In a bold pivot amid Beijing's escalating crackdown on stablecoins, Alibaba's cross-border e-commerce unit is exploring deposit tokens to streamline overseas transactions, leveraging stablecoin-like blockchain technology. Alibaba president Kuo Zhang revealed in a CNBC interview that...
In a landmark move signed in Singapore, Swiss banking giant UBS has partnered with Ant International—Alipay's global fintech arm—to revolutionize cross-border treasury operations through tokenized deposits. The Memorandum of Understanding (MoU) leverages UBS's Digital Cash platform,...
Singapore's crackdown on unlicensed crypto exchanges creates opportunities for Hong Kong to strengthen its position as Asia's leading cryptocurrency hub."
Hong Kong activates comprehensive stablecoin licensing regime on August 1, requiring full reserve backing and positioning the region as Asia's premier digital asset hub.
