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Cryptocurrency

Cryptocurrency

News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.

Ant Digital, an affiliate of Chinese fintech giant Ant Group, is promoting its blockchain platform for asset tokenisation in Hong Kong. Photo: Shutterstock

Ant Digital promotes blockchain platform as Hong Kong implements stablecoin law

Ant Group affiliate aims to promote blockchain technology for the tokenisation of real-world assets, executive says.

7 Aug 2025 - 9:05PMvideocam

Video | What’s the hype about stablecoins?

7 Aug 2025 - 5:00PM

Hong Kong stablecoin regime a ‘double-edged sword’, analysts say

5 Aug 2025 - 11:00AM

Banking & finance

Opinion | Hong Kong can lead charge for yuan alternative to US stablecoin

As legislation and dollar stablecoin dominance give US a new lever of financial statecraft, with its new law, Hong Kong can develop a credible alternative.

5 Aug 2025 - 9:30AMvideocam

Illustration: Stephen Case

Wealth management

Hong Kong’s booming wealth sector to lead hiring and office expansion, HKMA says

Major private banks managed 14 per cent more assets in the first half and hired over 400 bankers in the last two years, HKMA’s Eddie Yue says.

4 Aug 2025 - 9:13AM

HKMA’s strict stablecoin regime to shape Hong Kong’s crypto future

Observers surprised after the city’s de-facto central bank says it plans to issue the first batch of licences early next year.

1 Aug 2025 - 11:08AM

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Crypto exchange OSL sees optimism rise as Hong Kong enters stablecoin era

The Hong Kong Monetary Authority is likely to issue the first batch of stablecoin licences early next year.

1 Aug 2025 - 9:11AM

Hong Kong’s stablecoin era sees heightened optimism over the virtual assets. Photo: Shutterstock

Legal Tales | The crypto frenzy and the legal response in Hong Kong

New framework strengthens Hong Kong’s position as a global digital asset hub by offering a sound regulatory environment.

31 Jul 2025 - 12:51PM

Hong Kong set to issue first stablecoin licences ‘early next year’

‘We aim to progress step by step, gradually driving the digital transformation of Hong Kong,’ HKMA deputy chief executive Darryl Chan says.

29 Jul 2025 - 10:13PMvideocam

China convicts crypto money launderers who embezzled US$20 million

The case adds to the amount of confiscated crypto assets accumulated by China, which prohibits the trading of such virtual assets.

29 Jul 2025 - 8:00PM

China has convicted a man accused of embezzling funds from his employer and laundering them in the cryptocurrency market. Photo: Shutterstock

Banking & finance

Editorial | HKMA right to warn against market speculation over stablecoins

With its coming licensing regime, Hong Kong must ensure its first-mover advantage in developing virtual-asset trading reinforces its position as a financial hub.

29 Jul 2025 - 9:01AM

A pedestrian walks past a currency exchange shop in Causeway Bay with a bank vault painted on its gate on May 5, 2024. Photo: Jelly Tse

Hong Kong economy

Hong Kong urged to speed up digital shift to protect global trade status

Hong Kong cannot afford to be complacent as competitors are making rapid progress, speakers at “Digital Trade Masterclass” warn.

28 Jul 2025 - 8:19PM

Banking & finance

China’s yuan reshaping global order – but US-backed stablecoins seen as a threat

New study shows yuan’s influence growing, but Washington’s digital finance push seen as risk to international monetary order.

28 Jul 2025 - 7:16PM

Banking & finance

Vanuatu looks to Hong Kong to support digital finance, economic plans

‘We have the digital transformation vision and I have got to look at places with experience like Hong Kong,’ Deputy PM Rasou says.

28 Jul 2025 - 7:30AM

Deputy Prime Minister Johnny Koanapo Rasou says Vanuatu is ready to embrace more foreign investors. Photo: Edmond So

US-China trade war

US-China talks | Europe win on rare earths | Politburo

This week: Trump and Xi tipped to meet at Apec summit, EU chiefs in China, US plans to restrict Chinese AI models. Next week: US-China trade talks resume, China July factory activity out, Politburo could address overcapacity.

