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Hong Kong‘s blockchain application and software sector has experienced a substantial 250% increase since 2022, according to a recent report published by InvestHK and partner organizations.
This surge underscores the city’s growing prominence as a hub for fintech and digital asset development in Asia.
#blockchaineconomy
#HONKONG
This surge underscores the city’s growing prominence as a hub for fintech and digital asset development in Asia.
#blockchaineconomy
#HONKONG
Breaking news by Hong Kong's Financial Secretary, Paul Chan Mo-po.
Hong Kong's Financial Secretary, Paul Chan Mo-po, recently addressed key issues surrounding cryptocurrency regulation during a budget forum, touching on topics such as U.S. President Donald Trump's proposed cryptocurrency summit and the potential addition of five major cryptocurrencies to the U.S. strategic reserves. Chan expressed concerns that unregulated virtual assets could pose significant risks to the global financial system. He emphasized that Hong Kong has been a pioneer in establishing clear policies for virtual assets, positioning itself as a forward-thinking jurisdiction in the crypto space.
Industry experts have praised Hong Kong's approach to integrating virtual assets within a robust regulatory framework, noting that this move not only enhances the legitimacy of cryptocurrency operations but also strengthens the city's reputation as a leading international financial hub. Chan also highlighted Hong Kong's readiness to embrace competition, stating that a competitive environment fosters innovation and creates a more favorable business climate for companies, including major players like Binance, which has been actively expanding its presence in regulated markets.
By aligning with global standards and promoting transparency, Hong Kong aims to attract more cryptocurrency businesses and investors, ensuring its continued relevance in the rapidly evolving digital asset landscape. This strategy not only supports the growth of platforms like Binance but also reinforces Hong Kong's position as a key player in the global cryptocurrency ecosystem.
#HONKONG #MarketRebound
Hong Kong's Financial Secretary, Paul Chan Mo-po, recently addressed key issues surrounding cryptocurrency regulation during a budget forum, touching on topics such as U.S. President Donald Trump's proposed cryptocurrency summit and the potential addition of five major cryptocurrencies to the U.S. strategic reserves. Chan expressed concerns that unregulated virtual assets could pose significant risks to the global financial system. He emphasized that Hong Kong has been a pioneer in establishing clear policies for virtual assets, positioning itself as a forward-thinking jurisdiction in the crypto space.
Industry experts have praised Hong Kong's approach to integrating virtual assets within a robust regulatory framework, noting that this move not only enhances the legitimacy of cryptocurrency operations but also strengthens the city's reputation as a leading international financial hub. Chan also highlighted Hong Kong's readiness to embrace competition, stating that a competitive environment fosters innovation and creates a more favorable business climate for companies, including major players like Binance, which has been actively expanding its presence in regulated markets.
By aligning with global standards and promoting transparency, Hong Kong aims to attract more cryptocurrency businesses and investors, ensuring its continued relevance in the rapidly evolving digital asset landscape. This strategy not only supports the growth of platforms like Binance but also reinforces Hong Kong's position as a key player in the global cryptocurrency ecosystem.
#HONKONG #MarketRebound
Hong Kong Strengthens Policies to Become a Virtual Asset Hub
Hong Kong is taking significant steps to establish itself as a global center for virtual assets. Financial Secretary Paul Chan announced that an upcoming second policy statement will explore ways to integrate traditional financial services with virtual asset innovations while enhancing security and flexibility.
By the end of this year, the Hong Kong government plans to introduce:
OTC trading for virtual assets
A licensing system for custody services
Stablecoin regulatory framework
These measures aim to create a more structured and secure environment for global businesses and investors. The impact of these regulatory developments on the virtual asset market will be worth watching.
#HONKONG
Hong Kong is taking significant steps to establish itself as a global center for virtual assets. Financial Secretary Paul Chan announced that an upcoming second policy statement will explore ways to integrate traditional financial services with virtual asset innovations while enhancing security and flexibility.
By the end of this year, the Hong Kong government plans to introduce:
OTC trading for virtual assets
A licensing system for custody services
Stablecoin regulatory framework
These measures aim to create a more structured and secure environment for global businesses and investors. The impact of these regulatory developments on the virtual asset market will be worth watching.
#HONKONG
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$KEY Key Hongkong started the web3 festival, it will be perfect if it breaks and closes the weekly channel by going over it #web3Carnival #honkong #BinanceLaunhcpool #keyusdt
BREAKING: 🇭🇰 Hong Kong Courts Leverage Blockchain for Legal Notices!
Hong Kong courts have started using blockchain technology to serve tokenized legal notices to suspicious Tron($TRX ) wallet owners.
🚨 Two wallet addresses on the Tron($TRX ) network have already received tokenized notices to freeze their assets due to alleged illicit activity.
This marks a groundbreaking shift in using blockchain for legal enforcement and combating crypto-related crimes. Stay tuned for more updates!
#TronNetwork #HONKONG
Hong Kong courts have started using blockchain technology to serve tokenized legal notices to suspicious Tron($TRX ) wallet owners.
🚨 Two wallet addresses on the Tron($TRX ) network have already received tokenized notices to freeze their assets due to alleged illicit activity.
This marks a groundbreaking shift in using blockchain for legal enforcement and combating crypto-related crimes. Stay tuned for more updates!
#TronNetwork #HONKONG
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#HONKONG First crypto licenses of 2025 granted in Hong Kong, where only 4 cryptocurrencies are approved
The Hong Kong Securities and Futures Commission (SFC) granted the first operating licenses of 2025. Two platforms, PantherTrade and YAX, became the first regulated companies of the year by obtaining licenses as of January 27. As it is known, only Bitcoin, Ether, LINK and AVAX transactions are currently allowed in Hong Kong.
The first crypto licenses of 2025 were granted in Hong Kong, which has taken important steps towards becoming a crypto center in the world with the regulations it has initiated in the last 2 years. Regulator SFC granted crypto transaction licenses to PantherTrade and YAX companies. Both companies received their licenses for the prevention of money laundering and terrorism.
It is known that a total of 10 exchanges in Hong Kong have currently received the necessary licenses. In 2024, the SFC aimed to license 11 more exchanges, but this did not happen. Still, it seems like 2025 is starting fast.
Hong Kong, which is seen as China’s gateway to the world in crypto, only allows Bitcoin, Ethereum, Avalanche and Chainlink transactions. The SFC aims to make Hong Kong a crypto hub by increasing standards in the sector, but its biggest competitor in this field, Singapore, is still far ahead.
The Hong Kong Securities and Futures Commission (SFC) granted the first operating licenses of 2025. Two platforms, PantherTrade and YAX, became the first regulated companies of the year by obtaining licenses as of January 27. As it is known, only Bitcoin, Ether, LINK and AVAX transactions are currently allowed in Hong Kong.
The first crypto licenses of 2025 were granted in Hong Kong, which has taken important steps towards becoming a crypto center in the world with the regulations it has initiated in the last 2 years. Regulator SFC granted crypto transaction licenses to PantherTrade and YAX companies. Both companies received their licenses for the prevention of money laundering and terrorism.
It is known that a total of 10 exchanges in Hong Kong have currently received the necessary licenses. In 2024, the SFC aimed to license 11 more exchanges, but this did not happen. Still, it seems like 2025 is starting fast.
Hong Kong, which is seen as China’s gateway to the world in crypto, only allows Bitcoin, Ethereum, Avalanche and Chainlink transactions. The SFC aims to make Hong Kong a crypto hub by increasing standards in the sector, but its biggest competitor in this field, Singapore, is still far ahead.
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