Hong Kong has once again cemented its leadership in the global crypto news landscape by approving its first spot Solana (SOL) exchange-traded fund (ETF), beating the US to this milestone and extending its edge over Western regulators in embracing innovative blockchain technology. The move makes Hong Kong the latest jurisdiction after Canada, Brazil, and Kazakhstan, to advance spot…
Several of China’s leading technology companies, including Ant Group and JD.com, have suspended their stablecoin projects in Hong Kong following direct intervention from Beijing regulators. The move, which has made waves across global crypto news, underscores China’s determination to maintain firm control over digital currency issuance and its evolving stance toward the semi-autonomous city’s ambitious blockchain technology initiatives. Beijing regulators halt private stablecoin ambitions According…
In a pivotal move for Asia’s digital asset industry, the Hong Kong Monetary Authority (HKMA) will begin enforcing its much-anticipated stablecoin regulatory framework this Friday. The regulatory rollout kicks off with a six-month transition period, ushering in temporary licenses and stricter compliance measures for stablecoin issuers. This phased approach underscores Hong Kong’s effort to balance…
