Financial regulators are already planning cybersecurity strategies to protect banks from future risks posed by quantum computing. The Hong Kong Monetary Authority (HKMA) has revealed substantial gaps in preparedness among the Hong Kong banking sector by developing the first Quantum Preparedness Index (QPI). The HKMA gave Hong Kong banks a
The Hong Kong government has not issued any HKD stablecoin licenses, despite earlier commitments to begin the approval process in March this year. The HKMA is still reviewing the applications and has not announced any approvals. Also, stretching the deadline beyond the earlier stated timeframe by the officials. The officials,
Boyaa Interactive International, a Web3 gaming company based in Hong Kong, asks for shareholder approval to invest up to $70 million in cryptos in order to increase its digital asset treasury and accelerate its drive into blockchain-based gaming in the face of continuous market volatility. According to the official statement,
Hong Kong and Shanghai trade authorities have agreed to leverage the use of blockchain technology in order to record cargo data in a bid to modernize cross-border logistics. The move is aimed at increasing transparency in the logistics industry, thereby reducing paperwork among traders in the two cities. According to
Hong Kong-based stablecoin payments firm RedotPay is reportedly preparing for a potential US initial public offering that could raise more than $1 billion. Sources familiar with the matter told Bloomberg that the listing could value the company at over $4 billion. RedotPay is working with JPMorgan Chase, Goldman Sachs, and
Hong Kong’s Securities and Futures Commission (SFC) has approved a license to a cryptocurrency trading platform for Victory Fintech, which is a publicly listed financial service company. Since June 2025, this was the first license issued by SFC, with a total of 12 licensed crypto trading platforms in Hong Kong.
Charles Hoskinson, the founder of a leading blockchain and research company, Input Output Global, publicised on February 12 that Midnight, the highly anticipated privacy-focused blockchain of the company, will officially roll out in the last week of March. The announcement came amid the keynote speech of Hoskinson at Consensus Hong
The central bank of Malaysia has planned to roll out three actions in 2026 that comprise local currency stablecoins and tokenised deposits. The February 11 announcement noted that the Bank Negara Malaysia (BNM) revealed the Digital Asset Innovation Hub (DAIH) is taking three projects onboard for this year. The projects
Hong Kong is planning to become a leading regulated hub for digital assets. Julia Leung, SFC Chief Executive, speaking at CoinDesk, says that the watchdog will soon publish a high-level regulatory framework that allows licensed trading platforms to offer perpetual futures contracts tied to cryptocurrencies. Initially limited to institutional investors
The recent policy adjustment of China seems more like a crackdown instead of a structural reordering. As reported by Bloomberg, it has tightened the cryptocurrency activity once again. On Friday, 8 Chinese authorities headed by the central bank issued a joint notice on risks associated with the digital assets. It
