Hong Kong is doubling down on crypto! The securities regulator is gearing up to allow professional investors to trade digital asset derivatives. This is part of a bigger plan to become a major player in the global digital asset market.
Think crypto derivatives, staking services, virtual asset spot ETFs – Hong Kong is making it happen! They're even tweaking the tax system to attract international crypto firms. Plus, they're working on a second policy statement on virtual assets and passed a Stablecoin Bill.
With over 1,100 fintech companies already calling Hong Kong home, including licensed digital banks and virtual asset trading platforms, the city is positioning itself as a Web3 hub.
What do you think of this move by Hong Kong?
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