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China AMC Launches ‘First’ Retail Tokenized Fund in APAC

[Mar 3 7:30 AM] China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region. Broadening Investor Base The Hong Kong investment firm China Asset Management recently launched a tokenized fund known as the China AMC HKD…

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

[Feb 25 5:30 AM] Infini, a Hong Kong stablecoin neobank, confirmed a $49 million hack due to exploited administrative privileges, just days after a massive breach at Bybit. Infini: Runway Still Solid The Hong Kong stablecoin neobank, Infini, confirmed on Feb. 24…

China May Be On the Verge of Ending Its Bitcoin Ban

[Dec 17, 2024 10:15 PM] Look, I think it's only a matter of time before China pulls a complete 180 on its Bitcoin ban. Yes, they outlawed trading and mining back in 2021, but honestly, a lot has changed since then — especially this year. Bitcoin's momentum globally has…

Hong Kong Considers Bill to Regulate Stablecoins

[Dec 7, 2024 8:30 AM] This framework will provide the legal foundation for stablecoin regulation in Hong Kong. Regulation for Stablecoins Hong Kong is taking another bold step in its aspiration to establish itself as a global hub for digital assets. The city’s financial…

Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks

[Nov 16, 2024 9:30 AM] The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto…