Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon […]
Hong Kong plans to complete proposals to regulate virtual asset dealers and custodians and introduce the rules to the city’s Legislative Council in 2026, the Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) said Wednesday. The proposals, developed after a two-month public consultation that drew more than 190 responses, […]
Good Morning, Asia. Here’s what’s making news in the markets: In the lead-up to Seoul’s Korea Blockchain Week, discussions about a Korean Won stablecoin were among the leading narratives. The idea carries political weight, positioning local currencies as digital alternatives to the U.S. dollar. However, despite the enthusiasm, most Asian currencies are hindered by capital […]
Hong Kong’s securities watchdog rolled out new custody requirements for licensed crypto exchanges, reinforcing its pledge to protect client assets as the city advances its bid to become Asia’s digital asset hub. In a circular issued Friday, the Securities and Futures Commission (SFC) set minimum standards for licensed virtual asset trading platforms (VATPs) covering senior […]