Global #Hong Kong

Hong Kong's ambition to become a global digital finance hub is gaining traction with a new collaboration between UBS Asset Management, Chainlink Labs, and DigiFT.

The Hong Kong Monetary Authority (HKMA) is proceeding with caution as it begins the stablecoin licensing process.

In a move that solidifies Hong Kong’s growing role as a global crypto hub, the University of Hong Kong (HKU) Business School is getting ready to accept Bitcoin and other digital assets for tuition and donations.

Changpeng Zhao (CZ), the founder of Binance, believes that Hong Kong should increase the number of cryptocurrencies available on its licensed exchanges to remain competitive with global crypto hubs like the U.S. and the UAE.

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, has officially declared that stablecoins will be treated as payment tools rather than speculative assets.

Beginning January 1, 2026, the Hong Kong Monetary Authority (HKMA) will implement the Basel Committee’s international standards for cryptocurrency capital requirements.

Hong Kong-listed construction firm Ming Shing Group Holdings has announced a major move into digital assets, agreeing to purchase 4,250 Bitcoin for approximately $482.96 million.

The Hong Kong Securities and Futures Commission (SFC) is proposing stricter rules for how virtual asset trading platforms (VATPs) hold and protect cryptocurrencies.

Asian markets are showing varied responses to the evolving crypto landscape, with Japanese companies taking contrasting stances on Bitcoin, Korean exchanges reporting mixed financial results, and Hong Kong regulators issuing a warning on stablecoins.

Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), is officially seeking a stablecoin license in Hong Kong.

On August 1, 2025, the Hong Kong Legislative Council officially enacted the Stablecoin Regulation, establishing a comprehensive licensing and regulatory framework for stablecoin issuers.

Hong Kong has officially implemented its Stablecoin Bill, a new law effective August 1, 2025, that introduces a formal licensing system for fiat-referenced stablecoin issuers.