The Hong Kong Monetary Authority’s call for stablecoin issuers has triggered a modern-day gold rush, with 77 diverse firms staking a claim. …
Kongs
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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 …
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Smart Contracts
Hong Kong’s SFC Orders Tighter Crypto Custody Standards Following Global Breaches
by shayaanby shayaanIn short Providers must use cold portfolios with air rises, hardware, applying copies and, among other things, requirements, the regulator said Friday. …
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Regulation
Hong Kong’s first HKD stablecoin race begins as Standard Chartered files early
by shayaanby shayaanStandard Chartered has partnered with Animoca Brands and Hong Kong telecom group HKT to establish Anchorpoint Financial, a joint venture applying for …
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Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical …
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Finance
U.S. BTC ETF Inflows Dwarf Hong Kong’s as Local Investors Stick With Stocks
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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Hong Kong released a second policy statement to accelerate its digital asset (DA) development and reinforce its ambition to become a global …
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Financial Secretary Chan revealed that a second policy statement on Hong Kong’s digital asset strategy will be issued later this month. It …
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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% …