Compliance - 852web3 Magazine

Major Stablecoin Scam Rocks Mainland China — Founder of Xin Kang Jia Flees with Over 13 Billion RMB

2025-07-09

A massive stablecoin scam has just shaken mainland China. Claiming to be a "Middle East financial giant" and the "China branch of Dubai Gold & Commodity Exchange (DGCX)," Xin Kang Jia was exposed for illegal fundraising, with nearly 2 million members reportedly affected.

Compliance, Hong Kong, Regulation

Hong Kong Cracks Down on OTC Crypto Platforms — Jail Time & Millions in Fines for Unlicensed Operators

2025-06-30

On June 27, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) jointly released a consultation paper announcing a mandatory licensing regime for all platforms offering crypto-to-fiat services — including OTC shops and platforms.

Compliance, Hashkey, Hong Kong, Regulation

Guotai Junan International Gets Green Light for Virtual Asset Trading in Hong Kong — A Game-Changer for Mainland-Backed Brokerages?

2025-06-26

Compliance, Exchanges, Hong Kong, Market Insight, Regulation

Hong Kong Emerges as a Strategic Gateway for Offshore RMB Stablecoins

2025-06-22

A new wave of policy thinking may put Hong Kong at the center of China’s cross-border stablecoin ambitions. With Hong Kong's new stablecoin legislation officially in effect, global observers are paying close attention to the city’s potential to host the world’s first offshore RMB stablecoin — a bold move that could reshape the global digital payment landscape.

Compliance, Hong Kong, Stablecoin

Visa and Bridge Launch USDC‑Powered Visa Card in Six Latin American Markets—Hong Kong Pilot on the Horizon?

2025-05-07

Visa has teamed up with Bridge—recently acquired by Stripe—to introduce a USDC‑backed Visa card in Argentina, Colombia, Ecuador, Mexico, Peru and Chile. Cardholders can spend stablecoins anywhere Visa is accepted without extra conversion steps or settlement delays. This rollout marks a pivotal shift from Web3 experimentation toward real‑world financial integration. With plans to expand into Europe, Africa and Asia, Hong Kong’s robust financial infrastructure and progressive stablecoin sandbox regime make it a natural candidate for a future pilot.

Compliance, Editorial, Market Insight, TradFi

A Guide to Establishing Web3 in Hong Kong: Leveraging Cyberport Resources and Regulatory Advantages for New Opportunities

2025-02-18

With the rapid development of blockchain technology, Web 3 is emerging as a core driver of the global economy, attracting numerous startups eager to innovate in this space.

Compliance, Hong Kong, Regulation

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