Tech /

Blockchain

Shahmir Khaliq, the head of services at Citigroup. Photo: Jonathan Wong
Banking & finance

Citigroup to explore stablecoins as Hong Kong and US regulations evolve

Clients are eager but seek clarity on use cases and the coins’ impact on balance sheets and liquidity, US bank’s head of services says.

Banking & finance

Exclusive | The world must rewrite its financial rules for the tokenised future: BIS

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Digital currencies

ChinaAMC launches first tokenised yuan fund amid Hong Kong stablecoin push

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Blockchain

China Merchants Bank’s brokerage arm gets virtual asset licence in Hong Kong

The issuance could allow investors on the mainland to trade crypto assets in Hong Kong.

The logo of the Securities and Futures Commission. Photo: Yik Yeung-man
The logo of the Securities and Futures Commission. Photo: Yik Yeung-man
Cryptocurrency

Bitcoin soars past US$120,000 as US pushes crucial digital asset legislation

The prospect of a clear US regulatory framework, along with bitcoin’s steady advance, has bolstered confidence among investors.

Banking & finance

Exclusive | Hong Kong embraces digital assets to solve economic problems: Chris Hui

Hong Kong’s push for stablecoins and tokenised assets aims to solve global economic challenges, positioning the city as a leading fintech hub.

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Stablecoins

China’s state-asset watchdog explores role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission calls on state-backed firms to study the role of digital assets in trade.

Shanghai, mainland China’s financial hub, is keeping an eye on digital-asset developments, especially the potential role of stablecoins in trade. Photo: Shutterstock
Shanghai, mainland China’s financial hub, is keeping an eye on digital-asset developments, especially the potential role of stablecoins in trade. Photo: Shutterstock
Blockchain

Bitcoin hits another record as options traders eye US$120,000

Bitcoin’s breakout is fuelled in part by institutional demand and bullish comments made by Trump on social media.

Blockchain

Bitcoin hits record US$112,000 amid Wall Street rally, crypto surge

Traders should stay vigilant for potential profit-taking or macroeconomic shifts that could spark corrections, one analyst says.

Blockchain

Eric Trump to headline Bitcoin Asia 2025 conference in Hong Kong

The August event comes as the race for crypto supremacy has intensified, with both Hong Kong and the US moving to legalise stablecoins.

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Eric Trump, the second eldest son of US President Donald Trump, is set to attend next month’s Bitcoin Asia conference in Hong Kong. Photo: Reuters
Digital currencies

Singapore’s crypto exchange crackdown seen benefiting Hong Kong

Hong Kong’s Web3 industry sees benefits from the end of regulatory arbitrage by exchanges in Singapore serving overseas customers.

Hong Kong dollar banknotes and bitcoin cryptocurrency coins are shown in this illustration picture. Photo: Shutterstock Images
Hong Kong dollar banknotes and bitcoin cryptocurrency coins are shown in this illustration picture. Photo: Shutterstock Images
Digital currencies

Mainland Chinese digital yuan partner to develop stablecoin tech in Hong Kong

Shenzhen-listed North King says Hong Kong will be a springboard into international fintech markets, with plans for stablecoin wallets.

Digital currencies

Hong Kong sharpens crypto hub focus amid rising global competition

Hong Kong is seeking an early lead in stablecoins and tokenisation as Trump pushes the US to become the ‘crypto capital of the planet’.

Digital currencies

Hong Kong makes public stablecoin adoption a top priority in digital asset push

The government is calling for new proposals to test stablecoin applications and make tax concessions for digital asset holdings.

Pedestrians walk past a cryptocurrency dealership with ATMs on the outside in Causeway Bay on January 31. In a new policy statement, the Hong Kong government has proposed tax concessions for profits on cryptocurrencies. Photo: Antony Dickson
Cryptocurrency

Hong Kong family office VMS Group makes first foray into cryptocurrency

With about US$4 billion in assets under management, VMS plans to allocate up to US$10 million to strategies run by hedge fund Re7 Capital.

Wealth managers are moving to accommodate growing cryptocurrency adoption among their clients in Hong Kong. Photo: Shutterstock
Wealth managers are moving to accommodate growing cryptocurrency adoption among their clients in Hong Kong. Photo: Shutterstock
Digital currencies

Bitcoin drops below US$100,000 after US strikes Iran nuclear sites

Bitcoin sank as much as 3.8 per cent and Ether as much as 10 per cent in the aftermath of the attacks.

Blockchain

Hong Kong Web3 group issues blueprint for accelerating blockchain development

Web3 Harbour, in collaboration with PwC Hong Kong, will launch five action groups in August on stablecoins, funds and other critical segments.

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Blockchain

Tariffs see Chinese bitcoin-mining machine makers eye US production

Top manufacturers Bitmain, Canaan and MicroBT are setting up production in the US to counter tariff and geopolitical risks.

Canaan’s bitcoin-mining fleet in West Texas, US. Photo: Handout
Canaan’s bitcoin-mining fleet in West Texas, US. Photo: Handout
Digital currencies

Hong Kong could serve as stablecoin test bed to raise yuan’s profile

Hong Kong’s stablecoins can serve as a testing ground for the mainland, providing both experience and lessons, HashKey Group CEO says.

JD.com

JD.com founder bets on stablecoins to cut cross-border e-commerce payment costs

‘JD.com intends to secure stablecoin licences across key currency markets globally,’ founder and chairman Richard Liu says.

Fintech

Hong Kong-based fintech LianLian Global’s Middle East expansion pays off

Firm expects Dubai operations to contribute 10 per cent of its payment transaction volume in the first year of operations, Hong Kong head says.

Hong Kong-based LianLian Global sees big room for growth for its digital remittance services in the Middle East. Photo: Handout
Ant Group

Ant International and Ant Digital to seek stablecoin licences in Hong Kong

The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.

Ant International is one of the largest tech firms yet to announce its intention to issue a stablecoin in Hong Kong. Photo: Ant International
Ant International is one of the largest tech firms yet to announce its intention to issue a stablecoin in Hong Kong. Photo: Ant International
Blockchain

With early stablecoin law, Hong Kong looks to keep edge as finance hub

Hong Kong is looking to ‘secure a leading role in global payment systems’, one analyst says, as law comes ahead of a similar US stablecoin bill.

Start-ups

Hong Kong backs start-ups at VivaTech show in push for European market

Local start-ups from HKSTP and Cyberport will appear at the Hong Kong Tech Pavilion at VivaTech from June 11 to 14.

Digital currencies

Hong Kong’s stablecoin law opens floodgates for boom in digital assets: brokers

Investors are increasingly interested in stablecoins, which are digital tokens pegged to a reference asset like a fiat currency.

Stablecoin logos. Photo: Shutterstock
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