Hong Kong is preparing to grant its first batch of stablecoin licenses within the next few months as the city steps closer to becoming a regulated hub for digital assets. Financial Secretary Paul Chan Mo-po confirmed in a recent interview with China Daily that the government has already received multiple ...
Hong Kong is advancing its stablecoin licensing framework, with new regulations set to take effect by August 1, 2025. Financial Secretary Paul Chan confirmed the timeline in a blog post published on June 15, aligning with earlier statements from the Hong Kong Special Administrative Region Government. The initiative forms a ...
Hong Kong has taken a major step forward in regulating digital finance with the Legislative Council’s passage of the Stablecoins Bill, introducing a formal licensing framework for fiat-referenced stablecoin (FRS) issuers. The new legislation, welcomed by the government on Wednesday, is designed to enhance the city’s virtual asset regulatory environment, ...
Hong Kong’s Cyber Security and Technology Crime Bureau (CSTCB) unveiled its new cryptocurrency tracing tool, CryptoTrace, on Wednesday, marking a major step in the city’s efforts to combat the growing threat of digital asset-related crime. Developed in partnership with the University of Hong Kong and first introduced at the Blockchain ...
Animoca Brands is preparing for a public listing in New York, citing the current US administration’s more relaxed stance on cryptocurrency regulation as a strategic opportunity to access the world’s largest capital market. The company’s executive chair, Yat Siu, revealed that an announcement regarding the listing could come soon, with ...
WeBank Technology Services has unveiled a new blockchain-based infrastructure to enhance Hong Kong's Web3 ecosystem, announced at the Hong Kong Web3 Festival 2025. This "value exchange infrastructure," introduced by Henry Ma, aims to facilitate secure and compliant value exchanges between institutions, aligning with Hong Kong's goal of becoming a global ...
Financial Secretary Paul Chan reaffirmed Hong Kong’s ambition to become a global hub for blockchain and digital assets during the Hong Kong Web3 Festival. He underscored the need for a balanced regulatory approach to bridge traditional finance with the emerging digital economy. Speaking to a packed audience of industry leaders, ...
Hong Kong's financial regulators have allowed crypto firms with valid trading licenses to offer staking services, as the Securities and Futures Commission (SFC) announced on April 7. These firms must follow strict guidelines to protect users and ensure transparency about the risks of staking virtual assets. Staking allows customers to ...
OSL Group has launched OSL Wealth, a new crypto-focused wealth management platform in Hong Kong, announced yesterday. This service, now operational, targets professional investors by offering secure access to tokenised treasury assets, real-world asset (RWA) solutions, and quantitative funds. As the first platform of its kind in the city, it ...
Ray Chan, co-founder of the popular meme-sharing platform 9GAG, has reportedly taken the helm at Howkingtech International, signaling a strategic move to expand into artificial intelligence, cryptocurrencies, and Web3. According to a regulatory filing with the Hong Kong Exchanges and Clearing Limited, the acquisition of Howkingtech could reach a maximum ...
