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Hong Kong announces "LEAP" legal framework for digital assets: A major step forward for Crypto
Hong Kong has just introduced the "LEAP" (Leading Enterprise Advance Program) legal framework for digital assets, marking a significant advance in promoting the development of the cryptocurrency market and blockchain technology. This framework brings several notable changes.
Key points of the "LEAP" framework
Stablecoin licensing from 1/8: Starting from August 1, the Securities and Futures Commission (SFC) will be responsible for licensing and managing stablecoin exchanges and wallets. At the same time, the Financial Services and the Treasury Bureau (FSTB) along with the Hong Kong Monetary Authority (HKMA) will amend the law to allow the tokenization of real assets such as real estate and bonds.
Tokenization of bonds & ETFs: Government bonds and tokenized ETFs will be allowed to trade publicly and will enjoy tax incentives, facilitating investor participation.
Expanding applications: Hong Kong encourages the digitization of other asset types such as gold and renewable energy, expanding the application scope of blockchain technology.
Support for innovation: The Cyberport fund will play a key role in providing funding for blockchain startups, promoting innovation in this field.
Legal refinement: The Stablecoin law has been passed, and Hong Kong is preparing to allow cryptocurrency derivatives trading, further refining the legal framework for the digital asset market.
The "#LEAP " framework reflects Hong Kong's strong commitment to becoming a leading financial center for digital assets. #HongKong
Hong Kong has just introduced the "LEAP" (Leading Enterprise Advance Program) legal framework for digital assets, marking a significant advance in promoting the development of the cryptocurrency market and blockchain technology. This framework brings several notable changes.
Key points of the "LEAP" framework
Stablecoin licensing from 1/8: Starting from August 1, the Securities and Futures Commission (SFC) will be responsible for licensing and managing stablecoin exchanges and wallets. At the same time, the Financial Services and the Treasury Bureau (FSTB) along with the Hong Kong Monetary Authority (HKMA) will amend the law to allow the tokenization of real assets such as real estate and bonds.
Tokenization of bonds & ETFs: Government bonds and tokenized ETFs will be allowed to trade publicly and will enjoy tax incentives, facilitating investor participation.
Expanding applications: Hong Kong encourages the digitization of other asset types such as gold and renewable energy, expanding the application scope of blockchain technology.
Support for innovation: The Cyberport fund will play a key role in providing funding for blockchain startups, promoting innovation in this field.
Legal refinement: The Stablecoin law has been passed, and Hong Kong is preparing to allow cryptocurrency derivatives trading, further refining the legal framework for the digital asset market.
The "#LEAP " framework reflects Hong Kong's strong commitment to becoming a leading financial center for digital assets. #HongKong
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make the most of the hot airdrop season with our cool new Airdrop Checker 🪂
⚛️ view active drops
✔️ check eligibility for all addresses
💸 quick links to claim & view balance
LIVE with 2 drops, another coming soon 👀
📌 cosmos.leapwallet.io/explore/airdro…
#cosmos #leap #leapwallet #airdrop
Is This the Start of a Bitcoin Bull Run? 🔥
#Bitcoin just smashed monthly gain records, soaring almost $20,000 in February!
This is the biggest monthly #leap in its history, leaving even December 2020 in the dust. Analysts are buzzing, trying to explain this wild ride. Could it be the lack of "buying power" on exchanges, or the recent surge in Bitcoin ETFs?
Whatever the reason, one thing's for sure: with Bitcoin inching closer to its all-time highs, is this the start of a legendary #bull run?
#Binance
#crypto2024
#Bitcoin just smashed monthly gain records, soaring almost $20,000 in February!
This is the biggest monthly #leap in its history, leaving even December 2020 in the dust. Analysts are buzzing, trying to explain this wild ride. Could it be the lack of "buying power" on exchanges, or the recent surge in Bitcoin ETFs?
Whatever the reason, one thing's for sure: with Bitcoin inching closer to its all-time highs, is this the start of a legendary #bull run?
#Binance
#crypto2024
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