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Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
Stablecoin logos. Photo: Shutterstock
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

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Digital currencies

Crypto confiscated in Beijing to be liquidated in Hong Kong

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.

Jeremy Allaire, CEO and co-founder of Circle Internet Group reacts as Circle president Heath Tarbert rings a ceremonial bell to launch the company’s IPO at the New York Stock Exchange on Thursday. Photo: Reuters
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.

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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.

A visual representation of USDC stablecoins is shown in this arranged photograph. Photo: Shutterstock Images
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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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.

Hong Kong passed a bill on May 21 to regulate stablecoins. Photo: Shutterstock
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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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.

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
Hong Kong economy

Opinion | Cryptocurrencies are emerging as ‘digital gold’ in a shaky world economy

Demand is growing for borderless, neutral financial tools in a fragmenting world economy, with rising tariffs and alliances under strain.

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Donald Trump

Trump’s memecoin dinner made him millions. Critics call it cash for access

The US president and his allies pocketed US$320 million in trading fees, as the cryptocurrency $TRUMP surged in value ahead of the dinner.

Crime in Hong Kong

Hong Kong police smash cross-border syndicate that laundered HK$118 million

Twelve arrested in operation as authorities seek tougher action on fraud-related cases involving renting or selling personal bank accounts.

(From left) Chief Inspector Lo Yuen-shan, Superintendent Kwok Ching-yee and Senior Inspector Tse Ka-lun pose with items seized during an operation on Thursday. Photo: Nora Tam
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.

The Coinbase logo seen in New York’s Times Square. Photo: AP Photo
Hong Kong property

Meitu founder’s wife buys Hong Kong luxury home for US$60 million

Wang Baoshan paid 22 per cent less than the asking price for the 5,466 sq ft detached house at 8 Perkins Road.

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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