Hong Kong Sounds Alarm on Unapproved Digital Yuan Stablecoins Amid Market Surge
The Hong Kong Monetary Authority (HKMA) has firmly denied social media rumours that the world’s first offshore yuan-pegged stablec...
Hong Kong Monetary Authority Warns Against Unregulated Stablecoin Issuance
The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.
Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in...
Most currencies in the region are locked in by capital controls. Hong Kong's unique status as an autonomous part of China means it...
China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters
At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources famili...
UBS, Chainlink, DigiFT Team Up to Automate Tokenized Funds in Hong Kong
TLDR: UBS will manage tokenized products on DigiFT’s exchange using Chainlink’s Digital Transfer Agent smart contracts. The system...
Cheaper Crypto Exposure? Hong Kong Banks Eye Relief Under New Capital Plan
TLDR: Hong Kong issues draft CRP-1 to set crypto capital rules, targeting early 2026 implementation for local banks. Proposal offe...
Hong Kong Workers Busted for Mining Crypto Using Electricity from Care Homes
Two Hong Kong technicians have been arrested after allegedly siphoning electricity and internet access from care homes to power a...
Chainlink's LINK Gains as DigiFT, UBS Fund Tokenization Pilot in Hong Kong
DigiFT, Chainlink and UBS won approval under Hong Kong’s Cyberport subsidiy scheme to build automated infrastructure for tokenized...
Hong Kong's Central Bank Plans to Ease Rules on Banks' Crypto Holding: Report
The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto...