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TOPIC

Digital currencies

Digital currencies
The latest news, analysis and opinion on Digital currencies. In-depth analysis, industry insights and expert opinion.
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Science

Chinese scientists break design ‘curse’ that killed US Navy’s drone programme

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The US X-47B programme was cancelled 10 years ago. Photo: AP

China Economy

Why is China converting cargo ships into giant floating fish farms?

The Zhe Dai Yu Yang 60001 is an ageing bulk carrier that has been converted into a giant mobile fish farm. Photo: Handout

Trending in China

Chinese student in Myanmar scam freed after gang realises he has ‘bright future’

A Chinese student who was tricked into a Myanmar scam was released when the gang realised he had a “bright future”. Photo: SCMP composite/AP/Douyin/Sohu

People

Malaysian security guard says ‘hit me’, counts cost of viral knockout

Muhammad Alim Muhamad Adnizam (right) challenging MMA coach Tony Lim to a fight. Alim had to get stitches after being knocked out. Photo: handout

Science

China unveils next-gen high-speed rail tech as US puts brakes on bullet train

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China’s CR450AF EMU (left) and CR400AF-S EMU trains are displayed at the 12th UIC High-Speed Railway Congress at the National Railway Test Center in Beijing on July 9. Photo: EPA
In a landmark win for the ascendant cryptocurrency industry and US President Donald Trump, the US Senate has passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. Photo: Shutterstock
Stablecoins

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.

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Hong Kong Monetary Authority (HKMA)

Stablecoin excitement ‘excessive’, Hong Kong Monetary Authority warns

Banking & finance

Citigroup to explore stablecoins as Hong Kong and US regulations evolve

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.

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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
United States

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.

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.

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Blockchain

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.

The logo of the Securities and Futures Commission. Photo: Yik Yeung-man
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.

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Mainland China

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.

Banking & finance

Exclusive | Hong Kong embraces digital assets to solve economic problems: Chris Hui

Hong Kong’s push for stablecoins and tokenised assets aims to solve global economic challenges, positioning the city as a leading fintech hub.

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Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, during an interview with the Post on July 9, 2025. Photo: Jonathan Wong
Tourism

Crypto kingdom: Bhutan goes all-in on bitcoin tourism

With over 1,000 vendors now accepting crypto payments, Bhutan is wagering on rapid adoption luring tech-savvy travellers and fuelling growth.

Bhutan is the world’s first nation to unveil a countrywide, government-backed system enabling visitors to pay for virtually every aspect of their stay using digital currencies. Photo: Marcus Westberg
Stablecoins

China’s state-asset watchdog explores role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission calls on state-backed firms to study the role of digital assets in trade.

Blockchain

Bitcoin hits another record as options traders eye US$120,000

Bitcoin’s breakout is fuelled in part by institutional demand and bullish comments made by Trump on social media.

India

Beyond gold: India sees America’s bitcoin reserve – and eyes its own

While a ‘measured bitcoin strategy’ could boost India’s economic resilience, the country lacks a proper framework for cryptocurrencies, analysts say.

Bitcoins are a form of digital money outside the control of any one person, group or entity, and have been compared to the modern-day equivalent of a traditional asset such as gold. Photo: TNS
Yuan

Why the yuan can be safe-haven currency: former bank official flags ‘advantages’

Authors, including the PBOC’s former statistics head, call for ‘a new vision where multiple currencies jointly support global financial stability’.

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China’s yuan has shown resilience in the face of US tariffs. Photo: dpa
Blockchain

Bitcoin hits record US$112,000 amid Wall Street rally, crypto surge

Traders should stay vigilant for potential profit-taking or macroeconomic shifts that could spark corrections, one analyst says.

China digital currency

Opinion | Amid dollar disappointment, China opens new front with e-CNY push

Subtle shift under way as fintech merges with geopolitics: e-CNY is a way to evade US sanctions and dollar volatility but also carries risks.

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Blockchain

Eric Trump to headline Bitcoin Asia 2025 conference in Hong Kong

The August event comes as the race for crypto supremacy has intensified, with both Hong Kong and the US moving to legalise stablecoins.

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Eric Trump, the second eldest son of US President Donald Trump, is set to attend next month’s Bitcoin Asia conference in Hong Kong. Photo: Reuters
Cryptocurrency

Singapore’s crypto exchange crackdown seen benefiting Hong Kong

Hong Kong’s Web3 industry sees benefits from the end of regulatory arbitrage by exchanges in Singapore serving overseas customers.

Banking & finance

Economist Huang Yiping floats Hong Kong as stablecoin staging ground

A digital currency pegged to the offshore yuan would be more workable in Hong Kong than mainland China, the central bank adviser says.

Banking & finance

Opinion | How Hong Kong can win race to become world’s tokenisation hub

The question is not whether tokenisation will reshape finance but who will shape it. Hong Kong’s strategy sets it apart from the pack.

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

Mainland Chinese digital yuan partner to develop stablecoin tech in Hong Kong

Shenzhen-listed North King says Hong Kong will be a springboard into international fintech markets, with plans for stablecoin wallets.

Mainland firms are increasingly looking for ways to tap into Hong Kong’s embrace of cryptocurrency. Photo: Shutterstock
Banking & finance

Explainer | The world is going all in on stablecoins. Is China’s digital yuan any different?

While the two appear similar, China’s digital currency is quite different from the cryptocurrencies many economies are rushing to regulate.

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Hong Kong economy

Hong Kong striving to create favourable environment for stablecoins: Paul Chan

Financial secretary says authorities ‘aim to help resolve practical pain points for businesses and everyday citizens’.

Cryptocurrency

Hong Kong sharpens crypto hub focus amid rising global competition

Hong Kong is seeking an early lead in stablecoins and tokenisation as Trump pushes the US to become the ‘crypto capital of the planet’.

Hong Kong is looking to take a lead in key areas of the digital asset industry, including stablecoins and tokenisation. Photo: Shutterstock
Stablecoins

Hong Kong makes public stablecoin adoption a top priority in digital asset push

The government is calling for new proposals to test stablecoin applications and make tax concessions for digital asset holdings.

Pedestrians walk past a cryptocurrency dealership with ATMs on the outside in Causeway Bay on January 31. In a new policy statement, the Hong Kong government has proposed tax concessions for profits on cryptocurrencies. Photo: Antony Dickson
Banking & finance

Opinion | We’re sleeping on threats from AI, shadow banking and cryptocurrency

The financial industry’s use of emerging technologies could lead to cascading crises if regulators don’t act fast to enforce transparency.

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Banking & finance

Are stablecoins the future? Don’t bank on it, warns the bank for central banks

Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints a future picture of a different financial system.

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