#Hong Kong

Highlights: Standard Chartered became the first bank to distribute HKDAP to eligible institutional clients in Hong Kong. Standard Chartered plans to use HKDAP for tokenized fund settlements and other institutional payments. Hong Kong currently limits regulated stablecoin issuance to two […]

Highlights: Binance affiliates seek $472.8 million over the alleged diversion of more than 470,000 card users. RedotPay denies the claims and says the proceedings will not affect daily operations. A related Singapore case adds another court track to the Hong […]

Highlights: SFC has restricted HK$125.247 million linked to suspected artificial IPO demand. Futu faces no investigation, and other client accounts remain unaffected. The order blocks asset movements without the regulator’s written approval. Hong Kong’s Securities and Futures Commission (SFC) has […]

Highlights: OSL has listed Kyrgyzstan’s gold-backed USDKG stablecoin on its licensed Hong Kong exchange. USDKG is tied to the U.S. dollar and supported by audited physical gold reserves. The listing gives USDKG access to professional investors through OSL’s regulated platform. […]

Highlights: HKMA warns that “HKDAP” and “HSBC” tokens are not official stablecoins. The regulator says no licensed stablecoin issuer has launched these tokens. Users should verify tokens through official channels before using or buying them. The Hong Kong Monetary Authority […]

Highlights: Hong Kong has logged more than 80 online investment fraud cases in one week. One AI crypto scam on Telegram has cost a woman about HK$7.7 million. A recent FBI report ties crypto complaints to more than $11.36 billion […]

Highlights: Hong Kong gave its first stablecoin licences to Anchorpoint and HSBC on Friday. The move puts stablecoin issuers under a clear legal and regulated system. Officials said the new framework supports innovation, user safety, and better risk control. Hong […]

Highlights: A Hong Kong retiree lost HK$6.6 million across three scam contacts in six months. The crypto fraud case began with a WhatsApp pitch and ended with three vanished experts. Recovery promises drove the biggest transfers and deepened the victim’s […]

Highlights: HSBC and Standard Chartered are set to receive stablecoin licenses. The first stablecoin licenses could be granted as early as March 24. The new licenses will bring traditional financial institutions into stablecoin markets. Hong Kong is on the verge […]

Highlights: Hong Kong tests e-HKD blockchain settlement using Chainlink to automate compliance and asset transfers. Visa, ANZ, ChinaAMC, and Fidelity join pilot testing of regulated cross-chain digital asset transfers. Chainlink technology connects blockchains and enables secure, regulated movement of digital […]

Highlights: Paul Chan confirms March rollout for Hong Kong’s first stablecoin licenses.  HKMA subsidiary CMU OmniClear also plans to build an integrated tokenized bond settlement platform. Chan said authorities are working to boost crypto liquidity for professional investors. Hong Kong […]

Highlights: Hong Kong to allow crypto perpetual contracts for institutional investors only. Brokers can offer crypto-backed loans using BTC and ETH as collateral. Market makers must have conflict-of-interest safeguards and independent trading desks. Hong Kong’s financial regulator is taking a […]