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Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
An activist in Sterling, Virginia, calls out an attendee at an exclusive dinner at the Trump National Golf Course, on May 22. Photo: AP
Banking & finance

Macroscope | How the obsession with risky assets is putting global finance in peril

From the speculative frenzy over digital assets to the assault on bond markets, the next financial crisis will be self-inflicted.

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Bitcoin

Bitcoin, other cryptocurrencies sink after Israel air strikes on Iran

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India-Pakistan tensions

Crypto, China, critical minerals: inside Pakistan army chief’s US visit

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Crime in Hong Kong

Customs works with University of Hong Kong to develop crypto transaction tracer

Seven suspected money laundering cases using virtual assets have been recorded in recent years involving HK$9 billion, department says.

A customs official has warned that illegal transactions and trades involving virtual assets, such as cryptocurrency, are on the rise. Photo: DPA
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

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.

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Malaysia

US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

MBI Group’s Malaysian founder has been called ‘Jho Lo 2’ because of the sheer scale of his operation.

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Tedy Teow being extradited to China on August 20, last year. Photo: Ministry of Public Security
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.

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.

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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Hong Kong’s new stablecoin regulation plugs into the broader digital infrastructure the city has quietly built. 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.

The Beijing Public Security Bureau has become the first law enforcement agency in China to detail a process for liquidating confiscated cryptocurrencies through Hong Kong. Photo: Reuters
Digital currencies

China Renaissance’s investment in stablecoin issuer Circle pays off

The Chinese bank invested in the US tech firm in 2018 through its Huaxing New Economy Fund.

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.

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
Hong Kong politics

Hong Kong’s still ‘over’ but Stephen Roach says city a surprise trade war winner

American economist stands firm on claims that parts of city’s ‘image’ have got ‘worse’, but admits getting prediction wrong on impact of trade war.

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Economist Stephen Roach has said American investors have developed an “unwillingness” to distinguish Hong Kong from the rest of China. Photo: Xiaomei Chen
Banking & finance

Explainer | What is the Genius Act, and can it really cement US dollar supremacy?

The US’ new crypto regulation bill aims to ensure the dollar remains the world’s reserve currency.

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The Philippines

US sanctions Philippine tech firm over ‘pig butchering’ romance scams

Funnull Technology’s infrastructure supported more than 332,000 domain names linked to cryptocurrency scams, US Treasury Department says.

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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
My Take

My Take | Hong Kong’s stablecoin ambitions offer Chinese yuan a way into the crypto world

Beijing’s tolerance of and supportive attitude towards Hong Kong’s stablecoin ambitions is interesting to observe.

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
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.

Bitcoin

Explainer | What to know about stablecoins in light of new Hong Kong regulation

Five key questions about the stablecoin cryptocurrency token are answered.

China’s crackdowns

China’s internet watchdog cracks down on false financial claims, stock touting

Top cybersecurity agency shuts down more than a dozen social media accounts amid growing concerns over finance influencers.

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An electronic board shows Shanghai and Shenzhen stock indices as people cross a pedestrian bridge in Shanghai on April 3. China’s top internet watchdog is targeting social media accounts that spread false information about the capital markets. Photo: Reuters
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
Banking & finance

Opinion | For central bankers, gold’s safe-haven status has never looked better

Those considering other currencies or methods of payment as alternatives to the US dollar are simply looking in the wrong place.

Donald Trump

Trump hosts memecoin dinner, mixing presidency with crypto interests

Some 220 of the biggest investors in the $TRUMP memecoin were invited to Trump’s luxury golf club for event.

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