In a move to bolster financial stability, Hong Kong regulators have imposed restrictions on state-owned enterprises and major tech companies from engaging in stablecoin and cryptocurrency activities by […]
Hong Kong’s Stablecoin Hopes Stalled as Mainland Firms Withdraw
China’s cautious approach to digital assets has dealt a blow to Hong Kong’s plans for a stablecoin-based financial hub, as mainland companies are stepping back from participation. Previously […]
Hong Kong Streamlines Crypto Rules to Support Stablecoin Banking
The Hong Kong Monetary Authority (HKMA) released a draft guideline called CRP-1 on “Classification of Crypto Assets” for feedback from local banks. This framework, published on September 8, […]
Hong Kong Stablecoin Rules Spark Uncertainty for Chinese Firms
Chinese internet giants, state-owned enterprises, and financial institutions operating in Hong Kong may face restrictions on their participation in the burgeoning stablecoin market. A report by local news […]
Bitcoin Miners Caught Stealing Electricity in Hong Kong
Two Hong Kong technicians, aged 32 and 33, have been arrested for allegedly stealing electricity to power a Bitcoin mining operation. The suspects reportedly stole power from two […]
Hong Kong Streamlines Crypto Capital Rules for Banks
Hong Kong is making changes to its regulations for bank involvement in cryptocurrencies, aligning with international standards. Starting January 2026, the Hong Kong Monetary Authority (HKMA) will adopt […]
Hong Kong Sets Groundwork for Crypto Classification in 2026
Hong Kong is preparing a comprehensive regulatory framework for cryptocurrency, outlining classification rules by risk level and stablecoin licensing regime, effective from January 1, 2026. This initiative aligns […]
China Tightens Cryptocurrency Restrictions: State Firms Banned from Crypto Businesses
Chinese state-owned enterprises operating in Hong Kong face new restrictions regarding cryptocurrency and stablecoin activities. The directive aims to shift these firms’ focus away from digital assets towards […]
China’s Hong Kong Crypto Crackdown: Impact on Digital Finance
Hong Kong, the global financial hub, has experienced a significant shift in its digital landscape with Beijing enacting a comprehensive ban on crypto-related businesses. The directive specifically targets […]
Internet Giants Pull Back From Hong Kong’s Crypto Stablecoin Licenses
Major Chinese tech companies are reportedly scaling back their involvement in Hong Kong’s cryptocurrency market. This move follows increased regulatory pressure and uncertainty following China’s 2021 crypto ban, […]
Hong Kong Unveils Relaxed Capital Rules for Crypto Banking
Hong Kong’s Monetary Authority (HKMA) is proposing to ease capital requirements for banks working with certain cryptocurrencies. These new rules, currently in consultation, would allow banks more flexibility […]
Hong Kong Clarifies Crypto Asset Classification for 2026
The Hong Kong Monetary Authority (HKMA) has unveiled a new classification framework for crypto assets, aligning with Basel’s 2026 rules. This system divides crypto assets into four distinct […]
Hong Kong Police Arrest Technicians Over Crypto Mining Operation
Two technicians in Hong Kong have been detained for allegedly using electricity from care homes to power unauthorized cryptocurrency mining operations. These illicit activities resulted in significant financial […]
Hong Kong Eases Crypto Rules for Banks, Attracting Institutional Investors
Hong Kong’s Monetary Authority (HKMA) has proposed easing capital rules for banks dealing with crypto assets by 2026. This initiative aligns with updated Basel Committee on Banking Supervision […]
Hong Kong Streamlines Crypto Regulations, Lowering Capital Demands
Hong Kong is taking steps to loosen its grip on cryptocurrency regulation by reducing capital requirements for banks dealing with digital assets. This move aligns with global standards […]