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Blockchain

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

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

Banking & finance

Hong Kong, Shanghai sign pact on digital trade finance, cross-border data link

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.

Many bitcoin investors see US$60,000 as a key support level for the world’s leading cryptocurrency. Photo: Shutterstock
Many bitcoin investors see US$60,000 as a key support level for the world’s leading cryptocurrency. Photo: Shutterstock
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.

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.

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Fintech

HKMA launches quantum readiness and cybersecurity projects for banks in AI era

Banking regulator sets fintech road map with quantum index and measures to boost security, data quality and skills.

“Computing equals productivity, but we can’t sacrifice security while making innovations,” says Arthur Yuen of the HKMA. Photo: Eugene Lee
“Computing equals productivity, but we can’t sacrifice security while making innovations,” says Arthur Yuen of the HKMA. Photo: Eugene Lee
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.

Accounting and auditing

Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

KPMG, Deloitte and EY boost hiring and invest in AI to lift efficiency and attract talent amid rising demand for tech-savvy professionals.

Fintech

Why Hong Kong is emerging as the world’s AI crossroads between East and West

Hong Kong’s AI sector comprises 500 organisations, 290 companies and 183 investors active in finance, healthcare and government services.

Hong Kong is well positioned as an international hub for AI-driven innovation. Photo: May Tse
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.

HashKey executives and other exchange and government officials at the gong-striking ceremony to mark the company’s trading debut on the Hong Kong stock exchange on Wednesday. Photo: Karma Lo
HashKey executives and other exchange and government officials at the gong-striking ceremony to mark the company’s trading debut on the Hong Kong stock exchange on Wednesday. Photo: Karma Lo
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.

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.

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.

Standard Chartered slashes expectations that bitcoin would hit US$200,000 by the end of 2025, lowering its forecast to US$100,000. Photo: Shutterstock
Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Hong Kong’s policies pose some difficulties and covering the cost of operating locally is difficult, founder and CEO Lin Han says.

Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
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.

Blockchain

Crypto giant Binance appoints co-founder He Yi as co-CEO

He, who has children together with founder Zhao Changpeng, will share the title with Richard Teng.

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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.

HashKey is one of 11 licensed virtual asset trading platforms in Hong Kong. Photo: Handout
HashKey is one of 11 licensed virtual asset trading platforms in Hong Kong. Photo: Handout
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.

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.

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Fintech

Hong Kong and Malaysian firms launch tokenised AI infrastructure fund

‘World’s first’ global-grade AI infrastructure tokenised fund gives investors access to growing demand from Asean: Tykhe and Skyvast.

The launch comes after Hong Kong unveiled a five-year fintech strategy earlier this month, pledging to advance AI and tokenisation initiatives. Photo: Shutterstock
Fintech

Hong Kong’s tokenisation drive set to boost treasury centres, investments

Tokenisation could increase the efficiency of corporate treasury centres, which help clients manage global finances, market players say.

Hong Kong is set to attract more companies to set up treasury centres in the city, as it pushes to establish a tokenised financial system. Photo: May Tse
Hong Kong is set to attract more companies to set up treasury centres in the city, as it pushes to establish a tokenised financial system. Photo: May Tse
Cryptocurrency

Cryptocurrency market extends slide as bitcoin falls below US$86,000

The slump has options traders eyeing the US$85,000 threshold for market bellwether bitcoin.

Cryptocurrency

Chinese crypto founders shelve US$500 million ether digital asset treasury plan

Proponents call off the project amid the worsening cryptocurrency market conditions.

Bitcoin

Bitcoin ETF investors in the red after cryptocurrency’s US$89,600 level breaks

The breach marks a test of mettle for investors, underscoring how fast optimism has faded in cryptocurrency markets.

While ETFs have been hailed as safer entry points into digital assets, bitcoin’s recent drop is a reminder that crypto’s notorious volatility has not vanished. Photo: Shutterstock
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