Hong Kong officially introduced its long-awaited licensing regime for fiat-referenced stablecoins Thursday, tightening oversight of digital assets as the city pursues its …
Kong
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Regulation
Hong Kong to Vet Stablecoin Holders, Operations Over $8,000 to Be Scrutinized
by shayaanby shayaanThe Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived …
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Regulation
Hong Kong to begin 6-month transition period for new stablecoin rules
by shayaanby shayaanThe Hong Kong Monetary Authority (HKMA) will implement a six-month transition period with special rules as part of its new framework for …
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Markets
Asia Morning Briefing: SEC's In-Kind BTC, ETH ETF Redemption Shift Happened Years Ago in Hong Kong
by shayaanby shayaanGood Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during …
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Markets
The Market Has Become 'Overly Excited' for Stablecoins, Hong Kong Financial Regulator Says
by shayaanby shayaanCompanies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong …
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Regulation
China Merchants Bank’s Brokerage Arm Secures Hong Kong Virtual Assets License: Report
by shayaanby shayaanChina Merchants Bank’s (CMBI) brokerage arm has attained a virtual assets license from Hong Kong, becoming the first Mainland China broker to …
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Hong Kong’s Financial Secretary, Paul Chan Mo-po, was on a three-day visit to Seoul, South Korea, where he worked on promoting the …
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Regulation
More than 40 companies are in fierce competition to issue stablecoins in Hong Kong: report
by shayaanby shayaanThe race for stablecoin licenses in Hong Kong is heating up, with dozens of firms preparing to apply ahead of the new …
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Singapore is cracking down on crypto exchanges, while Hong Kong unveiled a new legal framework to encourage investment. Hong Kong may have …
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Regulation
Hong Kong poised to benefit from Singapore’s ‘crypto crackdown’: report
by shayaanby shayaanAnalysts say that Hong Kong could gain the upper hand in its expansion into a global crypto hub in the wake of …