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China’s crypto divide: Hong Kong expands settlement, Beijing targets corruption
Standard Chartered launched tokenized corporate deposits in Hong Kong and plans regulated stablecoins for government debt trials; HKMA upgraded EnsembleTX for 24/7 settlement with 12 banks; HSBC’s RedCoin stablecoin reached 50,000 users; China’s Communist Party issued a directive to crack down on corruption involving virtual currencies and blockchain.