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Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
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

OKX Ventures, HashKey Capital back Vietnam crypto platform’s pilot scheme bid

Hong Kong economy

Letters | Hong Kong is not competing with US stablecoins or the digital renminbi

Banking & finance

Editorial | Stablecoin launch delay shows Hong Kong would rather be safe than sorry

Given the complexity involved, it’s wise not to rush to meet any self-imposed deadline but to make sure a good framework is in place first.

Hong Kong plans to be a digital asset hub with stablecoins playing a key role. Photo: Shutterstock
Scams and swindles

Cambodia’s high-stakes war on online scam compounds

Cambodia has vowed to stamp out the scam compounds on its soil by month’s end – but perpetrators remain drawn to the potential for huge profits.

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Banking & finance

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

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Yuan

Open Questions | Kenneth Rogoff on why China’s yuan will be a reserve currency within 5 years

Harvard economist explains why cryptocurrencies will never take the US dollar’s place, despite their popularity in underground economies.

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Illustration: Henry Wong
Crime in Hong Kong

Police charge another 10 people over HK$1.6 billion JPEX cryptocurrency scandal

Four men and six women charged after police investigations identify abnormal transactions in suspicious accounts linked to case.

US-China relations

Open Questions | Euro, Chinese yuan to end US dollar dominance, top economist says

Kenneth Rogoff sees yuan as a reserve currency within five years, Europe asserting financial independence and greater regulation of stablecoins.

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Banking & finance

Open Dialogue | Gary Liu and Liu Xiaochun on the US and China’s divergent paths for stablecoins

As investors await Hong Kong’s first stablecoin licences, two experts discuss the assets’ integration with the city’s economy – and the world’s.

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Illustration: Henry Wong
Regulation

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

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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Illustration by Lau Ka-kuen
US-China relations

US-China split on digital money deepens as stablecoin debate stalls Clarity Act

Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.

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

The SEC sued Sun and his firms for securities fraud in 2023, but put the case on hold following Trump’s return to the White House.

Cryptocurrency mogul Justin Sun attends a press conference in Hong Kong in April 2025. Photo: Edmond So
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.

HSBC CEO Georges Elhedery poses for a photograph in Hong Kong on February 26, 2026. Photo: Jonathan Wong
Hong Kong budget 2026-27

Hong Kong’s virtual asset sector considered for taxation under policy review

Latest budget announces new government committee to be tasked with reviewing Hong Kong’s tax policies.

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Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Bitcoin

‘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
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.

Vietnam

‘Everyone became greedy’: how Vietnam’s crypto gold rush ended in ruins

Vietnam’s crypto boom faces a harsh winter as investors lose fortunes, bankruptcies and lay-offs roil the industry.

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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
Bitcoin

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
Yuan

‘The Trump factor’ could be luring more foreign investors to China. Here’s why

Global volatility is forcing a rethink of traditional safe havens, creating opportunities for Beijing, prominent investor says.

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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.

Bitcoin

Consensus 2026 kicks off in Hong Kong amid tighter Beijing oversight

Organised by CoinDesk, the event is an important gathering for digital finance and cryptocurrency professionals.

Visitors attend a panel discussion at Consensus 2025 in Hong Kong, February 19, 2025. Photo: AFP
Stablecoins

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

Stablecoins represent the most widely adopted use case for real-world assets on blockchains. Photo: Shutterstock
Stablecoins

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.

South Korea

Cryptic error sees South Korea’s Bithumb give away over US$40 billion

Bitcoin prices briefly slumped 17 per cent on the cryptocurrency exchange after the transfers but later recovered.

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