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Almost all global transactions will eventually use blockchain, Standard Chartered CEO
Standard Chartered CEO Bill Winters claims that a time will come when almost all global transactions will be made on a blockchain ledger. Speaking to a crowd in Hong Kong, Winters noted, “Our belief, ...
Hong Kong plans to ease trading rules to boost crypto liquidity
Hong Kong will relax its rules to help cryptocurrency trading, according to the city’s top market regulator. Julia Leung, CEO of the Hong Kong Securities and Futures Commission, announced on Monday th...
Hong Kong’s economy grew 3.8% in the third quarter, its fastest pace in nearly two years
Hong Kong’s economy surged in the third quarter, exceeding economists’ forecasts. Strong exports and a rebound in consumer spending drove the city’s fastest growth in nearly two years, helping offset ...
Emerging markets extend record winning streak to 10 months
Emerging-market stocks just broke a 32-year record. For the first time since 1993, the MSCI Emerging Markets Index is on pace to post 10 consecutive monthly gains, with October adding a solid 4.8% eve...
Hong Kong exchange questions DAT transformation plans of multiple companies
The Hong Kong Stock Exchange has “blocked” the transformation plans proposed by at least five listed companies seeking to convert into digital asset treasury (DAT) entities, according to reports from ...
Japan’s stablecoin law set global standards for consumer protection but restricted innovation in DeFi
Japan has built one of the world’s most conservative stablecoin regimes. But after pioneering a comprehensive legal framework for yen-pegged stablecoins, its bank-dependent structure has been called o...
Hong Kong’s SFC green-lights first spot Solana ETF
ChinaAMC’s Solana ETF becomes the region’s third approved crypto fund after Bitcoin and Ethereum, as US regulatory progress for the same product stalls. The Hong Kong Securities and Futures Commission...
Beijing steps in as PBoC warns against private stablecoin issuance
Chinese tech giants have shelved their plans to launch stablecoins in Hong Kong after Beijing raised red flags over the growing influence of privately controlled digital currencies. Alibaba-backed Ant...
CZ recommends third-party custodians for treasury firms following QMMM collapse
Binance’s founder Changpeng ‘CZ’ Zhao responded to the recent case of QMMM, a multi-coin treasury company which has allegedly disappeared. Zhao believes DAT companies should use a custodian to store t...
FCC cites national security concerns to block Hong Kong’s HKT from U.S. networks
The Federal Communications Commission (FCC) has moved to bar Hong Kong’s telecommunications company, HKT, and its subsidiaries from interconnecting with U.S. networks due to national security concerns...
Nio faces Singapore lawsuit for alleged revenue manipulation as shares plunge
Singapore’s sovereign wealth fund has launched a major lawsuit against Nio, claiming the Chinese electric vehicle maker manipulated its revenue reports and misled investors. Shares of Nio trading in H...
Chinese firms turn to Hong Kong IPOs amid rising tensions with Washington
Chinese companies have withdrawn from listing in the U.S. this year amid rising tensions between Beijing and Washington, as well as increased regulatory scrutiny in the U.S. Data provider Dealogic not...