Hong Kong

Chinese e-commerce titan JD.com has reportedly registered two stablecoins-Jcoin and Joycoin-through its fintech arm JD Coinlink Technology, according to Hong Kong media reports.

Hong Kong will be officially enforcing its new rule that makes it a criminal offense to offer or promote unlicensed stablecoins to retail investors beginning August 1.

Leading Chinese-based Layer 1 blockchain Conflux Network is eyeing on the release of a stablecoin, which would be pegged to the offshore Chinese Yuan.

DePIN Expo 2025, the first large-scale Web3 consumer tech event focused on on-chain hardware and decentralized infrastructure, will debut in Hong Kong this August to spotlight the convergence of blockchain, real-world devices, and AI.

CMB International Securities (CMBI), the brokerage division of China Merchants Bank, has received a virtual asset licence from Hong Kong’s Securities and Futures Commission (SFC), marking a significant milestone for the regional digital assets landscape.

China SanSan Media plans to apply for a stablecoin licence in Hong Kong ahead of new rules starting on 1 August. The company aims to use stablecoins to improve retail payments and reduce costs.

A male law student at the University of Hong Kong created over 700 fake pornographic AI images of women he knew, using their social media photos without consent. The university only gave him a warning, leading to public anger and calls for stronger action and legal reform.

The race to secure stablecoin licenses in Hong Kong is reaching a fever pitch as the city prepares to launch its new regulatory framework. However, the HKMA will only issue less than 10 license as the country takes a more cautious approach towards digtial assets.

Eric Trump will speak at Bitcoin Asia 2025 in Hong Kong as the city strengthens its crypto regulations to attract global interest. The event highlights Hong Kong’s efforts to lead in digital assets, while Trump’s appearance adds political weight to the growing crypto scene in Asia.

Hong Kong will start issuing stablecoin licences from August under a new law, with only a small number expected to be approved by the end of 2025. The rules will allow only fiat-backed stablecoins and focus on safe, practical uses like cross-border payments.