BITPRISMIA
The content provided does not contain any article or substantive information to summarize.
OSL Group, a Hong Kong-based digital asset platform, raised $300 million in equity financing, marking Asia's largest disclosed crypto equity deal to date, with proceeds aimed at funding stablecoin infrastructure and compliant payment rails.
OSL Group plans to raise $300 million to expand its operations in stablecoins and payment services, reinforcing Hong Kong's position in the digital asset market.
Hong Kong is introducing strict stablecoin regulations starting August 1, 2024, to bring clarity and compliance to the stablecoin market, aligning with global regulatory trends.
Hong Kong will criminalize unlicensed stablecoin promotions starting August 1, 2025, as part of its new Stablecoins Ordinance, aiming to curb fraud and ensure compliance with strict regulatory standards.
China Merchants Bank’s CMB International Securities has become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission, enabling it to operate legally in Hong Kong.
CMB International Securities (CMBI) becomes the first mainland Chinese brokerage to offer crypto trading, custody, and advisory services in Hong Kong, marking a significant step in Hong Kong's push to become a global digital asset hub.
Hong Kong is experiencing a surge in stablecoin license applications as new regulations set to take effect on August 1 aim to bring stablecoins under comprehensive oversight, positioning the city as a key hub for digital assets and a bridge for Chinese enterprises.
Ant Group’s international arm plans to adopt Circle’s USDC stablecoin once it achieves full U.S. regulatory compliance, as part of its strategy to expand its global footprint and enhance blockchain-based financial services.