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China’s pause on stablecoin projects will not dampen Hong Kong’s crypto push, experts say

✍️ Xinmei Shen 📅 October 25, 2025 02:00 PM 🕐 Scraped: October 25, 2025

Summary: The directive reflects Chinese regulators’ attempts to cool down months of fervour surrounding stablecoins in Hong Kong.

Beijing’s recent moves to rein in mainland Chinese firms’ stablecoin and tokenisation initiatives in Hong Kong may have rattled the city’s crypto sector, but the Chinese government’s increased

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Author

Xinmei Shen

Original Publisher

🌍 South China Morning Post

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Published Date

October 25, 2025 at 02:00 PM

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