Bitcoin Hits $125,600 as Hong Kong Advances Digital Asset Regulation and Eyes 2026 Stablecoin License for HKD
Hong Kong’s regulatory arc for digital assets is advancing, according to Wen Wei Po’s Top Ten Financial News in 2025. The improvement of the digital economy’s virtual asset regulatory framework and the new stablecoin regulation strengthen oversight and governance for cryptocurrency activities. Markets expect a stablecoin license to be issued in early 2026, with a Hong Kong dollar stablecoin anticipated to support domestic commerce and cross-border transactions, boosting liquidity and credibility.
COINOTAG News noted bitcoin momentum, citing a high of $125,600, driven in part by coverage of Trump’s support for the asset. The price subsequently retreated, trading near $85,000, a decline of more than 30% from the peak. The episode highlights continued volatility even as regulatory clarity in Hong Kong enhances the long-term risk management framework for institutional and retail crypto participants.
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