Hongkong
193,242 views
292 Discussing
Hot
Latest
Standard Chartered, Animoca Brands & HKT Join Forces for Hong Kong Stablecoin License
Hong Kong’s stablecoin race just got a heavyweight contender. Standard Chartered Hong Kong, Animoca Brands, and Hong Kong Telecom (HKT) have teamed up to form Anchorpoint Financial, a joint venture with its sights set on securing one of the city’s newly minted stablecoin issuer licenses.
The move comes hot on the heels of Hong Kong’s Stablecoin Ordinance, enacted on August 1, requiring all fiat-backed token issuers to gain approval from the Hong Kong Monetary Authority (HKMA). Anchorpoint’s mission? Build a licensed, future-ready stablecoin ecosystem designed for both institutional and retail adoption.
Evan Auyang, Group President of Animoca Brands, expressed confidence in the partnership:
> “Stablecoins remain one of Web3’s most compelling use cases, and we believe adoption is only just beginning. With Standard Chartered and HKT by our side, Anchorpoint can help integrate stablecoins into Hong Kong’s mainstream financial system.”
For context, Animoca Brands is a Web3 powerhouse, investing heavily in blockchain gaming and NFTs. HKT stands as one of the region’s largest telecom giants, while UK-based Standard Chartered is no stranger to digital assets—just last month, it became the first G-SIB bank to launch a Bitcoin and Ethereum spot trading desk for institutions.
The stakes are high: G-SIBs (Global Systemically Important Banks) are so interconnected with the financial system that any instability could ripple across markets—making their foray into crypto a big deal.
While Anchorpoint has already applied for the license, industry watchers predict the first approvals may not roll out until 2026. That said, being among the early applicants positions them in the front row of a potentially transformative chapter in Hong Kong’s digital finance journey.
🚀 With regulatory clarity, global banking muscle, and Web3 innovation all in one venture, Hong Kong’s stablecoin future may have just found one of its strongest anchors yet.
#ETHBreaks4000 ve #HongKong #CryptoIn401k
$BTC
$ETH
$XRP
.
The move comes hot on the heels of Hong Kong’s Stablecoin Ordinance, enacted on August 1, requiring all fiat-backed token issuers to gain approval from the Hong Kong Monetary Authority (HKMA). Anchorpoint’s mission? Build a licensed, future-ready stablecoin ecosystem designed for both institutional and retail adoption.
Evan Auyang, Group President of Animoca Brands, expressed confidence in the partnership:
> “Stablecoins remain one of Web3’s most compelling use cases, and we believe adoption is only just beginning. With Standard Chartered and HKT by our side, Anchorpoint can help integrate stablecoins into Hong Kong’s mainstream financial system.”
For context, Animoca Brands is a Web3 powerhouse, investing heavily in blockchain gaming and NFTs. HKT stands as one of the region’s largest telecom giants, while UK-based Standard Chartered is no stranger to digital assets—just last month, it became the first G-SIB bank to launch a Bitcoin and Ethereum spot trading desk for institutions.
The stakes are high: G-SIBs (Global Systemically Important Banks) are so interconnected with the financial system that any instability could ripple across markets—making their foray into crypto a big deal.
While Anchorpoint has already applied for the license, industry watchers predict the first approvals may not roll out until 2026. That said, being among the early applicants positions them in the front row of a potentially transformative chapter in Hong Kong’s digital finance journey.
🚀 With regulatory clarity, global banking muscle, and Web3 innovation all in one venture, Hong Kong’s stablecoin future may have just found one of its strongest anchors yet.
#ETHBreaks4000 ve #HongKong #CryptoIn401k
$BTC
$ETH
$XRP
.
💼 Standard Chartered, Partnering Up for Hong Kong Stablecoin License
Standard Chartered, Animoca Brands, and HKT are applying for Hong Kong's new stablecoin license.
Animoca Brands, Standard Chartered Hong Kong, and Hong Kong Telecom (HKT) formed Anchorpoint Financial, a JV, according to a news statement.
The JV aims to “build a business model focused on the issuance and advancement of licensed stablecoins,” according the news release. Hong Kong enacted the stablecoin law on August 1.
The Stablecoin Ordinance required the Hong Kong Monetary Authority to authorize fiat-based token issuers.
Anchorpoint has shown interest in a stablecoin issuer license with the regulator. Evan Auyang, Animoca Brands group president, said:
Animoca Brands is thrilled to work with Standard Chartered and HKT to develop Anchorpoint and seek for a HKMA stablecoin issuer license to introduce stablecoins into Hong Kong's mainstream financial ecosystem. One of Web3's most compelling use cases is stablecoins, and we think we are still at the early stages of institutional and retail adoption.
Hong Kong-based Web3 startup Animoca Brands invests in blockchain gaming and NFTs. One of the region's biggest telecom businesses is HKT.
UK bank Standard Chartered has invested in digital assets. It was the first G-SIB to provide institutions a Bitcoin and Ethereum spot trading desk last month.
The Financial Stability Board (FSB) classifies G-SIBs as sufficiently ingrained in the global financial system that instability might cause widespread disruptions. Thus, these banks' cryptocurrency ventures are always crucial.
While Standard Chartered's JV has applied for a HKMA license, it's unlikely to create stablecoins soon. A new article suggests the first licenses may arrive in 2026. Still, just a few applications should make the first group.
#ETHBreaks4000 #CryptoIn401k #USFedNewChair #USFedBTCReserve #HongKong $BTC $ETH $XRP
Standard Chartered, Animoca Brands, and HKT are applying for Hong Kong's new stablecoin license.
Animoca Brands, Standard Chartered Hong Kong, and Hong Kong Telecom (HKT) formed Anchorpoint Financial, a JV, according to a news statement.
The JV aims to “build a business model focused on the issuance and advancement of licensed stablecoins,” according the news release. Hong Kong enacted the stablecoin law on August 1.
The Stablecoin Ordinance required the Hong Kong Monetary Authority to authorize fiat-based token issuers.
Anchorpoint has shown interest in a stablecoin issuer license with the regulator. Evan Auyang, Animoca Brands group president, said:
Animoca Brands is thrilled to work with Standard Chartered and HKT to develop Anchorpoint and seek for a HKMA stablecoin issuer license to introduce stablecoins into Hong Kong's mainstream financial ecosystem. One of Web3's most compelling use cases is stablecoins, and we think we are still at the early stages of institutional and retail adoption.
Hong Kong-based Web3 startup Animoca Brands invests in blockchain gaming and NFTs. One of the region's biggest telecom businesses is HKT.
UK bank Standard Chartered has invested in digital assets. It was the first G-SIB to provide institutions a Bitcoin and Ethereum spot trading desk last month.
The Financial Stability Board (FSB) classifies G-SIBs as sufficiently ingrained in the global financial system that instability might cause widespread disruptions. Thus, these banks' cryptocurrency ventures are always crucial.
While Standard Chartered's JV has applied for a HKMA license, it's unlikely to create stablecoins soon. A new article suggests the first licenses may arrive in 2026. Still, just a few applications should make the first group.
#ETHBreaks4000 #CryptoIn401k #USFedNewChair #USFedBTCReserve #HongKong $BTC $ETH $XRP
Andile Ndlovu :
@Hua BNB Good job
Animoca Brands' JV with Standard Chartered and HKT has officially applied for a stablecoin license in Hong Kong! This move aligns with the new Stablecoins Ordinance and aims to bridge Web3 with traditional finance. A major step for Hong Kong as a global financial hub. #Stablecoin #HongKong #AnimocaBrands #StandardChartered
Animoca Brands teams up with Standard Chartered Bank and HKT to launch Anchorpoint Financial Limited.
They’ve officially applied for a Hong Kong stablecoin issuer license under the city’s new Stablecoins Ordinance, which started on August 1.
Big step for Web3 adoption in Hong Kong! 🔥
#CryptoNews #Stablecoins #HongKong #Animoca
They’ve officially applied for a Hong Kong stablecoin issuer license under the city’s new Stablecoins Ordinance, which started on August 1.
