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Blockchain

Blockchain
The latest news, analysis and opinion on Blockchain. In-depth analysis, industry insights and expert opinion.
A collection of rough and polished diamonds. Photo: Handout
China’s private sector

Natural diamond firms turn to blockchain traceability amid lab-grown competition

The Gemological Institute of America is set to acquire a stake in Tracr, which has developed a blockchain platform to trace diamond origin.

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Banking & finance

Hong Kong taps group of experts to help rewrite rules for tokenised bonds

Gold in Hong Kong

Low-cost gold ETF launched as Hong Kong links bullion trading with blockchain

Hong Kong economy

Hong Kong minister touts gold as ‘bridge between conventional and new finance’

Treasury chief Christopher Hui also says city opted against separate regulatory authority for digital assets to support ‘convergence’.

A panel session on cryptocurrencies and digital assets is held at the Global Prosperity Summit. Photo: Karma Lo
Art

Are NFTs the hero or villain in the contemporary art scene?

In March, Art Basel Hong Kong featured a dedicated space for digital practices, raising the question: what’s next for non-fungible tokens?

United States

Trump family’s crypto project sues billionaire backer Justin Sun

The Trumps’ World Liberty Financial accused Sun of launching a ‘public smear campaign’.

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Cryptocurrency

Hong Kong a key global hub for USDC cross-border payments: Circle CEO

Circle recently announced a partnership with Hong Kong-listed OSL Group to expand USDC offerings in the city.

Circle hopes to see USDC approved as a foreign stablecoin in Hong Kong. Photo: Shutterstock Images
North Korea

North Korea’s Lazarus suspected of stealing US$290 million from KelpDAO

Ethereum was ‘drained’ from KelpDAO in the biggest known cryptocurrency heist so far this year.

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Artificial intelligence

Crypto industry sees AI-driven agent economy as next growth driver

Experts gather in Hong Kong for Web3 Festival as firm predicts AI agents could facilitate up to US$5 trillion in global crypto sales by 2030.

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China digital currency

Hong Kong seen leading Asia in push to scale stablecoins, HSBC says

Interoperability and real-world applications seen as key hurdles as city looks to unlock tokenisation’s full potential.

As part of its push to establish itself as a global cryptocurrency hub, Hong Kong has developed a comprehensive regulatory framework for digital assets. Photo: Jelly Tse
Hong Kong economy

Hong Kong, mainland China sign ‘milestone’ MOU on promoting digital economy

Memorandum of understanding covers topics including AI promotion, cross-boundary data flow and blockchain.

Cyberspace Administration of China director Zhuang Rongwen (left) with Hong Kong leader John Lee. Photo: ISD
Banking & finance

Calls grow for HKMA to go further on stablecoins after conservative first batch

Analysts and investors say the HKMA’s cautious approach prioritises risk control, but limits Hong Kong’s digital asset ambitions.

Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Hong Kong economy

Letters | Hong Kong is not competing with US stablecoins or the digital renminbi

Readers discuss the city’s stablecoin ambitions, the use of e-payments, and the role eHealth could play in stroke prevention.

A visitor displays a cup of coffee purchased with China’s digital yuan, or the e-CNY, at the Digital China Summit in Fuzhou, southeast China’s Fujian Province, on April 26, 2023. Photo: Xinhua
Banking & finance

Open Dialogue | Gary Liu and Liu Xiaochun on the US and China’s divergent paths for stablecoins

As investors await Hong Kong’s first stablecoin licences, two experts discuss the assets’ integration with the city’s economy – and the world’s.

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Illustration: Henry Wong
Cryptocurrency

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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US-China relations

US-China split on digital money deepens as stablecoin debate stalls Clarity Act

Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.

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Banking & finance

Hong Kong, Shanghai sign pact on digital trade finance, cross-border data link

‘This marks an important milestone in the collaboration on financial innovation between Shanghai and Hong Kong,’ HKMA’s Howard Lee says.

The collaboration with Hong Kong is expected to help Shanghai realise innovative applications in digitised cargo trade and finance. Photo: Getty Images/iStockphoto
Banking & finance

HSBC signals intent to join Hong Kong’s stablecoin regime amid digital hub push

Georges Elhedery declined to confirm whether HSBC applied for stablecoin licence but indicated that discussions with regulator were ongoing.

Fintech

Can Hong Kong lead a digital gold trading revolution with blockchain innovation?

Beyond banks, asset managers, fintechs and crypto firms are racing to launch innovative tokenised gold products for investors.

Cryptocurrency

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

Stablecoins represent the most widely adopted use case for real-world assets on blockchains. Photo: Shutterstock
Hong Kong economy

Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

Dozens seen queuing at cryptocurrency shops at Admiralty Centre to buy bitcoin after price fell by more than half from its peak.

People visit a cryptocurrency shop in Admiralty. Photo: Edmond So
US-China trade war

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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United States

Bitcoin drops, driving US$2 trillion slide in crypto market value

The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Trump won the US election.

Bitcoin

Hong Kong crypto investors stay cautious but upbeat as bitcoin sell-off deepens

Bitcoin’s steep pullback has rattled global crypto markets, but in Hong Kong clearer rules on stablecoins are underpinning confidence.

Hong Kong is hoping to position itself as a digital asset hub. Photo: Shutterstock
Fintech

China second to US in global AI finance index, with Hong Kong third as city hub

China rated the strongest country in converting AI capacity into production use, while Hong Kong trailed New York and London as finance hub.

China outperformed all countries in financial sector AI maturity, according to the Global AI Competitiveness Index. Photo: Reuters
Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

Banking & finance

Opinion | To harness crypto ingenuity, financial threat must first be neutralised

Future of money must be shaped by competition between private ingenuity and public purpose, not by rent seeking and speculative bubbles.

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