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Digital currencies

Digital currencies
The latest news, analysis and opinion on Digital currencies. In-depth analysis, industry insights and expert opinion.
Ant International is one of the largest tech firms yet to announce its intention to issue a stablecoin in Hong Kong. Photo: Ant International
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

Malaysia

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

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Banking & finance

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
Banking & finance

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

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
Mainland China

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.

Hong Kong

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.

IPO

Stablecoin firm Circle’s shares double in wild trading debut

Shares of the stablecoin issuer close 168 per cent higher in volatile trading.

Circle Internet Group’s IPO debuted on the New York Stock Exchange on Thursday. Photo: Reuters
Hong Kong

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
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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Blockchain

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.

Singapore

Is Asia ditching the dollar? China’s yuan, gold, and bitcoin drive trade shifts

Asian economies are exploring de-dollarisation, amid geopolitical risks, signalling a monetary shift towards a multipolar monetary system.

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Asian economies are progressively reducing their reliance on the US dollar. Photo: Shutterstock
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.

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

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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Cryptocurrency

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
Blockchain

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.

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.

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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In Asia, Hong Kong has emerged as a first mover – licensing exchanges, regulating stablecoin and approving cryptocurrency ETFs – positioning itself as a regional anchor in the digital asset economy. Photo: Shutterstock
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.

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.

Donald Trump

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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Donald Trump, who was then Republican presidential candidate, gestures at the Bitcoin 2024 event in Nashville, Tennessee, on July 27, 2024. Photo: Reuters
Family offices

Why multifamily offices could yield bigger benefits for Hong Kong

Hong Kong can boost its economy, create jobs and generate positive global image with multifamily offices, Raffles Family Office CEO says.

Raffles Family Office has opened a new office in Hong Kong as it seeks to expand its services for its clients. Photo: Edmond So
Bitcoin

Bitcoin gains as crypto investors bet on positive US-China trade talks

The rally followed news that the US treasury secretary and trade representative will meet with the Chinese government in Switzerland this week.

North Korea

North Korean hackers set up fake US firms to target cryptocurrency developers

Blocknovas and Softglide used malware to access cryptocurrency wallets, passwords and credentials, cybersecurity researchers say.

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