Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Sophon reveals ZKTLS-based social oracle to integrate private web2 data

2025-05-22

Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

2025-05-22

Bitcoin knew $ 110k -but will this’ only -all ‘rally’ only without retailing?

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Hong Kong aims for global fintech leadership with new virtual asset strategies
Hong Kong’s Project Ensemble Sandbox explores future of tokenized finance
Regulation

Hong Kong aims for global fintech leadership with new virtual asset strategies

2024-10-23No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Hong Kong is sharpening its focus on trading in virtual assets and digital financial systems, local media reported on October 23, citing Finance Minister for Services and Ministry of Finance Christopher Hui.

Speaking at the Asia-Pacific Fintech Innovation Lab 2024, Hui emphasized that these areas are critical to Hong Kong’s positioning as a global leader in virtual asset development.

As part of a broader push towards digital finance, Hui highlighted the potential of central bank digital currencies (CBDCs) and virtual asset trading to reshape Hong Kong’s financial landscape. He said the government is accelerating efforts to integrate these technologies, providing secure and efficient payment systems that can improve both local and regional markets.

Hui’s comments come as Hong Kong ramps up its licensing framework for crypto exchanges. The Securities and Futures Commission (SFC) has already granted its third crypto trading platform license under new regulatory standards, following previous approvals for OSL and HashKey.

Currently, eleven other platforms are undergoing the review process, with the aim of securing licenses that will allow them to serve retail investors under the city’s updated crypto trading regime.

The licensing framework, which was first implemented in June 2023, is seen as a cornerstone of Hong Kong’s efforts to become a virtual assets hub. It offers exchanges the opportunity to operate under strict regulatory supervision, providing greater protection to private investors.

Despite the progress, some local companies have criticized the regulatory environment as too strict, leading to several companies withdrawing their applications. Balancing strict regulation and innovation remains a challenge for Hong Kong, but the focus on licensing and compliance signals a long-term strategy to attract institutional and private investors.

See also  Nigeria is ending years of restrictions on crypto transactions

Hong Kong’s focus on regulatory innovation, coupled with its drive to integrate digital assets into mainstream financial systems, positions the city as a leader in the global race for fintech dominance. The country’s continued efforts in virtual asset trading and crypto regulation are expected to strengthen its role as a premier destination for fintech innovation.

Source link

Aims Asset Fintech Global Hong Kong leadership Strategies Virtual
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22

Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

2025-05-22

Sec -complaint of $ 100 million against tokenized activa company for crypto -effect fraud

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22
Add A Comment

Comments are closed.

Top Posts

SHIB Whale Makes a Splash with $38M Move; But What Does This Mean for You?

2023-09-03

The Good News Catalog (Pt. 4): Five pieces of positive news that will give you the Zoomies

2024-02-21

So without extra money… do I get even more money back? (Where is Coffeezilla?)

2024-01-17
Editors Picks

Bo Hines Joins Trump’s Crypto Team – What You Need to Know

2024-12-23

Bitcoin Reaches $106K ATH, But What’s Keeping Ethereum From Reaching $4K?

2024-12-16

Tech Stock Price Jumps Boost Ethereum (ETH) More Than Bitcoin (BTC), According to New CME Group Report

2023-07-28

Solana Integrates AI into Blockchain and Increases Grant Program to $10M

2023-05-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Sophon reveals ZKTLS-based social oracle to integrate private web2 data

Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

Bitcoin knew $ 110k -but will this’ only -all ‘rally’ only without retailing?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,471.383.45%
  • ethereumEthereum(ETH)$2,639.995.91%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.422.38%
  • binancecoinBNB(BNB)$680.691.58%
  • solanaSolana(SOL)$178.255.31%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2400875.44%
  • cardanoCardano(ADA)$0.806.49%
  • tronTRON(TRX)$0.2769743.86%
  • suiSui(SUI)$3.880.12%
  • hyperliquidHyperliquid(HYPE)$33.3220.52%
  • chainlinkChainlink(LINK)$16.695.81%
  • avalanche-2Avalanche(AVAX)$25.1510.92%
  • stellarStellar(XLM)$0.3034864.81%
  • shiba-inuShiba Inu(SHIB)$0.0000154.70%
  • bitcoin-cashBitcoin Cash(BCH)$435.868.71%
  • hedera-hashgraphHedera(HBAR)$0.2044474.42%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.32%
  • the-open-networkToncoin(TON)$3.163.23%
  • polkadotPolkadot(DOT)$4.924.54%
  • litecoinLitecoin(LTC)$99.874.63%
  • moneroMonero(XMR)$397.993.08%
  • bitget-tokenBitget Token(BGB)$5.210.44%
  • pepePepe(PEPE)$0.0000148.44%
  • piPi(PI)$0.82-1.96%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$468.248.87%
  • uniswapUniswap(UNI)$6.395.20%
  • aaveAave(AAVE)$256.034.06%
  • nearNEAR Protocol(NEAR)$3.0710.10%
  • aptosAptos(APT)$5.7110.43%
  • ondo-financeOndo(ONDO)$1.015.85%
  • okbOKB(OKB)$52.831.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.399.29%
  • kaspaKaspa(KAS)$0.1164814.76%
  • internet-computerInternet Computer(ICP)$5.637.04%
  • ethereum-classicEthereum Classic(ETC)$19.715.68%
  • render-tokenRender(RENDER)$5.1710.13%
  • crypto-com-chainCronos(CRO)$0.1005473.73%
  • gatechain-tokenGateToken(GT)$21.710.17%
  • vechainVeChain(VET)$0.0304817.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2490065.25%
  • mantleMantle(MNT)$0.763.50%
  • worldcoin-wldWorldcoin(WLD)$1.5936.93%
  • ethenaEthena(ENA)$0.4135455.51%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8912.07%
  • arbitrumArbitrum(ARB)$0.4267596.15%
  • bitcoinBitcoin(BTC)$111,471.383.45%
  • ethereumEthereum(ETH)$2,639.995.91%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.422.38%
  • binancecoinBNB(BNB)$680.691.58%
  • solanaSolana(SOL)$178.255.31%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2400875.44%
  • cardanoCardano(ADA)$0.806.49%
  • tronTRON(TRX)$0.2769743.86%
  • suiSui(SUI)$3.880.12%
  • hyperliquidHyperliquid(HYPE)$33.3220.52%
  • chainlinkChainlink(LINK)$16.695.81%
  • avalanche-2Avalanche(AVAX)$25.1510.92%
  • stellarStellar(XLM)$0.3034864.81%
  • shiba-inuShiba Inu(SHIB)$0.0000154.70%
  • bitcoin-cashBitcoin Cash(BCH)$435.868.71%
  • hedera-hashgraphHedera(HBAR)$0.2044474.42%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.32%
  • the-open-networkToncoin(TON)$3.163.23%
  • polkadotPolkadot(DOT)$4.924.54%
  • litecoinLitecoin(LTC)$99.874.63%
  • moneroMonero(XMR)$397.993.08%
  • bitget-tokenBitget Token(BGB)$5.210.44%
  • pepePepe(PEPE)$0.0000148.44%
  • piPi(PI)$0.82-1.96%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$468.248.87%
  • uniswapUniswap(UNI)$6.395.20%
  • aaveAave(AAVE)$256.034.06%
  • nearNEAR Protocol(NEAR)$3.0710.10%
  • aptosAptos(APT)$5.7110.43%
  • ondo-financeOndo(ONDO)$1.015.85%
  • okbOKB(OKB)$52.831.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.399.29%
  • kaspaKaspa(KAS)$0.1164814.76%
  • internet-computerInternet Computer(ICP)$5.637.04%
  • ethereum-classicEthereum Classic(ETC)$19.715.68%
  • render-tokenRender(RENDER)$5.1710.13%
  • crypto-com-chainCronos(CRO)$0.1005473.73%
  • gatechain-tokenGateToken(GT)$21.710.17%
  • vechainVeChain(VET)$0.0304817.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2490065.25%
  • mantleMantle(MNT)$0.763.50%
  • worldcoin-wldWorldcoin(WLD)$1.5936.93%
  • ethenaEthena(ENA)$0.4135455.51%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8912.07%
  • arbitrumArbitrum(ARB)$0.4267596.15%