Asia’s weekly TOP10 crypto news (Sep 29 to Oct 5)
1. Hong Kong to First Implement HKD Stablecoin, First Batch of Licenses to Be Issued in Early Next Year link
Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, stated that license applications for compliant stablecoins are progressing in accordance with the original framework, and the first batch of licenses is expected to be issued in early 2026 as per the original schedule. Hong Kong has a very clear regulatory positioning, which is to strike a balance among three aspects: innovation, integration into the real economy, and risk management. The Hong Kong dollar stablecoin will be implemented first. Regarding the issuance of RMB-denominated stablecoins in Hong Kong, Xu Zhengyu said that from Hong Kong’s…
