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Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
Illustration: Henry Wong
Yuan

Open Questions | Kenneth Rogoff on why China’s yuan will be a reserve currency within 5 years

Harvard economist explains why cryptocurrencies will never take the US dollar’s place, despite their popularity in underground economies.

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Crime in Hong Kong

Police charge another 10 people over HK$1.6 billion JPEX cryptocurrency scandal

US-China relations

Open Questions | Euro, Chinese yuan to end US dollar dominance, top economist says

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Banking & finance

Open Dialogue | Gary Liu and Liu Xiaochun on the US and China’s divergent paths for stablecoins

As investors await Hong Kong’s first stablecoin licences, two experts discuss the assets’ integration with the city’s economy – and the world’s.

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Illustration: Henry Wong
Regulation

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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US-China relations

US-China split on digital money deepens as stablecoin debate stalls Clarity Act

Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.

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Fintech

Exclusive | HSBC, Standard Chartered tipped to win Hong Kong stablecoin licences in 2 weeks

The approvals would mark a milestone in Hong Kong’s push to regulate stablecoins while positioning itself as a global digital asset centre.

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Hong Kong’s stablecoin initiative is part of efforts strengthen the city’s bid to become a global digital asset hub. Photo: Getty Images
United States

Crypto billionaire Justin Sun settles US fraud case for US$10 million

The SEC sued Sun and his firms for securities fraud in 2023, but put the case on hold following Trump’s return to the White House.

Banking & finance

HSBC signals intent to join Hong Kong’s stablecoin regime amid digital hub push

Georges Elhedery declined to confirm whether HSBC applied for stablecoin licence but indicated that discussions with regulator were ongoing.

Hong Kong budget 2026-27

Hong Kong’s virtual asset sector considered for taxation under policy review

Latest budget announces new government committee to be tasked with reviewing Hong Kong’s tax policies.

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A pedestrian passes in front of a currency mural on a shop’s gate in Hong Kong. Photo: Antony Dickson
Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Illustration: Lau Ka-kuen
Bitcoin

‘Sentiment is bleak’: bitcoin declines amid geopolitical tensions

Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline.

Fintech

Can Hong Kong lead a digital gold trading revolution with blockchain innovation?

Beyond banks, asset managers, fintechs and crypto firms are racing to launch innovative tokenised gold products for investors.

Vietnam

‘Everyone became greedy’: how Vietnam’s crypto gold rush ended in ruins

Vietnam’s crypto boom faces a harsh winter as investors lose fortunes, bankruptcies and lay-offs roil the industry.

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A Vietnamese cryptocurrency investor looks at the latest bitcoin values on a laptop in Hanoi. Photo: AFP
Bitcoin

Crypto rout set to deepen as Standard Chartered warns of further downside risks

Bank expects a ‘price capitulation in the next few months’ before recovering for the rest of the year.

A bitcoin ATM in San Rafael, California. Photo: Getty Images via AFP
Bitcoin

Policy to products: Web3 innovation takes centre stage at Consensus Hong Kong

SFC CEO Julia Leung Fung-yee announced that the regulator will greenlight virtual asset margin financing for clients with strong credit profiles.

Yuan

‘The Trump factor’ could be luring more foreign investors to China. Here’s why

Global volatility is forcing a rethink of traditional safe havens, creating opportunities for Beijing, prominent investor says.

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Banking & finance

Hong Kong bridges traditional, digital finance with new virtual asset initiatives

The first initiative will allow licensed virtual asset brokers to offer margin financing to clients with strong credit profiles.

Hong Kong’s SFC unveiled new initiatives on Wednesday aimed at further developing the city’s virtual asset sector. Photo: Shutterstock Images
Bitcoin

Consensus 2026 kicks off in Hong Kong amid tighter Beijing oversight

Organised by CoinDesk, the event is an important gathering for digital finance and cryptocurrency professionals.

Stablecoins

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

Stablecoins

China tightens crypto crackdown with onshore RWA tokenisation ban

Domestic entities, as well as offshore entities under their control, cannot issue virtual currencies overseas without approval.

The notice also said that no entities can issue yuan-pegged offshore stablecoins without approval. Photo: Shutterstock Images
South Korea

Cryptic error sees South Korea’s Bithumb give away over US$40 billion

Bitcoin prices briefly slumped 17 per cent on the cryptocurrency exchange after the transfers but later recovered.

Bithumb employees pass by an electronic signboard displaying the prices of bitcoin at the cryptocurrency exchange in Seoul on November 21, 2024. Photo: AP
Hong Kong economy

Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

Dozens seen queuing at cryptocurrency shops at Admiralty Centre to buy bitcoin after price fell by more than half from its peak.

US-China trade war

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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United States

Bitcoin drops, driving US$2 trillion slide in crypto market value

The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Trump won the US election.

Bitcoin tumbled below US$70,000 on Thursday as negative momentum deepened across cryptocurrencies. Photo: AFP
Bitcoin

Hong Kong crypto investors stay cautious but upbeat as bitcoin sell-off deepens

Bitcoin’s steep pullback has rattled global crypto markets, but in Hong Kong clearer rules on stablecoins are underpinning confidence.

Hong Kong is hoping to position itself as a digital asset hub. Photo: Shutterstock
Spain

Chinese hair salon owner arrested in Barcelona for funding Hamas via crypto

The 38-year-old Chinese national faces terror financing charges after allegedly laundering US$715,000 via cryptocurrency to the militant group.

South Korea

73 South Koreans repatriated from Cambodia face online scam probe

Arriving in handcuffs, the suspects allegedly scammed fellow South Koreans out of US$33 million.

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