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Digital currencies

Digital currencies
The latest news, analysis and opinion on Digital currencies. In-depth analysis, industry insights and expert opinion.
An e-CNY logo at the China International Fair for Trade in Services (CIFTIS) in Beijing in 2021. A well-regulated yuan stablecoin issued from Hong Kong could serve as a strategic tool for China’s yuan internationalisation efforts. Photo: AP
Banking & finance

Opinion | Hong Kong developing a yuan-pegged stablecoin would be a game changer

In a world of dollar-pegged stablecoins, the case for yuan-based alternatives – and what it means for the future of money – is compelling.

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Banking & finance

Opinion | London and Hong Kong can lead way in UK-China finance cooperation

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Hong Kong economy

New stablecoin law to enhance Hong Kong’s financial appeal to global issuers: Chan

Banking & finance

Macroscope | How the obsession with risky assets is putting global finance in peril

From the speculative frenzy over digital assets to the assault on bond markets, the next financial crisis will be self-inflicted.

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An activist in Sterling, Virginia, calls out an attendee at an exclusive dinner at the Trump National Golf Course, on May 22. Photo: AP
Commodities

Crypto can’t chip away at gold’s safe-haven shield: gold researcher

Spot gold price surged to US$3,444 after Israel’s strikes on Iran.

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Ant Group

Ant International and Ant Digital to seek stablecoin licences in Hong Kong

The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.

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Blockchain

With early stablecoin law, Hong Kong looks to keep edge as finance hub

Hong Kong is looking to ‘secure a leading role in global payment systems’, one analyst says, as law comes ahead of a similar US stablecoin bill.

A view of Hong Kong’s central business district on October 9, 2024. Some analysts see the city’s new stablecoin law as providing advantages for maintaining its position as a finance hub. Photo: May Tse
Malaysia

US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

MBI Group’s Malaysian founder has been called ‘Jho Lo 2’ because of the sheer scale of his operation.

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Banking & finance

Hong Kong law creates firm foundation for stablecoins

Hong Kong’s strict licensing and reserve requirements could help pry China off the crypto sidelines and loosen the US dollar’s grip on global financial markets.

Banking & finance

Hong Kong’s stablecoin law opens floodgates for boom in digital assets: brokers

Investors are increasingly interested in stablecoins, which are digital tokens pegged to a reference asset like a fiat currency.

Stablecoin logos. Photo: Shutterstock
Hong Kong economy

Opinion | With stablecoin law, Hong Kong is reasserting its financial supremacy

While rivals like Singapore hedge their regulatory bets, Hong Kong is betting that institutional investors value clarity and transparency.

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Hong Kong’s new stablecoin regulation plugs into the broader digital infrastructure the city has quietly built. Photo: Shutterstock
Hong Kong

Crypto confiscated in Beijing to be liquidated in Hong Kong

Beijing’s security bureau has unveiled a plan to sell cryptocurrencies seized in criminal investigations, boosting Hong Kong’s crypto hub ambitions.

Mainland China

China Renaissance’s investment in stablecoin issuer Circle pays off

The Chinese bank invested in the US tech firm in 2018 through its Huaxing New Economy Fund.

Hong Kong

Hong Kong’s stablecoin law to take effect in August

The stablecoin ordinance passed in May takes effect on August 1, requiring issuers to be licensed by the Hong Kong Monetary Authority.

Hong Kong’s ordinance for licensing stablecoin issuers is set to take effect on August 1. Photo: Shutterstock
IPO

Stablecoin firm Circle’s shares double in wild trading debut

Shares of the stablecoin issuer close 168 per cent higher in volatile trading.

Circle Internet Group’s IPO debuted on the New York Stock Exchange on Thursday. Photo: Reuters
Hong Kong

Hong Kong stablecoins poised to serve as a cross-border payment tool

‘Stablecoins have the potential to shorten the time for cross-border payment from days to minutes,’ Jingdong Coinlink’s Teddy Liu says.

The Philippines

US sanctions Philippine tech firm over ‘pig butchering’ romance scams

Funnull Technology’s infrastructure supported more than 332,000 domain names linked to cryptocurrency scams, US Treasury Department says.

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Blockchain

With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

Citic Securities is expecting more mainland tokenisation projects to start up in Hong Kong now that the city has passed a law regulating stablecoin issuance. Photo: Reuters
Singapore

Is Asia ditching the dollar? China’s yuan, gold, and bitcoin drive trade shifts

Asian economies are exploring de-dollarisation, amid geopolitical risks, signalling a monetary shift towards a multipolar monetary system.

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Blockchain

‘A huge win for crypto’: US dismisses lawsuit against Binance

The dismissal marks a dramatic shift in the SEC’s regulatory stance on cryptocurrency under US President Donald Trump.

Blockchain

OKX sees tipping point for blockchain tech amid rising crypto sentiment

OKX chief commercial officer Lennix Lai says the exchange is focused on building compliant services in the US and Singapore, among other markets.

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OKX, one of the world’s largest cryptocurrency exchanges, moved its headquarters to the US this year. Photo: Shutterstock
Bitcoin

Vance says US should leverage bitcoin as strategic asset against China

US Vice-President J.D. Vance said China’s aversion to bitcoin should be reason for the US to lean into adopting the cryptocurrency.

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US Vice-President J.D. Vance delivers a keynote address at the Bitcoin Conference at the Venetian Convention & Expo Centre on May 28 in Las Vegas. Photo: AFP
Cryptocurrency

Hong Kong’s crypto industry optimistic about stablecoin ‘legal clarity’

Animoca chairman Yat Siu said Hong Kong has ‘leapfrogged’ the US with its new stablecoin law, but experts warn of high short-term costs.

Blockchain

After Trump crypto dinner, Justin Sun celebrates ‘strong signal’ to the industry

The Tron founder, with the largest holding of the $TRUMP memecoin, tells the Post that he sees recent US crypto moves affecting China.

Donald Trump

Trump hosts memecoin dinner, mixing presidency with crypto interests

Some 220 of the biggest investors in the $TRUMP memecoin were invited to Trump’s luxury golf club for event.

President Donald Trump after attending a crypto dinner at his luxury golf club. Photo: AP
Hong Kong Monetary Authority (HKMA)

Hong Kong passes stablecoin law, clearing way for sales to public

Law sets up a ‘risk-based, pragmatic, and flexible regulatory regime’ with public protection in mind, head of city’s monetary authority says.

A view of Hong Kong’s Legislative Council Complex at Tamar in Admiralty on March 8, 2024. Photo: Jelly Tse
Hong Kong economy

Opinion | Cryptocurrencies are emerging as ‘digital gold’ in a shaky world economy

Demand is growing for borderless, neutral financial tools in a fragmenting world economy, with rising tariffs and alliances under strain.

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Donald Trump

Trump’s memecoin dinner made him millions. Critics call it cash for access

The US president and his allies pocketed US$320 million in trading fees, as the cryptocurrency $TRUMP surged in value ahead of the dinner.

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