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The awarding of stablecoin issuer licences marks the city’s latest step towards embracing cryptocurrency’s most-traded cash substitute. Photo: Reuters
Fintech

HSBC, StanChart-led group among first to get stablecoin licences in Hong Kong

HSBC will launch its Hong Kong dollar stablecoin in the second half of this year, integrating it into its PayMe and mobile banking platforms.

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Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

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Cryptocurrency

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

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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
Hong Kong’s stablecoin initiative is part of efforts strengthen the city’s bid to become a global digital asset hub. Photo: Getty Images
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 seeks to hone edge as offshore yuan hub, digital-asset front runner

Market participants largely welcome Paul Chan’s renewed push to strengthen Hong Kong’s position as an international financial centre.

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Banking & finance

Hong Kong, UAE solidify financial links with regulatory ties, digital currency

Transaction volume under Project mBridge surged over 2,500-fold from the early 2022 pilot levels to more than US$55 billion by November 2025.

A view of the Dubai skyline in the United Arab Emirates. Photo: Getty Images
A view of the Dubai skyline in the United Arab Emirates. Photo: Getty Images
Cryptocurrency

‘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.

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
Cryptocurrency

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.

A booth at last year’s Consensus held at the Hong Kong Convention and Exhibition Centre, February 19, 2025. Photo: AFP
A booth at last year’s Consensus held at the Hong Kong Convention and Exhibition Centre, February 19, 2025. Photo: AFP
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.

Cryptocurrency

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.

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

Digital finance in 2026: what to expect as pilots move into real-world adoption

While digital money experiments promise greater efficiency, they also risk deeper fragmentation and regulatory pitfalls, experts warn.

Cryptocurrency

Trip.com tests stablecoin, offering USDT and USDC for prepaid bookings

The travel platform switched on stablecoin checkout in select markets, a cautious offshore pilot as Beijing keeps crypto crackdown in place.

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Hong Kong economy

Hong Kong to broaden crypto rules with new licences for dealers and custodians

New frameworks mooted for virtual asset dealing and custodian services, as Hong Kong forges ahead with plans to become a digital-asset hub.

Regulators said on Wednesday they would finalise legislative proposals for two new licensing frameworks. Photo: Shutterstock
Regulators said on Wednesday they would finalise legislative proposals for two new licensing frameworks. Photo: Shutterstock
IPO

HashKey shares debut flat in Hong Kong amid bitcoin bear market

The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised US$206 million in the city’s first crypto-native IPO.

Banking & finance

Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Think tank urges the expansion of connect schemes to cover a wider range of asset classes and the promotion of digital asset trading.

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.

Abu Dhabi, the capital of the United Arab Emirates, started regulating cryptocurrencies in 2018. Photo: Shutterstock
Banking & finance

Swift tests blockchain with Ant International and HSBC in cross-border trial

By using the ISO 20022 messaging standard, the partners say they can make tokenised deposits interoperable with legacy systems.

Singapore-based Ant International and HSBC connected Ant’s blockchain infrastructure to Swift’s network, allowing real-time cross-border treasury management. Photo: Shutterstock
Singapore-based Ant International and HSBC connected Ant’s blockchain infrastructure to Swift’s network, allowing real-time cross-border treasury management. Photo: Shutterstock
Cryptocurrency

Bitcoin drops below US$90,000 as AI worries sour risk appetite

The fall signals renewed market jitters after the historic crypto crash in October.

Banking & finance

Hong Kong eyes info sharing on crypto assets to combat tax fraud, evasion

Compliance with OECD framework is of ‘paramount importance’ to maintain Hong Kong’s reputation as a finance hub, secretary says.

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Hong Kong Monetary Authority (HKMA)

Hong Kong financial hub gets gold star for governance, red flag on readiness

Hong Kong has been ranked the world’s No 4 financial hub in a new NYU Abu Dhabi index, but trails rivals on growth and innovation.

The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London and Singapore. Photo: Coco Feng
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