Hong Kong to accelerate Web3 innovation in region with $50 million spend
The Hong Kong government acknowledges the importance of Web3 with plans to develop the concept via its Cyberport hub.
News on licensing, exchange hubs, virtual asset rules, and the city’s evolving role in digital finance.
Brian Armstrong called on Congress to act fast on crypto regulation — or risk losing ground to rival jurisdictions, including Hong Kong.
CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Amber Group has delayed payment of bills to third-party vendors, while some are owed in arrears for up to six months.
SFC Chair Julia Leung said the regulator intends to introduce rules to only allow investing in major virtual assets that are highly liquid.
The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.