A Hong Kong man known only as Chen reportedly died by suicide after losing about 10 million HKD (around $1.2 million) in cryptocurrency trades, local reports said on Jan. 14, 2026. The case has renewed concerns about investor protections and mental-health support amid volatile markets.
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) will introduce new licensing rules for virtual asset dealers and custodians, expanding the city’s digital-asset regulatory framework beyond its stablecoin roadmap and tokenization guidance. Regulators say the move aims to bolster oversight and support institutional participation in the market.
Hong Kong police arrested 15 people after thieves stole 1 billion yen (about $6.4 million) in cash from employees of a Japanese cryptocurrency firm in a daytime robbery; the money has not been recovered. Authorities say the arrests follow an ongoing investigation into the street-level theft.
HashKey Holdings, Hong Kong’s largest licensed crypto exchange, plans to raise about HK$1.6 billion (US$206 million) in a Hong Kong IPO after pricing shares at HK$6.68 each, a source said Monday.
OSL Group and Anchorage Digital announced the launch of USDGO, a U.S.-regulated stablecoin to be issued in Hong Kong and fully backed 1:1 by U.S. dollar–denominated assets. The token will be issued under U.S. federal supervision.
Hong Kong has opened a consultation to align its crypto tax reporting rules with the OECD’s new global transparency standards. The move seeks clearer reporting obligations for platforms and greater cross-border tax cooperation.
HashKey Group, Hong Kong’s largest licensed cryptocurrency exchange, plans to raise up to HK$1.67 billion (US$214.66 million) in an initial public offering in the city, according to a prospectus filed on Tuesday. The move marks a high-profile attempt to tap public markets amid growing institutional interest in Asia’s crypto hubs.
Hong Kong–based OSL announced it will list XRP, the fourth-largest cryptocurrency by market capitalization, expanding onshore access for retail and institutional traders. The move reinforces exchange-level support for XRP in a regulated market.
Binance pledged HK$10 million on Nov. 27 to support immediate relief and rebuilding after Hong Kong’s deadliest fire in decades. The exchange says funds will be deployed across the disaster zone as calls grow for transparent, accountable recovery.
Thailand’s Bitkub is reportedly exploring a Hong Kong IPO to access international capital and raise its regional profile, Bloomberg sources say. The plan would bolster investor visibility but faces timing and regulatory questions.