Hong Kong’s Stablecoin Stamp of Approval (TWIF - China 5/22)

Hong Kong passed a new stablecoin law, paving the way for licensed issuers to sell stablecoins to the public and setting up a risk-based regulatory regime for digital assets.

HashKey Group launched HashKey Global MENA after securing a VASP license in the UAE, expanding its regulated crypto trading footprint into the Middle East and North Africa.

Binance Pay added support for Brazil’s Pix instant payment system, enabling seamless crypto-to-fiat payments for Brazilian users.

China is planning new regulations to support tech firms seeking overseas listings, aiming to balance innovation with national security concerns.

The Trump administration raised concerns about a deal to put Alibaba’s AI on iPhones, citing potential national security risks.

China’s tax authorities are targeting global investment income, stepping up efforts to tax offshore earnings of Chinese nationals and residents.

Ant Group plans to sell a 4% stake in India’s Paytm for $242 million as part of its ongoing portfolio adjustments.

Airwallex raised $300M in a Series F funding round, boosting its valuation to $6.2B.

Ant Digital Technologies launched AI-enabled fintech solutions, focusing on intelligent risk management and customer engagement for financial institutions.

Ant and HSBC partnered to pilot tokenized treasury management solutions, leveraging blockchain for real-time settlement and enhanced transparency.