Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong

In this Asia Morning Briefing, we delve into the challenges faced by stablecoin initiatives across the continent, particularly the detrimental impact of capital controls that have stifled innovation and growth in this financial sector. Despite the broader trend of regulatory hurdles and restrictive economic measures that hinder the proliferation of stablecoins, we will also highlight how Hong Kong stands out as an exception, fostering a more favorable environment for stablecoin development and adoption. This briefing aims to provide insights into the current landscape of cryptocurrency regulations in Asia, emphasizing the contrasting situations in various regions and the potential for Hong Kong to become a leader in the stablecoin market. source: https://www.coindesk.com/business/2025/09/23/asia-morning-briefing-capital-controls-doom-asia-s-stablecoin-dreams-except-in-hong-kong