• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

80 Crypto Corporations Fascinated about Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin Information

SB Crypto Guru News by SB Crypto Guru News
March 25, 2023
in Crypto Updates
0 0
0
80 Crypto Corporations Fascinated about Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin Information


80 Crypto Corporations Fascinated about Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin Information

Hong Kong’s Secretary for Monetary Companies and Treasury has revealed that greater than 80 crypto firms have expressed curiosity in establishing a presence in Hong Kong. They embrace firms throughout mainland China, Canada, European Union nations, Singapore, the U.Okay., and the U.S. “We connect nice significance to digital asset (VA) and Web3,” mentioned the federal government official.

80 Crypto Corporations Fascinated about Hong Kong

Hong Kong Secretary for Monetary Companies and the Treasury Christopher Hui revealed throughout a speech on the Aspen Digital Internet 3 Funding Summit earlier this week that greater than 80 crypto corporations have expressed curiosity in establishing a presence in Hong Kong.

“We connect nice significance to digital asset (VA) and Web3,” Hui said, emphasizing: “The Authorities has high-level dedication of creating the sector and offering a complete help system to enterprises that are passionate pioneers and start-ups on this space.”

The official famous that the “Coverage Assertion on Improvement of VA,” which the Hong Kong authorities issued final yr, “has been nicely acquired by the business,” elaborating:

As of end-February 2023, Make investments Hong Kong has acquired expressions of curiosity from over 80 digital asset-related mainland and overseas firms in establishing their presence in Hong Kong.

Make investments Hong Kong (Make investments HK) is a authorities division with a mission to draw and retain overseas direct funding (FDI) to Hong Kong.

“These firms included VA exchanges, blockchain infrastructure firms, blockchain community safety firms, digital foreign money wallets and fee firms, in addition to different tasks on constructing the Web3 ecosystem,” Hui detailed.

Particularly, as of the top of February, Make investments Hong Kong has acquired indications from 23 firms throughout mainland China, Canada, European Union nations, Singapore, the U.Okay., and the U.S. that they plan to determine a presence in Hong Kong, the official mentioned.

Hui additionally talked about that the Hong Kong authorities has established a licensing regime for crypto service suppliers which is able to go into impact in June, and the Hong Kong Financial Authority is creating a regulatory regime for stablecoins with the aim of implementing laws by 2024.

“We have now superior our securities guidelines to permit regulated intermediaries to supply buying and selling of eligible VA futures ETFs [exchange-traded funds] to retail buyers in Hong Kong,” the official additional shared, noting:

Inside a number of months’ time, we’re glad to see that three VA futures ETFs have already been listed and traded on the Hong Kong Inventory Alternate.

“Hong Kong is well-positioned to be a number one hub for Web3 in Asia and past,” Hui claimed, including: “We have now a vibrant fintech ecosystem right here in Hong Kong, with over 800 fintech firms providing completely different sorts of modern and handy monetary companies for members of the general public and the enterprise sector.”

Do you assume Hong Kong will develop into a crypto hub? Tell us within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Well-liked Information

In Case You Missed It





Source link

Tags: BitcoinBitcoin NewsCryptoCrypto NewsCrypto UpdatesEstablishingFirmsHongInterestedKongLatest News on CryptoNewsOfficialPresenceRegulationSB Crypto Guru News
Previous Post

Dogecoin dev device replace provides QR codes, moon phases, BIP-39 seed help

Next Post

Professional Suggestions for Launching Your Subsequent NFT Assortment Efficiently

Next Post
Professional Suggestions for Launching Your Subsequent NFT Assortment Efficiently

Professional Suggestions for Launching Your Subsequent NFT Assortment Efficiently

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

0
CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

0
Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

0
TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

0
Senator Lummis Introduces Digital Asset Tax Legislation

Senator Lummis Introduces Digital Asset Tax Legislation

0
Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

0
Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

Bitcoin Lightning Is A Dead End, Says Former Core Dev Garzik

July 4, 2025
TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events With MetaMask and Arkham

July 4, 2025
Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

July 4, 2025
Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

Ban on fossil fuel advertising and sponsorship to be debated by UK parliament – The Art Newspaper

July 4, 2025
CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

July 4, 2025
Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

July 4, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.