News
BitMart withdrew its application for a virtual asset service provider license in Hong Kong, joining several other major exchanges.
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Hong Kong News
Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is an administrative district of China and one of the leading economic centers not only in Asia, but in the world. The main feature of the district is that it has the right to craft its own legislation. The economy of the territory has a free market, low taxes and governmental non-interference, all of which attracts people to use virtual currencies on the market. The attitude toward cryptocurrency differs between China and Hong Kong, as the first one has banned both the use of digital currencies as a payment and conducting ICO. In Hong Kong, there has not yet been any regulation of Bitcoin and the government doesn’t see any necessity for implementing any. The cryptocurrency market in Hong Kong has various platforms and projects, which makes this area very decent for related businesses.
- News
Ming Shing Group Holdings, a Nasdaq-listed Hong Kong construction company, struck a $483 million deal to acquire 4,250 Bitcoin via share issuance.
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China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters.
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A China Merchants Bank subsidiary launched a Hong Kong-based crypto exchange for professional investors after securing a virtual asset service provider license.
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A Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation.
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Hong Kong has introduced strict crypto custody rules, banning smart contracts for cold wallets and tightening security standards for custodians.
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Chinese regulators ordered local firms to halt seminars and research on stablecoins, citing concerns over potential fraud and herd-driven speculation.
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Standard Chartered’s Hong Kong arm and Animoca Brands have launched a joint venture, Anchorpoint Financial, to develop a licensed Hong Kong dollar stablecoin.
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China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US.
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Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it's a healthy correction.
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Hong Kong will begin enforcing its new stablecoin regulations on Friday, with a six-month transition period allowing temporary licenses for issuers.
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Pyth Network has launched live, onchain price feeds for 85 major Hong Kong stocks, removing access barriers and enabling real-time financial data integration.
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China’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin regime.
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The HKMA completed stablecoin regulations set to take effect Aug. 1, warning no licenses have been issued and urging caution against hype and scams.
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Japan’s slow and risk-averse approval system, not taxes, is the real barrier driving Web3 startups and liquidity offshore, says WeFi CEO Maksym Sakharov.
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