Big step for Web3 adoption in Hong Kong! 🔥
#CryptoNews #Stablecoins #HongKong #Animoca
📸 Aug 7 | 2025 「ANCHOR」 WEB3.0 FUTURE SUMMIT
Kathy @kkathychu, Head of CaaS at HashKey Chain, signed a strategic agreement with Web3.0 Standardization Association (Hong Kong). 🤝
Together, we’ll establish industry-wide RWA implementation standards.
More details: https://techflowpost.com/article/detail_27468.html
#RWA #HSKChain #HashKeyChain #Blockchain #HongKong
Kathy @kkathychu, Head of CaaS at HashKey Chain, signed a strategic agreement with Web3.0 Standardization Association (Hong Kong). 🤝
Together, we’ll establish industry-wide RWA implementation standards.
More details: https://techflowpost.com/article/detail_27468.html
#RWA #HSKChain #HashKeyChain #Blockchain #HongKong
📰 BREAKING NEWS: China Greenlights First Crypto Stablecoin Launch! 🇨🇳🚀
The Financial Times reports a major shift in China's stance on digital assets! China is reportedly preparing to allow the launch of its first crypto stablecoin, with Hong Kong emerging as the primary testing ground. This move is seen as a strategic step to internationalize the Renminbi (CNY) and reduce reliance on the US Dollar in global payments.
While mainland China maintains strict crypto restrictions, Hong Kong's new regulatory framework for stablecoins, set to take effect soon, provides a controlled environment for this development. Initial stablecoin programs are expected to focus on business-to-business (B2B) applications, with state-owned enterprises reportedly showing keen interest and applying for licenses.
This signifies a calculated approach by Beijing to explore the potential of stablecoins, especially for cross-border trade and payment solutions, while maintaining careful oversight.
What does this mean for the crypto world?
* Increased adoption: A major global economy like China embracing stablecoins could significantly boost mainstream adoption and innovation in the digital asset space.
* RMB Internationalization: This could accelerate the use of the Chinese Yuan in global digital transactions.
* Regulatory developments: We could see further clarity and evolution in stablecoin regulations as this initiative unfolds.
Stay tuned for more updates as this story develops!
#CryptoNews #Stablecoin #china #HongKong #DigitalCurrency #BinanceSquare $BTC $ETH
The Financial Times reports a major shift in China's stance on digital assets! China is reportedly preparing to allow the launch of its first crypto stablecoin, with Hong Kong emerging as the primary testing ground. This move is seen as a strategic step to internationalize the Renminbi (CNY) and reduce reliance on the US Dollar in global payments.
While mainland China maintains strict crypto restrictions, Hong Kong's new regulatory framework for stablecoins, set to take effect soon, provides a controlled environment for this development. Initial stablecoin programs are expected to focus on business-to-business (B2B) applications, with state-owned enterprises reportedly showing keen interest and applying for licenses.
This signifies a calculated approach by Beijing to explore the potential of stablecoins, especially for cross-border trade and payment solutions, while maintaining careful oversight.
What does this mean for the crypto world?
* Increased adoption: A major global economy like China embracing stablecoins could significantly boost mainstream adoption and innovation in the digital asset space.
* RMB Internationalization: This could accelerate the use of the Chinese Yuan in global digital transactions.
* Regulatory developments: We could see further clarity and evolution in stablecoin regulations as this initiative unfolds.
Stay tuned for more updates as this story develops!
#CryptoNews #Stablecoin #china #HongKong #DigitalCurrency #BinanceSquare $BTC $ETH
See original
Animoca Brands and Standard Chartered join forces to launch an issuer of #Stablecoins in Hong Kong
A new Giant is born under the new Regulatory regime!
In a strategic move that could redefine the stablecoin landscape in Asia, the Web3 giant Animoca Brands and the multinational bank Standard Chartered have formed a joint venture in #HongKong . This initiative, called Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to create a business model for the licensed issuance of stablecoins.
Collaboration of Giants: The alliance between one of the most influential firms in Web3, a top-tier global bank, and a major telecommunications company signifies a strong commitment to integrating traditional finance and blockchain technology.