25 Jul 2025 - 5:49PM

Photo: TNS

Hong Kong economy

Hong Kong urged to make itself ‘truly the world’s green financial centre’

US economist Jeffrey Sachs says Hong Kong’s role in sustainable development is ‘becoming central for the whole world’.

25 Jul 2025 - 1:26AM

Opinion | In debt-bloated US, stablecoin a new financial weapon in the making

Forget austerity, Trump has ‘big, beautiful’ spending plans and is exploring US bank-backed stablecoin to turn the spreadsheets around.

23 Jul 2025 - 4:30PMvideocam

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Hong Kong Monetary Authority (HKMA)

Stablecoin excitement ‘excessive’, Hong Kong Monetary Authority warns

HKMA chief executive Eddie Yue cautions against a ‘bubble’ based on excitement over companies promising stablecoin offerings.

23 Jul 2025 - 4:00PM

Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, speaks at an event on July 9, 2025. Photo: Elson Li

Banking & finance

Citigroup to explore stablecoins as Hong Kong and US regulations evolve

Clients are eager but seek clarity on use cases and the coins’ impact on balance sheets and liquidity, US bank’s head of services says.

23 Jul 2025 - 7:30AM

Banking & finance

Macroscope | In the face of global crises, markets seem out of step with reality

The stock market’s bullish sentiment amid tariff threats and hot wars feels a lot like the calm before a cataclysmic storm.

19 Jul 2025 - 5:23PMvideocam

Banking & finance

Exclusive | The world must rewrite its financial rules for the tokenised future: BIS

The rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, said the gatekeeper of the world’s central banks.

19 Jul 2025 - 4:09PMvideocam

Shin Hyun-Song, economic adviser and the head of the monetary and economic department of the Bank for International Settlements (BIS), during an interview in Hong Kong, with a photo of the bank’s headquarters in Basel, Switzerland, behind him on July 14, 2025. Photo: Jonathan Wong

China digital currency

Yuan stablecoin, China-EU summit and more

This week: Shanghai eyes stablecoins, China’s economy on track, trade war cools, Nvidia chips return. Next week: Chinese and EU leaders hold summit, US lawmakers probe Chinese scholarships and more.

18 Jul 2025 - 5:02PM

Image: Shutterstock

US House passes ‘Genius Act’ crypto regulation bill, sending it to Trump

The stablecoin vote marks a watershed moment for the digital asset industry, which has been pushing for US federal legislation for years.

18 Jul 2025 - 4:37AM

Banking & finance

ChinaAMC launches first tokenised yuan fund amid Hong Kong stablecoin push

Asset manager’s tokenised financial products are aligned with Hong Kong’s stablecoin framework, ChinaAMC (HK) CEO Tian Gan says.

17 Jul 2025 - 4:26PMvideocam

China Merchants Bank’s brokerage arm gets virtual asset licence in Hong Kong

The issuance could allow investors on the mainland to trade crypto assets in Hong Kong.

15 Jul 2025 - 5:32PM

Banking & finance

Stablecoin scams put China’s financial regulators in a high-stakes balancing act

After millions were defrauded by a stablecoin-linked investment ploy, local-level governments started sending out warnings.

14 Jul 2025 - 10:56PMvideocam

While stablecoins have become a buzzword in Beijing’s academic discussions, central bank authorities have maintained China’s crackdown on virtual currencies while remaining focused on developing a central bank digital currency. Photo: Getty Images

Bitcoin soars past US$120,000 as US pushes crucial digital asset legislation

The prospect of a clear US regulatory framework, along with bitcoin’s steady advance, has bolstered confidence among investors.

14 Jul 2025 - 7:00PM

Shanghai meeting signals softer stance on stablecoins after Hong Kong law

City to instruct government-controlled digital service provider and financial institution to study the feasibility of launching stablecoins.

14 Jul 2025 - 6:30PM

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