Welcome to Techub News' "Hong Kong Web3 Weekly Highlights". In this week's report, we'll summarize the major events and developments in Hong Kong's Web3 sector from March 23 to March 29, along with the latest data insights and detailed event previews, helping you quickly and comprehensively understand the progress of Hong Kong's Web3 sector last week.

The Preparatory Committee for the Hong Kong-South Korea Web3 Policy Promotion Alliance was officially established.

The Preparatory Committee for the Hong Kong-Korea Web3 Policy Promotion Alliance has been officially established. This alliance, the first cross-regional non-governmental cooperation platform jointly initiated by legislators from both Hong Kong and Korea, aims to promote collaborative development on key issues such as digital asset regulation, stablecoin mechanisms, blockchain infrastructure interconnection, and regulatory standard alignment.

The Hong Kong Monetary Authority may issue the first batch of stablecoin licenses to institutions such as HSBC and Standard Chartered Bank on March 24.

According to the South China Evening News, citing sources, HSBC and Standard Chartered Bank are expected to become among the first companies to obtain stablecoin licenses in Hong Kong within two weeks...

Hong Kong Financial Services and the Treasury: The pilot programs for the digital yuan and stablecoins are progressing steadily, with the number of wallets increasing to approximately 80,000.

In a written reply to a legislator's question at a Legislative Council meeting today, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that the cross-border pilot application of the digital yuan in Hong Kong continues to improve...

Futu launches licensed virtual asset exchange "Cheetah Exchange"

Futu Holdings' virtual asset trading platform, Cheetah Exchange, has obtained full licenses and will be fully integrated with Futu Securities, the group's Hong Kong retail brokerage...

Alchemy Pay and HTF Securities receive upgrades to Hong Kong SFC Type 1 licenses.

Crypto payment company Alchemy Pay announced that its Hong Kong strategic investment target, HTF Securities Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC)...

Hong Kong police have released updates on the JPEX fraud case: 80 people have been arrested and assets worth approximately HK$228 million have been frozen.

According to the Hong Kong Commercial Daily, Hong Kong police have released updates on the investigation into the JPEX virtual asset trading platform fraud case. Since the investigation began in September 2023, a total of 80 people have been arrested, and assets worth approximately HK$228 million have been frozen…

Ethereum recently released a rare roadmap. It's not a typical "upgrade list," but rather a system rebuild plan with a timeline, performance goals, and engineering sequence. According to researcher Justin Drake's Strawmap, if all goes well, by 2029, Ethereum's core components will be gradually replaced: consensus mechanisms, execution efficiency, data availability, privacy, and post-quantum cryptography—almost none will remain unchanged.

On March 13, 2026, the People's Bank of China and the State Administration of Foreign Exchange jointly issued the "Administrative Measures for Overseas Lending by Domestic Enterprises" (Yinfa [2026] No. 63, hereinafter referred to as the "Administrative Measures"). The new regulations will officially come into effect on April 20, 2026, simultaneously repealing the three old regulations related to overseas lending issued in 2009, 2016, and 2021. This will completely end the previous pattern of separate regulation for RMB and foreign currency overseas lending, marking a new stage in the integrated regulation of RMB and foreign currencies and unified macro-prudential supervision of overseas lending by domestic enterprises.

The White House Office of Management and Budget (OMB)’s internal review body has officially announced that it has completed its review of the U.S. Department of Labor’s (DOL) new rules regarding 401(k) retirement plans.

Bloomberg reports that Tether has pressed the "pause button" on its $20 billion fundraising plan. Previously, Tether had ambitiously sought massive private funding, targeting a valuation of $500 billion, in an attempt to join the ranks of top private companies like OpenAI and SpaceX.

According to data from ichaingo, last week the Hong Kong Bitcoin spot ETF saw net inflows of 34.28 ETFs, with a total holding value of approximately US$271 million, representing a decrease of approximately US$6 million in holding value; the Ethereum spot ETF saw net redemptions of 1,210 ETFs, with a total holding value of approximately US$66.05 million, representing a decrease of approximately US$1.74 million in holding value.