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

2025-05-19

Crypto companies to report every transaction under new British laws

2025-05-19

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Crypto companies to report every transaction under new British laws

    2025-05-19

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – 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  Hong Kong rehabilates Crypto Trust Rules in the midst of Justin Sun's first digital trust

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

Crypto companies to report every transaction under new British laws

2025-05-19

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

2025-05-19

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Taiko leads Ethereum’s decentralized voices with Maci safety

2025-02-04

FBI Crypto Warning as India, Australia Join Global Crackdown: ‘Fraud Alert!’

2024-08-05

Mantle is rolling out the liquid staking protocol on the Ethereum mainnet

2023-12-04
Editors Picks

HyperCycle’s answer to security risks on the internet of AI agents

2025-04-11

Bitcoin Poised for a $77,000 Rise

2024-04-27

Audius is a new agency to develop open tools for artists and creative economies

2025-04-24

Trump’s Crypto Advisory Council to Set Up Promised Strategic Bitcoin Reserve – Report

2024-11-21

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

Crypto companies to report every transaction under new British laws

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

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

  • bitcoinBitcoin(BTC)$105,614.051.67%
  • ethereumEthereum(ETH)$2,546.736.80%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.99%
  • binancecoinBNB(BNB)$650.111.75%
  • solanaSolana(SOL)$168.682.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2250622.42%
  • cardanoCardano(ADA)$0.741.74%
  • tronTRON(TRX)$0.2668531.54%
  • suiSui(SUI)$3.831.91%
  • chainlinkChainlink(LINK)$16.076.05%
  • avalanche-2Avalanche(AVAX)$22.351.90%
  • stellarStellar(XLM)$0.2866571.48%
  • hyperliquidHyperliquid(HYPE)$26.582.53%
  • shiba-inuShiba Inu(SHIB)$0.0000151.92%
  • hedera-hashgraphHedera(HBAR)$0.1952022.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.54%
  • bitcoin-cashBitcoin Cash(BCH)$394.800.46%
  • the-open-networkToncoin(TON)$3.03-0.38%
  • litecoinLitecoin(LTC)$98.361.04%
  • polkadotPolkadot(DOT)$4.641.91%
  • moneroMonero(XMR)$346.781.49%
  • bitget-tokenBitget Token(BGB)$5.170.39%
  • pepePepe(PEPE)$0.0000133.14%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.73-0.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$264.4921.58%
  • uniswapUniswap(UNI)$5.983.80%
  • bittensorBittensor(TAO)$412.171.08%
  • nearNEAR Protocol(NEAR)$2.814.18%
  • aptosAptos(APT)$5.245.75%
  • okbOKB(OKB)$52.420.40%
  • ondo-financeOndo(ONDO)$0.943.43%
  • kaspaKaspa(KAS)$0.1094120.87%
  • ethereum-classicEthereum Classic(ETC)$18.594.37%
  • internet-computerInternet Computer(ICP)$5.253.29%
  • gatechain-tokenGateToken(GT)$21.570.31%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.840.79%
  • crypto-com-chainCronos(CRO)$0.0964370.20%
  • mantleMantle(MNT)$0.730.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2339440.86%
  • vechainVeChain(VET)$0.0282812.23%
  • render-tokenRender(RENDER)$4.654.06%
  • ethenaEthena(ENA)$0.3810865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2235643.15%
  • arbitrumArbitrum(ARB)$0.3951425.57%
  • filecoinFilecoin(FIL)$2.873.43%
  • bitcoinBitcoin(BTC)$105,614.051.67%
  • ethereumEthereum(ETH)$2,546.736.80%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.99%
  • binancecoinBNB(BNB)$650.111.75%
  • solanaSolana(SOL)$168.682.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2250622.42%
  • cardanoCardano(ADA)$0.741.74%
  • tronTRON(TRX)$0.2668531.54%
  • suiSui(SUI)$3.831.91%
  • chainlinkChainlink(LINK)$16.076.05%
  • avalanche-2Avalanche(AVAX)$22.351.90%
  • stellarStellar(XLM)$0.2866571.48%
  • hyperliquidHyperliquid(HYPE)$26.582.53%
  • shiba-inuShiba Inu(SHIB)$0.0000151.92%
  • hedera-hashgraphHedera(HBAR)$0.1952022.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.54%
  • bitcoin-cashBitcoin Cash(BCH)$394.800.46%
  • the-open-networkToncoin(TON)$3.03-0.38%
  • litecoinLitecoin(LTC)$98.361.04%
  • polkadotPolkadot(DOT)$4.641.91%
  • moneroMonero(XMR)$346.781.49%
  • bitget-tokenBitget Token(BGB)$5.170.39%
  • pepePepe(PEPE)$0.0000133.14%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.73-0.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$264.4921.58%
  • uniswapUniswap(UNI)$5.983.80%
  • bittensorBittensor(TAO)$412.171.08%
  • nearNEAR Protocol(NEAR)$2.814.18%
  • aptosAptos(APT)$5.245.75%
  • okbOKB(OKB)$52.420.40%
  • ondo-financeOndo(ONDO)$0.943.43%
  • kaspaKaspa(KAS)$0.1094120.87%
  • ethereum-classicEthereum Classic(ETC)$18.594.37%
  • internet-computerInternet Computer(ICP)$5.253.29%
  • gatechain-tokenGateToken(GT)$21.570.31%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.840.79%
  • crypto-com-chainCronos(CRO)$0.0964370.20%
  • mantleMantle(MNT)$0.730.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2339440.86%
  • vechainVeChain(VET)$0.0282812.23%
  • render-tokenRender(RENDER)$4.654.06%
  • ethenaEthena(ENA)$0.3810865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2235643.15%
  • arbitrumArbitrum(ARB)$0.3951425.57%
  • filecoinFilecoin(FIL)$2.873.43%