Hong Kong and Shanghai Sign Blockchain MOU to Digitize Cross-Border Trade Finance

Hong Kong and Shanghai Sign Blockchain MOU to Digitize Cross-Border Trade Finance Hong Kong and Shanghai authorities signed a memorandum of understanding on Monday to develop a blockchain-based platform linking cargo trade data with financial services, marking a significant step in cross-border digital trade infrastructure. The Hong Kong Monetary Authority, the Shanghai Data Bureau and…

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Mainland China Firms Reportedly Retreat from Hong Kong Stablecoin Licensing After Policy Shift

Hong Kong’s ambitious push to become a global Web3 hub just hit a significant snag. A bombshell report from local news outlet Caixin on Thursday reveals that mainland Chinese firms operating in the Special Administrative Region are reportedly facing imminent restrictions on their cryptocurrency and stablecoin activities. This development is already forcing major players, including…

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