Global #Hong Kong

During the recent Hong Kong Fintech Week, The Cryptonomist had the opportunity to speak with Mr. King Leung, Global Head of Fintech, Financial Services, and Sustainability at InvestHK.

In a significant development for the cryptocurrency landscape, Hong Kong is set to transition exchanges from provisional to full licenses as they meet the regulatory standards set by the Securities and Futures Commission (SFC).

Hong Kong is set to unveil new policies by the end of the year aimed at extending tax incentives to family offices and private funds investing in cryptocurrency for wealthy clients.

In a significant operation, Hong Kong police have dismantled an alleged scam center linked to an elaborate cryptocurrency romance investment scheme, arresting 27 individuals in the process.

In a significant development for the cryptocurrency landscape in Hong Kong, the Securities and Futures Commission (SFC) has issued its third license under the newly established crypto trading platform licensing regime.

Hong Kong is set to align its regulatory framework with global standards for crypto derivatives. The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have announced their intention to adopt the reporting requirements established by the European Securities and Markets Authority (ESMA) for over-the-counter (OTC) crypto derivatives.

Hong Kong has officially commenced the second phase of its e-HKD pilot project, a significant step aimed at exploring innovative financial technologies, including tokenized asset settlement, programmability, and offline payment capabilities.

A recent report from blockchain analytics firm Chainalysis reveals that Hong Kong has emerged as a leader in cryptocurrency adoption within Eastern Asia, achieving an impressive 85.6% year-over-year growth.

The Hong Kong government is poised to release new policies on the use of artificial intelligence (AI) in the finance sector by the end of October.

Hong Kong is making strides to position itself as a leading global hub for cryptocurrency, yet the city faces calls for faster regulatory action from industry leaders.

Hong Kong, long seen as a potential powerhouse in the global cryptocurrency industry, faces significant hurdles in its quest to become a leading crypto hub.

Hong Kong is making significant strides in the regulation of stablecoins, with the Hong Kong Monetary Authority (HKMA) recently announcing the first participants in its stablecoin issuer sandbox.