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Blockchain

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 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.

Blockchain

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

Start-ups

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

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
Stablecoin logos. Photo: Shutterstock
Digital currencies

Crypto confiscated in Beijing to be liquidated in Hong Kong

Beijing’s security bureau has unveiled a plan to sell cryptocurrencies seized in criminal investigations, boosting Hong Kong’s crypto hub ambitions.

Digital currencies

Hong Kong’s stablecoin law to take effect in August

The stablecoin ordinance passed in May takes effect on August 1, requiring issuers to be licensed by the Hong Kong Monetary Authority.

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Digital currencies

Hong Kong stablecoins poised to serve as a cross-border payment tool

‘Stablecoins have the potential to shorten the time for cross-border payment from days to minutes,’ Jingdong Coinlink’s Teddy Liu says.

Regulations on stablecoins are expected to significantly expand the use of these tokens around the world. Photo: Shutterstock
Regulations on stablecoins are expected to significantly expand the use of these tokens around the world. Photo: Shutterstock
Digital currencies

With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

Blockchain

‘A huge win for crypto’: US dismisses lawsuit against Binance

The dismissal marks a dramatic shift in the SEC’s regulatory stance on cryptocurrency under US President Donald Trump.

Blockchain

OKX sees tipping point for blockchain tech amid rising crypto sentiment

OKX chief commercial officer Lennix Lai says the exchange is focused on building compliant services in the US and Singapore, among other markets.

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OKX, one of the world’s largest cryptocurrency exchanges, moved its headquarters to the US this year. Photo: Shutterstock
Digital currencies

Vance says US should leverage bitcoin as strategic asset against China

US Vice-President J.D. Vance said China’s aversion to bitcoin should be reason for the US to lean into adopting the cryptocurrency.

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US Vice-President J.D. Vance delivers a keynote address at the Bitcoin Conference at the Venetian Convention & Expo Centre on May 28 in Las Vegas. Photo: AFP
US Vice-President J.D. Vance delivers a keynote address at the Bitcoin Conference at the Venetian Convention & Expo Centre on May 28 in Las Vegas. Photo: AFP
Digital currencies

Hong Kong’s crypto industry optimistic about stablecoin ‘legal clarity’

Animoca chairman Yat Siu said Hong Kong has ‘leapfrogged’ the US with its new stablecoin law, but experts warn of high short-term costs.

Digital currencies

After Trump crypto dinner, Justin Sun celebrates ‘strong signal’ to the industry

The Tron founder, with the largest holding of the $TRUMP memecoin, tells the Post that he sees recent US crypto moves affecting China.

Blockchain

Bitcoin hits record high as US-China trade tensions ease

‘A target of US$150,000 in 2025 is still very much on the cards,’ one analyst says.

A cryptocurrency exchange office in Hong Kong with a screen featuring US President Donald Trump. Photo: AFP/Getty Images/TNS
Hong Kong Monetary Authority (HKMA)

Hong Kong passes stablecoin law, clearing way for sales to public

Law sets up a ‘risk-based, pragmatic, and flexible regulatory regime’ with public protection in mind, head of city’s monetary authority says.

A view of Hong Kong’s Legislative Council Complex at Tamar in Admiralty on March 8, 2024. Photo: Jelly Tse
A view of Hong Kong’s Legislative Council Complex at Tamar in Admiralty on March 8, 2024. Photo: Jelly Tse
Blockchain

Crypto exchange Coinbase warns of US$400 million hit from cyberattack

Hackers have paid multiple contractors and employees working in support roles outside the US to collect information, the company says.

Digital currencies

Trump’s crypto ‘reset’ cheered by industry calling for more regulatory clarity

US crypto investors contributed millions of dollars to Trump’s election victory and did not conceal lingering contempt for Biden at Consensus.

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Digital currencies

Bitcoin gains as crypto investors bet on positive US-China trade talks

The rally followed news that the US treasury secretary and trade representative will meet with the Chinese government in Switzerland this week.

An employee watches an electronic signboard displaying the prices of bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul on November 21, 2024. Photo: AP
An employee watches an electronic signboard displaying the prices of bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul on November 21, 2024. Photo: AP
Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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Digital currencies

Hong Kong remains upbeat on Web3 amid crypto market turmoil from US tariffs

Officials again touted the strength of the local Web3 industry, while Binance founder CZ avoided the event despite recent activity in the city.

Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

About US$758 million worth of cryptocurrency wagers were liquidated in the past 24 hours, the most in nearly six weeks, according to Coinglass data. Photo: Shutterstock
Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

The call comes after cryptocurrency mogul Justin Sun denounced alleged ‘loopholes’ in Hong Kong’s trust regulations.

Justin Sun, founder of the Tron blockchain, speaks at a press conference on Thursday in Tsim Sha Tsui, where he accused First Digital Trust of misappropriating funds of a stablecoin operator he has links to. Photo: Edmond So
Justin Sun, founder of the Tron blockchain, speaks at a press conference on Thursday in Tsim Sha Tsui, where he accused First Digital Trust of misappropriating funds of a stablecoin operator he has links to. Photo: Edmond So
Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Cryptocurrency

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Cryptocurrency

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

Shares of US cryptocurrency exchange Coinbase fell 31 per cent in its worst quarterly performance since FTX collapsed near the end of 2022. Photo: Shutterstock
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