Hong Kong engineering services company Reitar Logtech has announced a plan to acquire $1.5 billion worth of Bitcoin (BTC). Shares of Reitar Logtech Holdings Ltd rose 9% on Monday following…
Reitar Logtech Holdings Ltd, focusing on real estate and logistics technology, unveiled a major financial decision to help them grow outside Hong Kong. According to a recent filing with the…
Key Points:Hong Kong passes first stablecoin regulation, impacting global markets.Major Chinese securities firms focus on stablecoins.Circle plans IPO amid legislative interest.
Hong Kong’s approval of a regulatory framework for fiat-backed stablecoins…
Key Takeaways:JD.com’s stablecoin is in Phase 2 of Hong Kong’s sandbox testing.
The token is pegged to fiat currencies and built for cross-border and retail transactions.
JD Chain CEO Liu Peng warned…
Key Points:Hong Kong passes global first stablecoin regulation, setting new market standards.Brokerages hold stablecoin roadshows; increased institutional interest.Stablecoins dominate crypto trading, spurring regulatory focus.
The Hong Kong government has passed the…
HashKey Group, a Hong Kong-based firm managing a trading platform, has listed XRP for high-profile investors in Asia. The company announced on May 30, that the XRP/USD spot market is…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureHong Kong’s Legislative Council has passed the long-anticipated Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (FRS)…
In brief
The ordinance mandates licenses for fiat-referenced stablecoin (FRS) issuers under the HKMA
Issuers must meet reserve, redemption, AML, and risk management standards
It comes as the U.S. Senate advances its own…
Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers."Hong Kong’s stablecoins are backed by fiat currency as underlying assets,…
Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development.…