Increasing Interest of Crypto Companies in Hong Kong - Coinleaks
Current Date:September 21, 2024

Increasing Interest of Crypto Companies in Hong Kong

Since October 2022, 80More than 1,000 crypto asset companies Hong KongHe expressed his interest in opening an office in .

Chineseand in other countries 80more than 1,000 digital asset companies, Web3aiming to be the center Hong KongHe stated that they are interested in establishing a company in . Christian Hui, Minister of Financial Services and Treasury of Hong Kong,In a speech in Hong Kong on March 20, he explained that the city has attracted the attention of various companies around the world since October 2022.

The minister said that 23 crypto companies have announced their plans to establish offices in the city. These firms included virtual asset platforms, blockchain infrastructure and blockchain network security firms.

Hong Kong Aims To Become Web3 Hub

huhi, the “implementation details” of these companies’ policy statement, regulatory requirements, visa requirements for talent admission, and virtual assets; and Web3 He said they would like to learn more about targeted support measures for the industry. Stating that Hong Kong is already home to more than 800 fintech companies and is positioned to be a leading hub for Web3, Hui said in order to accelerate the Web3 ecosystem. 50 million dollarsHe said they were separated.

2023Stating that they will establish a licensing regime for virtual asset service providers in June, Hui said that more crypto companies will follow this situation. Hong Kong’He said he could flock to it.

of Hong Kong Securities and Futures Commission (SFC), 31 March’It accepts applications for feedback on the licensing regime as part of an ongoing consultation process until