80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government official.
Hong Kong May Face Backlog in Crypto License Applications As Demand Grows, Former SFC Regulator Says
Cryptocurrency firms that are looking to establish in Hong Kong need to act quickly as there may be a backlog in applications reviews when the new licensing regime comes into play, Angelina Kwan, chief executive officer of financial services firm Stratford Finance and a former regulator of the Hong Kong Securities and Futures Commission (SFC), told Forkast.
Cointime News Wrapup-Afternoon Version: Tron’s Justin Sun Slams the US SEC After Lawsuit
Tron's Justin Sun said that the SEC's charges against him lacks merit and the SEC should work on getting clear regulatory guidelines.
Aussie Crypto Exchange Hints Interest in Hong Kong Base, But it’ll Depend
Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asia’s next crypto hub. Independent Reserve co-founder and CEO, Adrian Przelozny told Cointelegraph the “friendly” licensing regime makes Hong Kong a worthy destination to set up a new base, something his firm is now strongly considering. (Cointelegraph)
Hong Kong Cyberport Appoints Two New Directors and Reappoints Four Serving Directors to Board
The appointments will be effective from April 1, 2023, to March 31, 2025.
Crypto Morning Briefing: U.S. IRS Seeks to Tax NFTs Like Other Collectibles
Magic Eden, Solana's Largest NFT Marketplace, Adds Bitcoin Ordinals Support for On-Chain Media Storage; Sony Files Patent For NFTs To Allow Transfers Between Games and Consoles; Google Releases Bard AI, Its ChatGPT Counterpart; Justin Sun Welcomes Hong Kong’s Extended Support to the VA Industry
Justin Sun Welcomes Hong Kong’s Extended Support to the VA Industry
Hong Kong is confident of becoming a hub for the virtual asset sphere in the coming years. What brings this confidence is the role that the government of Hong Kong has assumed over the recent months amid the rise in the adoption of Web3 technologies and applications. This is evident from the speech delivered by Christopher Hui, the Secretary for Financial Services & the Treasury.
Crypto Evening Briefing: More Than 80 Firms Express Interest in Establishing Presence in Hong Kong
As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong.
MixMarvel Is to Co-Host a Web3 Reception in Hong Kong
Asia's leading blockchain content-incubation platform MixMarvel will take part in the Over the Moon event co-organized with Odaily this April, sharing Web3 insights and announcing upcoming steps in their DAO formation process with Web3 experts.
More Than 80 Firms Express Interest in Establishing Presence in Hong Kong
Hong Kong has seen massive interest from virtual asset-related firms as the city pushes toward reclaiming its position as a global crypto hub with a more friendly regulatory stance.