Seeking a Stablecoin License: Anchorpoint has announced its intention to apply for a stablecoin issuer license in Hong Kong. This coincides with the coming into effect of the long-awaited regulatory regime in the region, a framework that could attract more than 40 applicants.
#Altcoin
$SOL
$XRP
A new Giant is born under the new Regulatory regime!
In a strategic move that could redefine the stablecoin landscape in Asia, the Web3 giant Animoca Brands and the multinational bank Standard Chartered have formed a joint venture in #HongKong . This initiative, called Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to create a business model for the licensed issuance of stablecoins.
Collaboration of Giants: The alliance between one of the most influential firms in Web3, a top-tier global bank, and a major telecommunications company signifies a strong commitment to integrating traditional finance and blockchain technology.
Seeking a Stablecoin License: Anchorpoint has announced its intention to apply for a stablecoin issuer license in Hong Kong. This coincides with the coming into effect of the long-awaited regulatory regime in the region, a framework that could attract more than 40 applicants.
#Altcoin
$SOL
$XRP
See original
Hong Kong tightens regulations: new licenses for stablecoin issuers are already in effect, but the main thing is — now every holder will be checked.
Under the law that came into force on August 1, issuers are required to identify all users — even those who receive stablecoins through anonymous wallets. This may reduce the attractiveness of such tokens for users outside traditional financial channels.
#KYC #HongKong
Under the law that came into force on August 1, issuers are required to identify all users — even those who receive stablecoins through anonymous wallets. This may reduce the attractiveness of such tokens for users outside traditional financial channels.
#KYC #HongKong
🇨🇳 **Will China Lift the Ban on Cryptocurrency?**
China has begun testing CNY-backed stablecoins as a tool to strengthen control over capital flows within the country.
Current pilot projects are aimed at large investors and corporations.
China plans to allow the launch of its first stablecoins in Hong Kong in an effort to internationalize the yuan and compete with the dollar.
However, regulators fear stablecoins could become a loophole to bypass currency restrictions and accelerate capital outflows from China.
The main risk is opaque transactions or money laundering. The Chinese government will carefully study digital assets before committing to mass adoption.
👉 Low-impact now: China's stablecoin tests target controlled capital flows, not open crypto adoption; watch Hong Kong stablecoin regime for first licences.
#CNY
#Stablecoins
#HongKong
China has begun testing CNY-backed stablecoins as a tool to strengthen control over capital flows within the country.
Current pilot projects are aimed at large investors and corporations.
China plans to allow the launch of its first stablecoins in Hong Kong in an effort to internationalize the yuan and compete with the dollar.
However, regulators fear stablecoins could become a loophole to bypass currency restrictions and accelerate capital outflows from China.
The main risk is opaque transactions or money laundering. The Chinese government will carefully study digital assets before committing to mass adoption.
👉 Low-impact now: China's stablecoin tests target controlled capital flows, not open crypto adoption; watch Hong Kong stablecoin regime for first licences.
#CNY
#Stablecoins
#HongKong
🇨🇳 **Will China Lift the Ban on Cryptocurrency?**
China has begun testing CNY-backed stablecoins as a tool to strengthen control over capital flows within the country.
Current pilot projects are aimed at large investors and corporations.
China plans to allow the launch of its first stablecoins in Hong Kong in an effort to internationalize the yuan and compete with the dollar.
However, regulators fear stablecoins could become a loophole to bypass currency restrictions and accelerate capital outflows from China.
The main risk is opaque transactions or money laundering. The Chinese government will carefully study digital assets before committing to mass adoption.
👉 Low-impact now: China's stablecoin tests target controlled capital flows, not open crypto adoption; watch Hong Kong stablecoin regime for first licences.
#CNY
#Stablecoins
#HongKong
China has begun testing CNY-backed stablecoins as a tool to strengthen control over capital flows within the country.
Current pilot projects are aimed at large investors and corporations.
China plans to allow the launch of its first stablecoins in Hong Kong in an effort to internationalize the yuan and compete with the dollar.
However, regulators fear stablecoins could become a loophole to bypass currency restrictions and accelerate capital outflows from China.
The main risk is opaque transactions or money laundering. The Chinese government will carefully study digital assets before committing to mass adoption.
