Issuing a stablecoin pegged to the offshore yuan in Hong Kong may be more feasible than in mainland China due to the latter’s capital controls, a central bank adviser has said. The comments from Huang Yiping, also dean of Peking University’s National School of Development, came as worries arise in Beijing’s policy circles that Washington…
When BlackRock’s chairman Larry Fink declared in his annual letter that “every stock, every bond, every fund – every asset – can be tokenised”, he wasn’t forecasting some distant revolution. He was describing a shift already under way – one that is beginning to reshape how capital is formed, how assets are distributed and who…
Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”…
The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development…
Coinbase Global (COIN) stock is flying after two pivotal developments: the U.S. Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and Coinbase’s push to gain SEC approval for tokenized equity trading. Both have massive implications for the crypto economy-focused financial technology company. While the regulatory skies are clearing for…
Hong Kong’s Financial Secretary Paul Chan outlined plans for a second digital asset innovation push in a blog post over the weekend. After the first policy statement in 2022 formalized its approach to cryptocurrencies, it is planning to announce its future strategy soon. It sounds like the focus could be on digital securities and tokenized…
Hong Kong made a forward-looking move on digital assets last month by passing a landmark law to regulate the market for stablecoins. Such a regime, which is well ahead of many jurisdictions in Asia and North America, will help bolster public confidence in this popular and fast-growing financial sector. It showcases the city’s crucial role…
Crossmint has raised $23.6 million to continue expanding its solutions that help companies and developers build blockchain applications. The company’s platform enables users to build blockchain applications with a few lines of code and deploy wallets, tokenization, payments, onchain credentials and other building blocks for apps, Crossmint said in a Tuesday (March 18) press release. The…
Mar 08, 2025 04:50 AM IST Trump and crypto czar David Sacks hosted a roundtable of digital assets industry executives at the White House digital assets summit in Washington. President Donald Trump on Friday said he would support legislative efforts to create a regulatory framework for stablecoins to keep the US dollar as the world’s…
US stock futures climbed in overnight trading on Sunday as uncertainty persisted regarding President Donald Trump’s plans to impose tariffs on major U.S. trading partners this week. S&P 500 futures (ES=F) crept up 0.3%. Nasdaq futures (NQ=F) saw a 0.4% gain. Futures on the Dow Jones Industrial Average (YM=F) rose by about 0.2%. The major…