Author: wordpress51
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The Stablecoin Race Is On: Web2 Giants Are Lining Up for Licenses — Is Hong Kong the Next Battlefield?
Ant Group's international arm just confirmed it plans to apply for stablecoin licenses in both Hong Kong and Singapore, pledging to submit applications “as soon as local regulatory channels open.” The news immediately sparked market reactions — Hong Kong-listed Yunfeng Financial (00376.HK), tied to the “Ant Financial concept,” surged up to 98% intraday. Meanwhile, JD…
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Circle's IPO Breaks Ground — Is Stablecoin Finance Going Mainstream?
On June 5, 2025, Circle (CRCL)—the issuer of USDC and a key player in the stablecoin ecosystem—officially listed on the New York Stock Exchange, becoming the first stablecoin company to go public.
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Hong Kong Makes Its Move: Stablecoin Ordinance to Take Effect on August 1, 2025
On June 6, the Hong Kong SAR Government officially announced that the Stablecoin Issuance and Governance Ordinance (Cap. 656) will come into effect on August 1, 2025, establishing a clear licensing framework for stablecoin-related activities.
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Visa and Bridge Launch USDC‑Powered Visa Card in Six Latin American Markets—Hong Kong Pilot on the Horizon?
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…
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From Casual Conversations to Concrete Progress in Hong Kong’s Web3
What started as casual gatherings is becoming a voice for the Hong Kong Web3 scene, helping ideas find their place in the bigger picture
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Michael Lau, Chairman of Consensus Hong Kong Consensus "The Gateway to Asia" Consensus Hong Kong 2025 Debuts in the City
One of the world’s largest and most established conferences on cryptocurrency and Web3, will take place in Hong Kong from February 18 to 20, 2025.
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To “Make Impact for Hong Kong” Ex-CFO of two crypto Exchanges see HK his true home Chris Lee, Co-Founder of Merkle 3s Capital
How Web3 attracts senior executives in the traditional finance world? Chris Lee, a former Chief Financial Officer who served multiple listed companies, recalls his first encounter with the concepts and technologies of Web3 in 2013.
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Teaching Web3 for 7 years: Educator Louis aims to support Hongkongers to embrace the future of Web3
"GM, GM, I’m Louis, the host of WeeklyDose." Every Saturday at 10:30 a.m., Louis Lee hosts a crypto-focused radio show on Twitter Space, where he shares the latest developments and interesting stories from the Web3 market over the past week.
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Former Bank CTO Transitions to Web3: Pioneering Custodial Technology for Digital Assets ｜ Gary Lam, Co-founder of dacc.hk
At the start of the interview, Gary Lam, a seasoned IT engineer with over 20 years of experience, made one thing clear: he still loves product development. He humorously described his corporate management responsibilities as “extra duties.” Gary’s passion for Web3 technology begins early.
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Foster further development of Cyberport as a bridge for communication and a hub for innovation Rachel Lee, Director of Web3 & FinTech Development of Cyberport
The Hong Kong Government issued a policy statement on the development of Virtual Assets in October 2022, setting out its vision and approach towards a sustainable development of virtual asset and Web3.0 ecosystem in Hong Kong. Around the same time, Rachel Lee left her position at The Hong Kong Exchanges and Clearing Limited (HKEX) after…