👉 Low-impact now: China's stablecoin tests target controlled capital flows, not open crypto adoption; watch Hong Kong stablecoin regime for first licences.
#CNY
#Stablecoins
#HongKong
🇭🇰Is Hong Kong Finally Running Out of Shelter from the Storm? Record‑Shattering Rain Exposes Climate Fragility
On August 5, 2025, Hong Kong endured its heaviest August daily rainfall since records began in 1884, receiving over 350 mm (13.8 inches) by mid‑afternoon at the Hong Kong Observatory’s Tsim Sha Tsui station—latest readings even climbed to 358.8 mm (14.1 inches). Authorities issued the powerful “black” rainstorm warning—the highest tier—for the fourth time in eight days, setting a new frequency record within a single year and enduring for more than 11 hours, marking the second‑longest continuous alert in history.
The downpour brought Hong Kong to a standstill: schools, courts, and outpatient clinics were closed, ankles-deep water flooded hospital entrances, and staircases turned into white-water chutes across the cityscape. Experts warn these extreme events—already linked to a warming climate—are becoming the new norm and that Hong Kong must urgently upgrade its infrastructure and resilience planning before the next deluge hits.
#hongkong
On August 5, 2025, Hong Kong endured its heaviest August daily rainfall since records began in 1884, receiving over 350 mm (13.8 inches) by mid‑afternoon at the Hong Kong Observatory’s Tsim Sha Tsui station—latest readings even climbed to 358.8 mm (14.1 inches). Authorities issued the powerful “black” rainstorm warning—the highest tier—for the fourth time in eight days, setting a new frequency record within a single year and enduring for more than 11 hours, marking the second‑longest continuous alert in history.
The downpour brought Hong Kong to a standstill: schools, courts, and outpatient clinics were closed, ankles-deep water flooded hospital entrances, and staircases turned into white-water chutes across the cityscape. Experts warn these extreme events—already linked to a warming climate—are becoming the new norm and that Hong Kong must urgently upgrade its infrastructure and resilience planning before the next deluge hits.
#hongkong
Hong Kong Positioned as Key Player in Global Stablecoin Progress
According to Foresight News, Chen Chen, Chief Strategy Officer at virtual asset platform VDX and ecosystem partner at Victory Securities, shared insights on Hong Kong’s growing role in the stablecoin sector.
Chen pointed out that while stablecoins bring both opportunities and challenges, investors must approach the market with clear, rational assessments. In the global landscape, Hong Kong is serving as a policy buffer zone, enabling controlled pilot programs that test stablecoin frameworks in a regulated environment.
Leveraging its status as an international financial hub, Hong Kong offers a strategic position to support the development and integration of global stablecoin initiatives.
#Stablecoin #HongKong #CryptoRegulation #BlockchainFinance #Web3
According to Foresight News, Chen Chen, Chief Strategy Officer at virtual asset platform VDX and ecosystem partner at Victory Securities, shared insights on Hong Kong’s growing role in the stablecoin sector.
Chen pointed out that while stablecoins bring both opportunities and challenges, investors must approach the market with clear, rational assessments. In the global landscape, Hong Kong is serving as a policy buffer zone, enabling controlled pilot programs that test stablecoin frameworks in a regulated environment.
Leveraging its status as an international financial hub, Hong Kong offers a strategic position to support the development and integration of global stablecoin initiatives.
#Stablecoin #HongKong #CryptoRegulation #BlockchainFinance #Web3
See original
🔥 Today's Binance Focus: Margin Rate Adjustment + New Stablecoin Regulations in Hong Kong
⚠️ 【Real-time Risk Control】Portfolio Margin Collateral Ratio Effective Today
Adjustment Range:
✅ First Batch (Effective August 5, UTC 06:00):
The collateral ratios for 6 assets including VIRTUAL, HYPER, and BERA are increased by 10%-40%, which may push up the Unified Maintenance Margin Rate (uniMMR).
✅ Second Batch (Effective August 8):
The collateral ratios for 6 assets including DOT, OP, and ENS are decreased by 5%-15%.
