Global #Hong Kong

The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has completed its investigation into the Worldcoin project, concluding that the project's activities in Hong Kong violated the territory's Personal Data (Privacy) Ordinance (PDPO).

Hex Trust Group, a prominent crypto custodian headquartered in Hong Kong, has introduced USDX, marking the inaugural native stablecoin on the layer-1 blockchain Flare.

Hong Kong's cryptocurrency ETFs are facing challenges and struggling to replicate the success seen by their US counterparts, which currently hold $55 billion in assets.

Following the recent introduction of a spot Ethereum ETF in Hong Kong, OkLink, a prominent provider of blockchain data services, has expressed optimism regarding the potential approval of similar products for other leading blockchain protocols in the future.

Hong Kong, a city known for its bustling finance scene, recently set the stage for a groundbreaking event: Ordinals Asia 2024. Held on May 10th and 11th, this conference served as a pivotal platform for exploring the burgeoning world of Ordinals – a revolutionary technology that allows users to permanently inscribe data directly onto individual Satoshis (the smallest unit of Bitcoin).

The success of these events paves the way for Hong Kong to solidify its position as a leader in the Asian crypto landscape. As the industry continues to evolve, future events in the city can be expected to explore groundbreaking concepts, foster collaboration, and shape the regulatory environment for cryptocurrencies in the region.