Hong Kong - Crypto News And Market Updates

Illustration depicting a DeFi liquidity crisis involving Euler Finance and Telos blockchain connections.

A Complete Retrospective on Hong Kong’s Largest Crypto Collapse: Multiple JPEX Members Now on Red Notice

May 28, 2026 Paulo Mendes

Hong Kong’s JPEX scandal becomes its largest crypto fraud case with 80 arrests, 2,700 victims, and Red Notices for masterminds. SFC faces scrutiny as new rules reshape the city’s crypto gateway.

Stablecoin-focused crypto illustration showing digital dollar symbols and blockchain network, representing expectations of a stablecoin supercycle.

Hong Kong’s First Officially Approved Stablecoin Completes Ethereum Testing — What It Signals for Asia’s Digital Dollar Race

May 24, 2026 Paulo Mendes

Hong Kong’s first officially approved stablecoin has completed Ethereum testing, signaling that the city’s licensing regime is moving from policy to live infrastructure, with broader implications for Asia’s digital dollar race.

Governments adopting blockchain-based digital infrastructure without crypto branding

HashKey Exchange’s New License Tightens Hong Kong’s Grip on Institutional Crypto

May 14, 2026 Paulo Mendes

HashKey Holdings (3887.HK) announced a new SFC license for its virtual asset exchange, deepening Hong Kong’s role as a regulated crypto hub amid China’s crackdown.

Hong Kong Delays Its First Stablecoin Licenses as Compliance Takes Priority Over Speed

April 1, 2026 Paulo Mendes

Hong Kong has delayed its first batch of stablecoin licenses past the March target, suggesting the HKMA is prioritizing AML, KYC, and operational readiness over a fast rollout.

Hong Kong Passes Stablecoins Bill, Enforces Licensing for Fiat-Backed Issuers

May 21, 2025 Gonzalo

Hong Kong mandates licensing for fiat-backed stablecoin issuers, setting tough new standards for compliance, reserve backing, and consumer safety.

Illustration depicting RedStone oracle infrastructure connected to BNB Chain data feeds.

Flare and Red Date Launch KYC Solution for Chinese Nationals Visiting Hong Kong

November 8, 2024 Gonzalo

Flare and Red Date launch decentralized KYC for Chinese visitors to Hong Kong, offering privacy-focused financial services on public blockchain networks.

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Hong Kong’s SFC Set to Approve Batch of New Crypto Licenses by End of Year

October 7, 2024 Gonzalo

Hong Kong’s SFC will approve a new batch of crypto licenses by year-end, aiming to regulate 11 virtual asset trading platforms currently under review.

Hong Kong’s Licensed Crypto Platform OSL Set for Brand Overhaul

September 12, 2024 Gonzalo

Hong Kong’s OSL crypto exchange partners with Pentagram for a brand overhaul, aiming to enhance its presence and expand globally in the digital asset space.