Asset manager VSFG and Value Partners have together applied for a spot bitcoin ETF in Hong Kong. SFC is likely to allow in-kind creations and redemptions for spot bitcoin ETFs, Bloomberg reported ...
On 21 May 2025, the Hong Kong Legislative Council passed the much-anticipated Stablecoins Bill (“Bill”), now citable as the Stablecoins Ordinance (“Ordinance”), marking a significant milestone in the ...
Taking effect in August 2025, the new legislation will bring issuers of fiat-referenced stablecoins into the regulatory perimeter. On 21 May 2025, the Legislative Council of Hong Kong passed the ...
The Hong Kong Monetary Authority (HKMA) has been inundated with applications for the coveted stablecoin issuer licence. As many as 80 companies have expressed interest. But regulators say only a ...
Stablecoin transactions are now a fifth of all cryptocurrency transactions, and they make it easier to transact in US dollar-backed assets The growing strength of stablecoins as a bridge between Web3 ...
Hong Kong’s Monetary Authority has published a report on phase 1 of its CBDC pilot. The report said an e-HKD could add unique value to the payments ecosystem, but further investigation is needed. A ...
Better safe than sorry – that seems to be why authorities have delayed the stablecoin roll-out. Industry players had expected the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, ...