User Response:
➤ Holders of high collateral ratio assets (such as BERA) need to add margin to avoid forced liquidation;
➤ Low collateral ratio assets (such as DOT) can look for leverage opportunities but should monitor uniMMR fluctuations.
🌏 【Regulatory Update】Hong Kong's Stablecoin Regulations Officially Implemented
Core Requirements:
✅ Licensed issuers must ensure reserve assets ≥ the face value of circulating stablecoins and must have over-collateralization to cover market risks.
✅ Expansion of Bank Digital Asset Services: 22 banks are approved to sell digital asset products, and 13 can sell tokenized securities.
Market Impact:
➤ In the first half of 2025, Hong Kong's digital asset trading volume is expected to reach HKD 26.1 billion (up 233% year-on-year), with institutions accelerating entry;
➤ Compliant stablecoins (such as FDUSD) may become mainstream trading pairs for hedging.
⛔ 【Trading Update】Countdown to Margin Trading Pair Adjustments
Adjustment Details:
✅ August 5, 09:00 (UTC):
DOGS/FDUSD, PEOPLE/FDUSD, and other isolated margin trading pairs will suspend lending.
✅ August 8, 09:00 (UTC):
The aforementioned trading pairs will be completely delisted, and open positions will be forcibly liquidated.
Action Recommendations:
➤ Immediately transfer assets to spot accounts to avoid liquidity risks;
➤ Alternative trading pairs (such as FDUSD/USDT) can still be used normally.
💡 Today's Strategy Summary
Sensitive assets to collateral ratio (such as BERA) → Reduce positions or add margin;
Compliant stablecoin sector → Focus on trading pairs anchored to HKD like FDUSD, USDC;
Countdown to delisted trading pairs → Complete asset transfers today, prioritize handling isolated margin positions.
#Binance #RiskManagement #Stablecoin #CryptoRegulation #HongKong
⚠️ 【Real-time Risk Control】Portfolio Margin Collateral Ratio Effective Today
Adjustment Range:
✅ First Batch (Effective August 5, UTC 06:00):
The collateral ratios for 6 assets including VIRTUAL, HYPER, and BERA are increased by 10%-40%, which may push up the Unified Maintenance Margin Rate (uniMMR).
✅ Second Batch (Effective August 8):
The collateral ratios for 6 assets including DOT, OP, and ENS are decreased by 5%-15%.
User Response:
➤ Holders of high collateral ratio assets (such as BERA) need to add margin to avoid forced liquidation;
➤ Low collateral ratio assets (such as DOT) can look for leverage opportunities but should monitor uniMMR fluctuations.
🌏 【Regulatory Update】Hong Kong's Stablecoin Regulations Officially Implemented
Core Requirements:
✅ Licensed issuers must ensure reserve assets ≥ the face value of circulating stablecoins and must have over-collateralization to cover market risks.
✅ Expansion of Bank Digital Asset Services: 22 banks are approved to sell digital asset products, and 13 can sell tokenized securities.
Market Impact:
➤ In the first half of 2025, Hong Kong's digital asset trading volume is expected to reach HKD 26.1 billion (up 233% year-on-year), with institutions accelerating entry;
➤ Compliant stablecoins (such as FDUSD) may become mainstream trading pairs for hedging.
⛔ 【Trading Update】Countdown to Margin Trading Pair Adjustments
Adjustment Details:
✅ August 5, 09:00 (UTC):
DOGS/FDUSD, PEOPLE/FDUSD, and other isolated margin trading pairs will suspend lending.
✅ August 8, 09:00 (UTC):
The aforementioned trading pairs will be completely delisted, and open positions will be forcibly liquidated.
Action Recommendations:
➤ Immediately transfer assets to spot accounts to avoid liquidity risks;
➤ Alternative trading pairs (such as FDUSD/USDT) can still be used normally.
💡 Today's Strategy Summary
Sensitive assets to collateral ratio (such as BERA) → Reduce positions or add margin;
Compliant stablecoin sector → Focus on trading pairs anchored to HKD like FDUSD, USDC;
Countdown to delisted trading pairs → Complete asset transfers today, prioritize handling isolated margin positions.
