China has announced plans to sell seized digital assets through licensed exchanges in Hong Kong. The initiative is in collaboration with the …
Hong
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Hong Kong’s new stablecoin law demands full backing by cash or government bonds only. No more empty promises: stablecoins must be 100% …
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Regulation
Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership
by shayaanby shayaanHong Kong’s push to legalize crypto derivatives is gaining political momentum, with reports that senior officials see the next wave of virtual …
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Adoption
Hong Kong-based Reitar Logtech poised for $1.5B Bitcoin plunge to boost logistics expansion
by shayaanby shayaanNasdaq-listed Reitar Logtech Holdings Ltd. is in advanced talks to acquire up to $1.5 billion worth of Bitcoin (BTC) as part of …
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Finance
HSBC Tokenized Deposit Service Accelerates 24/7 Corporate Payments in Hong Kong
by shayaanby shayaanIn a significant move signaling the growing convergence of traditional finance and digital assets, global banking giant HSBC has officially launched a …
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In short The Regulation requires licenses for FIAT -referred Stablecoin (FRS) -publishers under the HKMA Publishing issues must meet the standards for …
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Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers. “Hong Kong’s …
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Adoption
Hong Kong advances stablecoin legislation introducing new rules for issuers
by shayaanby shayaanHong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub …
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Regulation
House Committee Pressures JPMorgan Chase, Bank of America to Abandon Major Hong Kong Deal
by shayaanby shayaanChina hawks in Congress are pressuring executives at the financial giants JPMorgan Chase and Bank of America to back out of their …
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Smart Contracts
Hong Kong Investment Firm Loads Up on BlackRock Bitcoin ETF, Shares Grow to $688M
by shayaanby shayaanIn short Avenir, established in Hong Kong, raised its participations of BlackRock’s Spot Bitcoin ETF to 14.7 million shares, worth $ 688 …