Hong Kong–listed companies tied to stablecoin and digital-asset operations witnessed a sharp downturn after the People’s Bank of China (PBOC) reiterated its commitment to tightening oversight of cryptocurrency-related activities. The renewed warning from Beijing revived concerns about regulatory pressure spilling over into regional markets, particularly firms with exposure to blockchain infrastructure, virtual-asset payments and stablecoin… Continue reading Hong Kong Stablecoin Stocks Slide as PBOC Signals Intensified Crypto Crackdown