Ant Group’s international arm is reportedly planning to adopt Circle’s USDC stablecoin once it meets full U.S. regulatory compliance. Editor’s note: This article has been updated to include a social media post from Wu Blockchain that call into question the…
The race for stablecoin licenses in Hong Kong is heating up, with dozens of firms preparing to apply ahead of the new regulatory framework set to go live. According to a recent report by local media outlet First Financial, more…
Analysts say that Hong Kong could gain the upper hand in its expansion into a global crypto hub in the wake of Singapore’s regulatory crackdown on unlicensed firms in the region. A recent report by the South China Morning Post…
Spanish authorities, with Europol and international partners, arrested five suspects in a major operation targeting a €460 million crypto fraud network. On 25 June, the Spanish Guardia Civil, backed by Europol and law enforcement partners from Estonia, France, and the…
GF Securities Hong Kong and HashKey Chain have launched the city’s first tokenized security that is issued, recorded, and managed entirely on blockchain. The new product, called “GF Token,” was announced on June 27, and is being described as a…
Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the…
Hong Kong Monetary Authority lists a few ‘benchmark qualification’ for firms planning to launch their own HKD-pegged stablecoins. The requirements would serve as the entry threshold According to a report by news outlet Hexun, Hong Kong Monetary Authority Chief Executive,…
Hong Kong to start issuing first stablecoin licenses within months, with companies like Ant Group and JD.com already in line. In a recent interview with China Daily, Hong Kong Financial Secretary Paul Chan Mo-po revealed that regulators have received “a…
Hong Kong-based Animoca Brands aims to one day obtain a stablecoin issuing license through its joint venture with Standard Chartered Bank and Hong Kong Telecom. The move comes ahead of the region’s Stablecoin Ordinance legalization. In an exclusive interview with…
Hong Kong-based e-commerce firm JD.com plans to issue its own stablecoin backed by the Hong Kong dollar by the end of 2025 and potentially support other stablecoins. In an interview with Bloomberg Businessweek, the e-CEO of JD CoinChain Technology Liu…
With a push for stablecoin licenses worldwide, JD.com Chairman Liu Qiangdong wants fiat-pegged tokens to do what banks can’t: settle in seconds. His vision calls for 10-second settlements across continents, anchored in licensed stablecoins and JD’s own e-commerce empire. Technology-driven…
China’s most popular crypto card payment service, Infini, has declared to shut down all their card services and focusing more on financial management for the future. According to a Telegram notice, starting from June 17 all of Infini’s card payment…
With stablecoins gaining traction worldwide, Hong Kong is pushing forward with its licensing framework in a bid to position itself as a global leader in the thriving sector. According to Financial Secretary Paul Chan, Hong Kong is speeding up plans…
Hong Kong Customs is partnering with the University of Hong Kong to develop a new tool for tracing cryptocurrency transactions, aiming to combat rising virtual asset-related money laundering activity. The partnership comes as authorities reveal seven suspected cases totaling more…
Ant International is accelerating its global pivot with plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Ant International — the global arm of Jack Ma-backed Ant Group Co., an affiliate of Alibaba Group and operator of…
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