Hong Kong woos mainland China crypto firms in push to bolster finance hub status

HONG KONG : After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub - cryptocurrencies.

The Hong Kong government"is very serious about building an international virtual asset centre", said Xiao Feng, chairman of Hong Kong crypto exchange HashKey, which saw 13,000 people attend the first day of its Hong Kong Web3 Festival, the biggest conference of the month, on Wednesday. To be sure, many remain sceptical on Hong Kong's promise of a stable regulatory regime on cryptocurrencies. One crypto venture capitalist, who declined to be named citing the sensitivity of the matter, said that he remained worried as China's crypto ban still looms large in the background.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Tech drags Hong Kong stocks, dollar squeezed as US inflation slowsSINGAPORE : Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end.Early in the Asia day the euro hit a 2-1/2 month top a
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »