, the Standard Chartered CEO said Hong Kong’s digital asset pilots, including HKD-backed stablecoins and tokenized deposits, could transform cross-border trade, as regulators unveiled new rules allowing shared order books for crypto exchanges.