#Binance #RiskManagement #Stablecoin #CryptoRegulation #HongKong
Common Misconceptions About the Bitcoin Ban in China
Ever heard rumors about a new Bitcoin ban in China? It turns out many of these are based on misunderstandings! Let's clarify the facts together.
According to a recent article, public understanding of cryptocurrency policies in China needs to be corrected to avoid global market confusion. Here are some key facts to know:
1. Hong Kong Supports Crypto: Hong Kong, as a special administrative region of China, fully supports the adoption of cryptocurrencies and serves as a hub for digital innovation.
2. No Ban for Individuals: China's policies are more focused on restricting institutional participation, not on banning individuals from transacting in crypto.
3. Bitcoin Mining Continues: Despite strict regulations, Bitcoin mining activities in various regions of mainland China show that the sector has not been completely shut down.
4. Growing Interest in Stablecoins and RWAs: Chinese officials are starting to pay attention to the use of digital assets like Stablecoins and Real World Assets (RWAs) within a more controlled regulatory framework.
This misunderstanding highlights the importance of understanding the policy differences between Hong Kong and mainland China. With this clarification, people can get a more accurate picture of the status of cryptocurrencies in the country, moving away from an exaggerated narrative of a complete ban.
#CryptoNews #Bitcoin #china #HongKong #blockchain $BTC
According to a recent article, public understanding of cryptocurrency policies in China needs to be corrected to avoid global market confusion. Here are some key facts to know:
1. Hong Kong Supports Crypto: Hong Kong, as a special administrative region of China, fully supports the adoption of cryptocurrencies and serves as a hub for digital innovation.
2. No Ban for Individuals: China's policies are more focused on restricting institutional participation, not on banning individuals from transacting in crypto.
3. Bitcoin Mining Continues: Despite strict regulations, Bitcoin mining activities in various regions of mainland China show that the sector has not been completely shut down.
4. Growing Interest in Stablecoins and RWAs: Chinese officials are starting to pay attention to the use of digital assets like Stablecoins and Real World Assets (RWAs) within a more controlled regulatory framework.
This misunderstanding highlights the importance of understanding the policy differences between Hong Kong and mainland China. With this clarification, people can get a more accurate picture of the status of cryptocurrencies in the country, moving away from an exaggerated narrative of a complete ban.
#CryptoNews #Bitcoin #china #HongKong #blockchain $BTC
💼🇭🇰 Hong Kong’s Web3 Leap Begins!
On August 1, Hong Kong rolled out its fiat‑based stablecoin legal framework — a game‑changer for Asia’s financial hub.
📌 Key Moves:
All stablecoin issuers must be licensed by the HKMA 🏦
6‑month transition period for existing firms
Covers reserves, AML, and redemption rules
💰 Money is pouring in:
At least 10 listed Hong Kong fintechs have raised $1.5B since the rules dropped, funding stablecoin projects, blockchain payments, and crypto ventures.
🚀 OSL Group scored $300M in July.
🌏 Why Now?
Bloomberg links this boom to Trump’s crypto‑friendly GENIUS Act 🇺🇸 and Asia’s push for local stablecoins. South Korea, Malaysia, Thailand & the Philippines are already exploring their own.
💡 Hong Kong’s clear rules could make it the Web3 capital of Asia — but will other countries keep up?
#HongKong
#Web3
#BTC
#ETH
#BNB
$BTC
$ETH
$BNB
On August 1, Hong Kong rolled out its fiat‑based stablecoin legal framework — a game‑changer for Asia’s financial hub.
📌 Key Moves:
All stablecoin issuers must be licensed by the HKMA 🏦
6‑month transition period for existing firms
Covers reserves, AML, and redemption rules
💰 Money is pouring in:
At least 10 listed Hong Kong fintechs have raised $1.5B since the rules dropped, funding stablecoin projects, blockchain payments, and crypto ventures.
🚀 OSL Group scored $300M in July.
🌏 Why Now?
Bloomberg links this boom to Trump’s crypto‑friendly GENIUS Act 🇺🇸 and Asia’s push for local stablecoins. South Korea, Malaysia, Thailand & the Philippines are already exploring their own.
