TOPIC

Stablecoins

Stablecoins
Stablecoins are cryptocurrencies that maintain a stable value by being pegged to a reference asset, typically backed by fiat currency such as the US dollar, offering a less volatile alternative to other digital assets.
Abu Dhabi, the capital of the United Arab Emirates, started regulating cryptocurrencies in 2018. Photo: Shutterstock
Blockchain

Coins in sand: how the UAE draws in the global crypto community

At Abu Dhabi Finance Week, insiders give credit to the UAE’s regulatory infrastructure and institutional adoption of digital assets.

United States

‘Crypto king’ Do Kwon gets 15 years in prison for misleading investors

IPO

HashKey aims for US$214 million in Hong Kong IPO amid Beijing’s crypto pressure

Blockchain

Chinese industry bodies issue RWA tokenisation warning amid Beijing’s crackdown

This was the mainland associations’ first warning to members as Chinese authorities have explicitly targeted RWA tokenisation.

RWA tokenisation is touted as a way to allow faster and cheaper financial transactions. Photo: Shutterstock
Open Questions series

Open Questions | Huang Yiping on AI and stablecoins’ risks and rewards for China

Influential economist says growth in artificial intelligence must protect livelihoods and Chinese central bank’s cryptocurrency caution is warranted.

videocam
Cryptocurrency

HashKey’s IPO seeks US$300 million under shadow of Beijing’s regulatory scrutiny

HashKey is likely to debut on the Hong Kong stock exchange within the next two to three months ‘if it receives adequate investor interest’.

Advertisement
Advertisement
Advertisement
China digital currency

Beijing’s crypto warning casts shadow over Hong Kong’s stablecoin ambitions

Hong Kong’s pioneering stablecoin rules have attracted 30 applicants – will Beijing’s latest warning force the city to rethink its ambitions?

The People’s Bank of China has said stablecoins do not meet the mainland’s requirements on customer identification and anti-money laundering. Photo: Shutterstock
IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

Banking & finance

China’s PBOC underlines tough stance on virtual currencies like stablecoins

Speculative activities in virtual currencies have resurfaced, PBOC statement warns after multi-department regulatory meeting.

videocam
Stablecoins may be exploited for illegal purposes such as fundraising fraud and unauthorised cross-border fund transfers, the People’s Bank of China has warned. Photo: Shutterstock
Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

videocam
Illustration by Henry Wong
China trade

Explainer | How some Chinese exporters benefit from US dollar-backed stablecoins

From navigating trade restrictions to overcoming regulatory barriers, more traders are embracing the digital asset – but not without risks.

videocam
Japan

Opinion | As Japan takes aim at crypto, first mover Hong Kong must look out

The Takaichi government’s pro-digital assets policies place Tokyo as a direct and serious competitor to Hong Kong.

videocam
Law

Legal Tales | How Hong Kong’s law protects those drawn to crypto and virtual asset investments

City has introduced groundbreaking, tailor-made laws designed to protect the public when investing in new class of financial products.

The price of bitcoin fell to as low as about US$16,000 in late 2022. Photo: Jelly Tse
India

India’s debt-backed stablecoin challenge to US dollar dominance explained

Advocates argue the ARC token will lower India’s borrowing costs, strengthen the rupee and stem outflows to dollar-backed cryptocurrencies.

US dollar banknotes. Analysts say India’s stablecoin move “asserts the trend towards de-dollarisation”. Photo: dpa
Cryptocurrency

US, Chinese authorities ramp up actions against syndicates running crypto scams

Syndicates either trick or coerce targeted victims to invest in bogus schemes and transfer funds via bitcoin, ether or stablecoins.

videocam
Banking & finance

Hong Kong central to Standard Chartered’s digital finance strategy: CEO

Fintech-friendly regulations have convinced the bank to anchor its digital-asset ventures in the city, Bill Winters says.

Advertisement
Advertisement
Advertisement
Cryptocurrency

Hong Kong pushes adjustments to digital-asset rules as Beijing remains cautious

The changes show a ‘clear shift in focus from building guardrails to enabling growth’ in the sector, Clarient Advisory’s Joy Lam says.

The SFC’s latest digital asset-related initiatives aimed to “connect Hong Kong with global liquidity”. Photo: Shutterstock
Fintech

‘Superconnector’ Hong Kong gets boost from Beijing

China is ramping up support for Hong Kong’s finance sector as it develop the city’s role as a link between the mainland and global markets.

Blockchain

Ant touts ‘tokenised money’ for settlement but remains mum on stablecoin plans

Ant has used tokenised bank deposits to achieve cross-bank real-time settlement this year through Hong Kong’s Project Ensemble.

Blockchain

Solana event cut short as China’s stablecoin warning sparks unease

While organisers attribute the disruption to overcapacity, some industry players fear a renewed crackdown on cryptocurrencies.

Police inquiry about a Solana event in Shenzhen has sparked unease within the Chinese cryptocurrency community. Photo: Handout
Ant Group

Ant Group seeks ‘Antcoin’ trademark in Hong Kong as city embraces crypto

The Antcoin trademark filing has drawn attention, as Hong Kong’s digital asset development comes under scrutiny from Beijing.

The Ant Group booth at the China International Fair for Trade in Services in Beijing, September 10, 2025. Photo: Reuters
Banking & finance

China doubles down on crypto crackdown as central bank vows to expand digital yuan

PBOC chief Pan Gongsheng warns of stablecoin risks, pledges wider e-CNY use and tighter oversight of virtual currencies.

Cryptocurrency

Why China’s pause on stablecoins will not dampen Hong Kong’s digital asset hub push

The directive reflects Chinese regulators’ attempts to cool down months of fervour surrounding stablecoins in Hong Kong.

4
Blockchain

Crypto cooperation between Hong Kong, mainland China to benefit sector: experts

The mainland already leads in fintech growth, while Hong Kong is at the forefront of crypto regulation.

At the Global Blockchain Summit in Shanghai, some experts called for greater efforts on making “more standards and rules” in the crypto industry amid its continued expansion. Photo: Shutterstock
Hong Kong

Hong Kong launches Asia’s first Solana ETF ahead of the US

Launched by fund manager ChinaAMC (HK), the ETF will offer returns that closely correspond to the performance of the SOL token.

The Solana network was founded in 2017 and took off in popularity in 2021 during the non-fungible token boom. Photo: Shutterstock
Banking & finance

Hong Kong dollar peg here to stay despite global shifts: currency architect

The US dollar will still be the dominant currency for several more decades, economist behind Hong Kong’s currency board system says.

Asean

Asian Angle | Safer than cash? The real risks cryptocurrency poses to Southeast Asia

Crypto’s champions argue the technology offers unmatched transparency and security. But a closer look at the numbers tells a different story.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement