China’s central bank has intensified concerns over China stablecoin AML risk, warning that stablecoins fail to meet mainland requirements on customer identification and anti-money-laundering controls. Following a multi-agency meeting, the People’s Bank of China reiterated that virtual-currency activity constitutes illegal financial conduct and can facilitate fraud, money laundering and unauthorised cross-border flows. The statement complicates Hong Kong’s efforts to build a r

A new family offices stablecoins report by Hong Kong-based Annum Capital highlights how stablecoins are becoming the backbone of...

Several stablecoin issuers are engaging with Hong Kong authorities as the city prepares to implement its new regulatory framework next...