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Blockchain
The latest news, analysis and opinion on Blockchain. In-depth analysis, industry insights and expert opinion.
A woman walks past a currency exchange shop in Causeway Bay with a bank vault painted on its gate on May 5, 2024. Photo: Jelly Tse
Digital currencies

Opinion | How Hong Kong can win race to become world’s tokenisation hub

The question is not whether tokenisation will reshape finance but who will shape it. Hong Kong’s strategy sets it apart from the pack.

Digital currencies

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

Hong Kong economy

Hong Kong striving to create favourable environment for stablecoins: Paul Chan

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’.

Hong Kong is looking to take a lead in key areas of the digital asset industry, including stablecoins and tokenisation. Photo: Shutterstock
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.

Banking & finance

Are stablecoins the future? Don’t bank on it, warns the bank for central banks

Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints a future picture of a different financial system.

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Banking & finance

Beijing could use Hong Kong to test yuan-linked stablecoins: Morgan Stanley

Beijing’s digital currency ambitions are unlikely to unlock the full potential of the yuan’s internationalisation, analysts say.

Hong Kong has established the world’s first regulatory regime for stablecoins, with the law set to take effect from August 1. Photo: Shutterstock
Yuan

China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged

The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.

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Digital currencies

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.

Donald Trump

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
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.

Stablecoins are digital tokens pegged to a reference asset like a fiat currency. Photo: Shutterstock
Hong Kong

InvestHK pivots to support Hong Kong start-ups’ global growth

After 25 years promoting the city as an investment destination, InvestHK is now championing Hong Kong companies’ overseas expansion.

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.

Hong Kong

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.

A view of Hong Kong’s central business district on October 9, 2024. Some analysts see the city’s new stablecoin law as providing advantages for maintaining its position as a finance hub. Photo: May Tse
Digital currencies

Hong Kong law creates firm foundation for stablecoins

Hong Kong’s strict licensing and reserve requirements could help pry China off the crypto sidelines and loosen the US dollar’s grip on global financial markets.

Photo: Shutterstock
Hong Kong economy

Opinion | With stablecoin law, Hong Kong is reasserting its financial supremacy

While rivals like Singapore hedge their regulatory bets, Hong Kong is betting that institutional investors value clarity and transparency.

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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.

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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.

Hong Kong’s ordinance for licensing stablecoin issuers is set to take effect on August 1. Photo: Shutterstock
Pakistan

Pakistan’s bitcoin reserve plan aims to turn energy surplus into tech investment

The strategy to diversify the economy and hedge against currency volatility carries high risks, but the rewards could be great, analysts say.

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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.

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.

Citic Securities is expecting more mainland tokenisation projects to start up in Hong Kong now that the city has passed a law regulating stablecoin issuance. Photo: Reuters
Digital currencies

‘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.

The US SEC has dropped its enforcement case against cryptocurrency exchange Binance. Photo: Reuters
Cryptocurrency

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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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.

Fintech

Ant International: numerical AI is the GPT of financial services

Singapore-based company says model accurately predicts trading volumes and reduces unnecessary hedging and risk-premium costs.

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A pedestrian passes in front of a currency mural on a shop’s gate in Hong Kong on December 26, 2024. Photo: Antony Dickson
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.

Justin Sun attends the gala dinner for crypto investors held by US President Donald Trump at his golf club in Washington. Photo: Justin Sun
US-China trade war

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.

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.

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