Quick Breakdown Asian stock exchanges tighten rules against crypto-focused treasury firms. Regulators reject “cash company” listings lacking real operations. BitMine’s Tom Lee says the DAT boom may have already peaked. Stock exchanges across India, Hong Kong, and Australia are tightening rules against companies seeking to convert into digital asset ...
Quick Breakdown Standard Chartered Hong Kong to roll out digital asset ETF trading in November. Hong Kong approves Asia’s first Solana spot ETF by ChinaAMC. Rising demand among wealthy clients signals growing confidence in crypto exposure. Standard Chartered steps into digital asset trading Standard Chartered’s Hong Kong arm is ...
Quick Breakdown Hong Kong approves its first Solana (SOL) spot ETF, managed by China Asset Management (Hong Kong). The ETF launches October 27 with trading in HKD, RMB, and USD on the Hong Kong Stock Exchange. Marks Solana as the third cryptocurrency, after Bitcoin and Ethereum, to gain spot ETF ...
As the global crypto industry matures and shifts toward regulation, nations are jockeying for position as the world’s leading crypto hub. But what is a crypto hub exactly? It’s not just a regulatory safe haven; it’s a dynamic intersection of innovation, investor confidence, institutional participation, and public-private collaboration. Among the ...
Quick Breakdown Hong Kong Legislative Council’s latest report highlights growing support for RMB-backed stablecoins. The Stablecoin Ordinance, effective August 1, draws interest from major Chinese state-owned firms. Authorities warn against unlicensed stablecoin projects as licensing framework remains pending. Hong Kong legislature signals interest in RMB-backed stablecoin The Hong ...
Quick Breakdown Circle rules out launching an HKD-pegged stablecoin. Focus remains on expanding USDC and EURC utility. Licensed in Singapore; evaluating office setup in Hong Kong. Stablecoin issuer Circle has confirmed it has no immediate plans to launch a Hong Kong dollar-backed stablecoin (HKD stablecoin), despite growing regional interest ...
Quick Breakdown HashKey Group reportedly filed confidentially for a $500M Hong Kong IPO. The move aligns with Hong Kong’s push to become Asia’s crypto hub. The company’s global expansion and Web3 ventures strengthen its growth narrative ahead of listing. HashKey Group targets landmark Hong Kong IPO Hong Kong-based HashKey Group ...
Quick Breakdown DBS will prioritize stablecoin ecosystem development over derivatives trading under Hong Kong’s new Stablecoin Ordinance. Hong Kong’s stablecoin licensing framework takes effect with a list of approved issuers expected early next year. DBS sees stablecoins driving cross-border and trade payments, leveraging its regulated digital exchange experience in Singapore. ...
Quick Breakdown: Hong Kong and Singapore launch regulated token corridor for cross-border settlements. Framework integrates licensed stablecoins, tokenized deposits, and wholesale CBDCs. Initiative sets precedent for global corridors across Asia, Europe, and the Americas. Hong Kong and Singapore are fast-tracking efforts to establish a regulated token corridor that could reshape ...
Quick Breakdown Over 77 firms have shown interest in Hong Kong’s stablecoin licenses, including ICBC, Standard Chartered, and PetroChina. Lawmakers stress that approvals will be scarce, with possibly only one license issued in the first round. Regulators are tightening controls following a rise in fraud complaints tied to stablecoins. Major ...
