Search results for Futu
Crypto
China online brokerage crackdown puts USDT in focus as backdoor route for overseas stocks re-emerges
China\'s securities regulator has begun sanction procedures against online brokerages including Tiger Brokers, Futu and Longbridge for offering services to mainland clients without approval, and ordered a wind-down over 2 years. Existing users can only sell assets and withdraw funds during the period, while new deposits and buy orders have been halted. The move has renewed attention on USDT as a potential route for shifting funds, though regulators have also expanded oversight of stablecoins.
Crypto
Hong Kong stablecoin licence issuance delayed as review continues
Hong Kong’s financial regulator had signalled it would issue its first stablecoin licence in the first quarter, but no applicant has been approved as of April. The Hong Kong Monetary Authority said it is continuing to process and review applications and will announce any progress, without giving a timetable. It has asked applicants to strengthen disclosures on reserve assets, anti-money laundering controls, redemption mechanisms and responses under extreme stress.
Industry
Japan\'s materials grip strengthens in 2-nanometre era
Japan is regaining prominence in key semiconductor materials as the chip industry enters the 2-nanometre era, with demand rising for EUV photoresists and blank masks. Japanese firms control more than 90 percent of the EUV photoresist market and lead in blank masks, giving them growing pricing power. South Korea is working to develop domestic alternatives, but the industry says dependence on Japanese materials persists in High-NA EUV processes.