virtual-asset – Charm

2 arrested in Hong Kong over laundering HK$1.15 billion in case involving stablecoin

Cs news7 months ago02 mins

Hong Kong customs officers have arrested two men who allegedly smuggled cash out of the city and made suspicious transactions, including with a popular stablecoin, to launder HK$1.15 billion (US$146.5 million). A Customs and Excise Department spokesman said on Tuesday that an investigation into the pair found they had smuggled cash out of the city….

HK finalizes regulatory framework on virtual-asset activities

Cs news9 months ago06 mins

Christopher Hui Ching-yu, secretary for financial services and the Treasury delivers speech at press conferences at the Central Government Offices in Admiralty on Feb 27, 2025. (ADAM LAM / CHINA DAILY) The government of the Hong Kong Special Administrative Region has welcomed the passing of the Stablecoins Bill by the Legislative Council (LegCo) on Wednesday….