The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse.
According to Hong Kong’s financial secretary Paul Chan, the local government and regulators are open to collaboration with crypto and fintech startups in 2023. Speaking at an event hosted by the state-run incubator Cyberport, Chan declared that Hong Kong has become a foundation connecting high quality virtual asset firms, the public broadcasting serviceThe financial secretary said that the Hong Kong government has received lots of requests to set up global headquarters in Hong Kong from crypto-related firms over the past two months.
According to the official, Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3.
Crypto is not in crisis. This is what it takes to overtake a 100yr. Corrupt system. People better wake up or be totally controlled.
The whole development of mankind depends on the development of science, and whoever does not have the development of science will hinder the development of mankind.
HK was once a beautiful country to live in (some 10-15 years ago). Not anymore. So good luck to gvt attracting crypto/blockchain devs there... :/
Tokenized green bonds sound promising. $EWT
Fascinating! It's great to see HongKong making progress with tokenized green bonds. Adopting crypto and DeFi on a larger scale could open new horizons for global financial markets. HODL!
Fascinating! It's great to see HongKong making progress with tokenized green bonds. Adopting crypto and DeFi on a larger scale could open new horizons for global financial markets. HODL!
Positive news! Hong Kong govt is utilizing the power of crypto to create tokenized green bonds, leveraging DeFi and trustless transactions. RevolutionizingFinance Blockchain DeFi
You snooze, you lose! Dubai has claimed the spot