Hong Kong

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 Hong Kong
Most currencies in the region are locked in by capital controls. Hong Kong's unique status as an autonomous part of China means its currency is available around the world.

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 familiar with the matter

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 financial products.

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 assets

Crypto Exchange HashKey Plans $500M Digital Asset Treasury Fund
HashKey said it will build a diversified portfolio of digital asset treasury projects, with an initial focus on bitcoin and ether.

Jack Ma-Linked Yunfeng Financial to Build Ether Treasury Starting With $44M ETH Purchase
Yunfeng joins companies including SharpLink Gaming and Bitmine Immersion Technologies that have begun pursuing an ether treasury strategy in recent months.

Eric Trump Praises China’s Role in Bitcoin, Says U.S. and Beijing Are ‘Leading the Way’
President Donald Trump's son said he would love for his father and China's President Xi Jinping to talk about bitcoin at a coming meeting.

Eric Trump Makes Bitcoin Price Predictions as He Reportedly Gets Ready to Visit Metaplanet
Eric Trump says he’s a “bitcoin maxi” and sees BTC hitting $175K this year, as reports point to new ventures in Japan and Hong Kong.

Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges
A regulatory review earlier this year found weaknesses in some exchanges’ cyber defenses, prompting the SFC to set new custody standards for licensed platforms.
