In July, the United States set a global benchmark for digital dollars with the passage of the GENIUS Act, the first federal …
Hong
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The Hong Kong Monetary Authority’s call for stablecoin issuers has triggered a modern-day gold rush, with 77 diverse firms staking a claim. …
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Founder of Binance CZ, Changpeng Zhao, opined that Hong Kong ought to have more cryptocurrencies opened up. Hong Kong simply allows being …
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Regulation
HSBC on the hook for $4.2 million after Hong Kong regulators find disclosure breaches
by shayaanby shayaanHSBC was fined $537,683 by regulators in Hong Kong for disclosure lapses after an investigation by Hong Kong regulators. Based on a …
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Hong Kong is moving fast to build its digital finance market through real-world asset (RWA) tokenization, exchange-traded funds (ETFs), and new stablecoin …
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Hong Kong’s financial sector is grappling with an unprecedented surge of interest in real-world asset (RWA) tokenization as mainland Chinese institutions pour …
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Although the Stablecoin Ordinance was initially introduced in Hong Kong on the first of August 2024, it became officially enacted on August …
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A Hong Kong Securities and Futures Commission (SFC) official has warned that the introduction of the new local stablecoin regulatory framework has …
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Regulation
Hong Kong’s SFC sets new custody standards for crypto trading platforms
by shayaanby shayaanKey Takeaways Hong Kong’s SFC há introduced new standards to enhance the custody of virtual assets for licensed trading platforms. The guidance …
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Finance
Hong Kong’s HKMA and SFC warned investors against speculative hype around stablecoin licensing
by shayaanby shayaanHong Kong’s top financial regulators have warned investors to exercise restraint amid a flurry of speculation surrounding stablecoin licensing and the expansion …