digital assets

HSBC, Standard Chartered to get stablecoin licenses in Hong Kong

The city has been pushing ahead with ambitions to become a crypto hub through a series of regulatory measures first announced in 2022

In line with demands from wealthy investors, Hong Kong’s government has been easing some rules to encourage crypto trading activity.

Hong Kong family offices plan more crypto, private markets exposure

The financial hub has sought to encourage more wealthy individuals and their families to anchor their investments in the city

A key sticking point is whether crypto trading platforms such as Coinbase Global should be allowed to pay users rewards for holding stablecoins.

JPMorgan sees crypto boost if market-structure bill passes

The Clarity Act is part of a broader push in Congress to create a comprehensive regulatory framework for digital assets

Crypto.com is already regulated on the state level by the New Hampshire Banking Department as a non-depository trust company.

Crypto.com says it won conditional approval for US bank charter

Becoming trust banks does not allow the firms to act as traditional Main Street institutions

World Liberty issues the USD1 stablecoin, which has a market value of about US$5 billion.

Trump-linked World Liberty targets real estate as crypto slides

Real estate has been slower to move on-chain than other assets

Many banks say they are also mindful of digital assets’ potential to reshape customer behaviour, and want to stay at the forefront of development.

US banks build tokenised deposit network to guard their turf

The full service is expected to be available for customers of the banks involved in the fourth quarter

Bitcoin's slide signals maturation instead of a structural decline, says Vincent Chok, CEO of fintech firm First Digital.
BT EXPLAINS

Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency

BT unpacks the drivers behind the asset’s downturn and what it means for investors

The company holds around 140 tonnes of gold, according to Ardoino, most of which are its own reserves, along with the bullion backing its own gold token.

Tether is shaking up the gold market with massive metal hoard

The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation

The Bill proposes to bar crypto companies from paying interest to consumers solely for holding a stablecoin, such as Tether.

US senators introduce long-awaited Bill to define crypto market rules

The legislation gives the industry legal clarity, and defines when tokens are securities, commodities or otherwise

Prenetics will now focus on IM8, a nutritional supplement brand co-founded by David Beckham.

David Beckham-backed health firm Prenetics ceases Bitcoin treasury plans

Strategy change comes as the coin has entered a bear market, causing the stock price of many digital-asset treasuries to fall