Cointime

Cointime

Download App
iOS & Android
Home / Point

EU: Will explore cooperation and sharing with Hong Kong in areas such as virtual assets

  • Wechat scan to share

Alexandra Jour-Schroeder, Deputy Director-General of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission, stated that the European Union is maintaining resilience and developing many green finance projects to channel funds into projects. It is expected that more investments will be combined with green finance in the future, and efforts will be made to increase digitization. The European Union and Hong Kong are also developing in the field of virtual assets, and are developing digital currencies. They are also working on disclosure to help manage risks, and will spend more time on disclosure and implementing more details in the future. Therefore, the two sides can work together.

Virtual Assets Hong Kong
Comments

All Comments

Recommended for you

  • Forbes survey: More than a third of Wall Street leaders oppose Trump's economic policies

    Forbes recently conducted an investigation into President Trump's economic policies, contacting 50 of the most influential figures on Wall Street, including billionaire investors, heads of large institutional asset management companies, and top financial advisors in the United States, to understand their views on Trump's economic strategy since taking office.

  • A senior Brazilian official: Bitcoin reserves are "crucial" to Brazil's prosperity

    according to Decrypt, Pedro Giocondo Guerra, senior advisor to the Vice President of Brazil, stated in a recent speech on behalf of the government: "The strategic reserve of Bitcoin is crucial for the prosperity of the country. Discussions about establishing a BTC reserve may be a key factor in deciding the prosperity of Brazil, in line with the interests of the country and the public." Brazilian congressman Eros Biondini (PL-MG) previously proposed legislation to establish a "strategic sovereign Bitcoin reserve" (RESBit). Holding 5% of foreign exchange reserves (international reserves) in Bitcoin, the Central Bank of Brazil will use advanced monitoring systems, blockchain technology, and artificial intelligence to monitor transactions and be responsible for custody.

  • Bitpanda receives broker-dealer license from Dubai Virtual Assets Authority

    Bitpanda, headquartered in Vienna, has obtained a broker-dealer license from the Dubai Virtual Asset Regulatory Authority (VARA).

  • Deutsche Börse’s Clearstream to Start Offering Bitcoin, Ethereum Custody Services in April

    Clearstream, the post-trade division of Deutsche Boerse, announced that it will start providing cryptocurrency settlement and custody services for institutional clients in April this year.

  • Citi: Downgrade US stocks to neutral, upgrade China stocks to overweight

    Citigroup's strategist has downgraded the rating of the U.S. stock market from overweight to neutral, while upgrading the rating of the Chinese stock market to overweight, citing that "the U.S. exceptionalism has at least been suspended."

  • Cointime July 27th News Express

    1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.

  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.

  • Hong Kong Legislative Council Member: The issuance and trading system of tokenized bond-related products can be shared with the mainland

    Hong Kong Legislative Council member Chan Chun-ying stated that the new productivity of Hong Kong's financial industry is currently mainly developed around digital and green themes. Regarding virtual assets, Hong Kong regulatory agencies should establish relevant trading platforms, stablecoin issuances, testing and operational mechanisms, capture digital development trends, and share relevant regulatory experience with the mainland. At the same time, Hong Kong's tokenized bond development is leading the world, and relevant product issuances, trading systems can be shared with the mainland or guide more mainland companies to issue, together meeting international market demand.

  • Supreme Court: "A Token" network platform collected more than 9 million virtual currencies such as Bitcoin, Tether, and EOS from members

    The Supreme People's Court and the State Administration for Market Regulation jointly issued five typical cases of punishing pyramid schemes on the Internet in accordance with the law. Some of them falsely promised high returns by investing in "virtual currencies". The defendants, including Chen, used blockchain as a gimmick to plan the establishment of the "Token" network platform. According to statistics, the platform has registered more than 2.6 million member accounts, with a hierarchy of 3,293 levels, and collected more than 9 million virtual currencies such as Bitcoin, Tether, and EOS. The people's court sentenced the organizers and leaders of cross-border network pyramid schemes according to their positions and roles in the entire criminal chain, and confiscated virtual currencies such as Bitcoin involved in the case in accordance with the law. Relevant officials of the Supreme People's Court stated that in the next step, the people's court will work with market supervision departments and other units to strictly punish illegal pyramid schemes on the Internet in accordance with the law.

  • Hong Kong investment in virtual assets will not be subject to capital gains tax

    Hong Kong investors in virtual assets will not be subject to asset value-added tax, which is a very attractive point for global investors. For example, in Japan and Australia, although they have expanded the virtual asset market earlier than Hong Kong, they still need to pay asset value-added tax, which will be included in the comprehensive tax rate calculation. The comprehensive tax rates in Japan and Australia can be as high as 50% and 40% respectively. For investors, investment returns are of course the most important consideration, and Hong Kong's low tax system will attract more international investors to settle in Hong Kong.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

Trending