Hong Kong would not go crypto without China’s approval: Animoca exec
China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, Animoca co-founder said. Go to Source Powered by WPeMatico
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Report: The crypto custody market reached $448 billion in 2022
Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market. Go to Source Powered by WPeMatico
Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters
Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent. Go to Source Powered by WPeMatico
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
“Issuing a stablecoin pegged to the HK dollar not only helps to solidify HK’s leadership in the blockchain sector but also propels the progress of the digital HK dollar,” said the report. Go to Source Powered by WPeMatico
U.S. crypto regulatory uncertainty could be Hong Kong’s gain – Yat Siu
Animoca Brands founder Yat Siu believes Hong Kong’s efforts to foster the Web3 ecosystem is in stark contrast to regulatory uncertainty hampering development in the United States. Go to Source Powered by WPeMatico
Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing. Go to Source Powered by WPeMatico
HSBC rolls out cryptocurrency services in Hong Kong: Report
Three crypto ETFs listed on the Hong Kong Exchange are now reportedly available for trading at Hong Kong’s largest bank. Go to Source Powered by WPeMatico
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong’s SFC chief
According to the CEO of Hong Kong’s Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy. Go to Source Powered by WPeMatico
Lawmakers vs. the SEC vs. Binance: Law Decoded, June 12–19
The SEC doesn’t have it all its own way in a court struggle with Binance.US and faces more media pressure. Go to Source Powered by WPeMatico
Hong Kong says Cyberport attracted 150 Web3 firms in a year
The country’s Financial Secretary says state funding and support have helped draw Web3 innovators to the digital hub. Go to Source Powered by WPeMatico