💡 Hong Kong’s clear rules could make it the Web3 capital of Asia — but will other countries keep up?
#HongKong
#Web3
#BTC
#ETH
#BNB
$BTC
$ETH
$BNB
Hong Kong to Launch RWA Registration Platform on August 7
The Hong Kong Web3.0 Standardization Association is set to debut its Real-World Asset (RWA) registration platform this August 7. Designed to revolutionize how RWAs are handled, the platform will offer streamlined solutions for data tokenization, asset management, and integrated financial services. This move marks a major milestone in bridging traditional finance with Web3 infrastructure.
#RWA #Web3 #Tokenization #HongKong #Write2Earn
The Hong Kong Web3.0 Standardization Association is set to debut its Real-World Asset (RWA) registration platform this August 7. Designed to revolutionize how RWAs are handled, the platform will offer streamlined solutions for data tokenization, asset management, and integrated financial services. This move marks a major milestone in bridging traditional finance with Web3 infrastructure.
#RWA #Web3 #Tokenization #HongKong #Write2Earn
💼🇭🇰 Hong Kong Enters the Web3 Era! 🌐🚀
Regulators just unlocked the vault — and Fintechs are diving in headfirst!
🔓 New Stablecoin Laws Dropped (Aug 1)
✅ Mandatory HKMA licenses
✅ Reserve audits & AML compliance
✅ 6-month transition for existing firms
💸 Over $1.5 BILLION raised by 10+ listed firms for:
• Stablecoins 🪙
• Blockchain payments ⚡
• Crypto investments 💼
🏢 Big Names Jumping In:
OSL Group ($300M raised)
Dmall Inc., SenseTime Group & more!
🌏 Asia Aligns With Trump’s Crypto Push?
🇺🇸 GENIUS Act (July 18) = First major US stablecoin law
🌍 Ripple effects in Korea, Malaysia, Thailand & Philippines
📊 Did You Know?
🇰🇷 Korean exchanges processed $41B in stablecoin trades (Q1 2025) 😱
🏦 Won-based stablecoins may be coming soon!
👇 Is Hong Kong the new global crypto capital?
Comment your thoughts! 💬
#Binance #CryptoNews #Stablecoin #Web3 #HongKong #USDT #USDC #AsiaCrypto #TrumpCrypto #GENIUSAct #BlockchainFuture #ProjectCrypto
Regulators just unlocked the vault — and Fintechs are diving in headfirst!
🔓 New Stablecoin Laws Dropped (Aug 1)
✅ Mandatory HKMA licenses
✅ Reserve audits & AML compliance
✅ 6-month transition for existing firms
💸 Over $1.5 BILLION raised by 10+ listed firms for:
• Stablecoins 🪙
• Blockchain payments ⚡
• Crypto investments 💼
🏢 Big Names Jumping In:
OSL Group ($300M raised)
Dmall Inc., SenseTime Group & more!
🌏 Asia Aligns With Trump’s Crypto Push?
🇺🇸 GENIUS Act (July 18) = First major US stablecoin law
🌍 Ripple effects in Korea, Malaysia, Thailand & Philippines
📊 Did You Know?
🇰🇷 Korean exchanges processed $41B in stablecoin trades (Q1 2025) 😱
🏦 Won-based stablecoins may be coming soon!
👇 Is Hong Kong the new global crypto capital?
Comment your thoughts! 💬
#Binance #CryptoNews #Stablecoin #Web3 #HongKong #USDT #USDC #AsiaCrypto #TrumpCrypto #GENIUSAct #BlockchainFuture #ProjectCrypto
🇭🇰 Hong Kong fintech raises over $1.5B into crypto:
Fintech firms in Hong Kong raised $1.5B+ in equity during July to fund crypto, stablecoin, and blockchain ventures after stablecoin licensing reforms.
#CryptoFunding #HongKong #Airdrop #Stablecoins #BlockchainInvestment
Fintech firms in Hong Kong raised $1.5B+ in equity during July to fund crypto, stablecoin, and blockchain ventures after stablecoin licensing reforms.
#CryptoFunding #HongKong #Airdrop #Stablecoins #BlockchainInvestment
Login to explore more contents