Source: Cointelegraph Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.… Continue reading Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022
Source: SCMP Tokenisation will be ‘profoundly transformative’, Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business. Hong Kong is intensifying its focus on tokenisation and stablecoins to bolster its Web3 industry, the financial services secretary said ahead of a major international blockchain conference, as the city’s virtual asset push faces… Continue reading Tokenisation a ‘Defining Trend’ for Web3 in Hong Kong as City Hosts Major Consensus Event
Source: Reuters Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia’s digital assets hub and attract capital. The Securities and Futures Commission will establish new licensing regimes for over-the-counter trading in virtual assets and for custody services, aiming to boost… Continue reading Hong Kong Expands Virtual Asset Push With New Licensing, Trading Options
Source: Ejinsight In the past, it would have been a fanciful notion for ordinary people to want to claim ownership of luxury homes or artworks worth hundreds of millions of dollars, but asset tokenisation makes their dreams come true. For example, through pricing a famous painting worth HK$100 million in terms of 100 million tokens… Continue reading HK’s Tokenised Economy Fuels GBA’s Smart Finance Capabilities
Source: Cointelegraph Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets. Hong Kong courts can now serve tokenized legal notices on the blockchain against anonymous owners of illicit wallet addresses. A court injunction order seen by Cointelegraph showed two wallet addresses on Tron that received tokenized legal notices to… Continue reading Hong Kong Court Serves Tokenized Legal Notice to Illicit Tron Wallets
Source: Cointelegraph The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections. Hong Kong’s proposed Stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for stablecoins. On Dec. 6, the Hong Kong government published the bill in the special administrative region’s… Continue reading Hong Kong Stablecoins Bill Advances to the Legislative Council
Source: Cryptonews Hong Kong’s Cyberport has expanded to over 270 Web3 enterprises, supported by a $50M budget allocation and government-backed blockchain initiatives. Cyberport, Hong Kong’s government-owned tech hub, has expanded its network, now hosting over 270 Web3 firms. Over the past 16 months, more than 120 new Web3 firms have joined Cyberport, highlighting Hong Kong’s… Continue reading Hong Kong Cyberport Grows to 270 Web3 Enterprises
Source: Coinstreet LinkedIn Thank you to everyone who joined us on 1 August 2024, for the panel discussion on “Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” at BDO office. We had insightful contributions from our expert speakers. The panel discussion was expertly moderated by Kennix Chan, Executive Director at Victory Securities… Continue reading Insightful Panel Discussion on “Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” held on 1 August at BDO office
Source: Coinstreet LinkedIn Join us for an insightful panel “BDO and HKSA joint event – Panel discussion: Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” on 1 August 2024 on the exciting world of virtual assets! As traditional security participants in Hong Kong, you won’t want to miss this opportunity to explore… Continue reading Join this Insightful Panel “BDO and HKSA Joint event – Panel Discussion: Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” on 1 August 2024
Source: Cointelegraph The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. A day after winding up the consultation period on stablecoin issuer regulations, the Hong Kong Monetary Authority (HKMA) announced the first participants in its stablecoin issuer sandbox. They are a company linked to a large Chinese e-commerce… Continue reading Animoca, Standard Chartered team up in HKMA stablecoin sandbox
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