Five categories of regulations on virtual assets by Hong Kong SFC
Many friends cannot distinguish the regulatory system related to virtual assets by Hong Kong SFC. You can check at this website: https://apps.sfc.hk/publicregWeb/searchByBa?locale=en There are a total of 5 categories of regulation involving virtual currencies. 1️⃣ Operating a virtual asset trading platform 2️⃣ Management of investment portfolios with more than 10% in virtual assets 3️⃣ Providing virtual asset trading services through omnibus account arrangements, 4️⃣ Providing advice on virtual assets 5️⃣ Acting as an introducing agent for virtual asset trading platforms
1. Operating a virtual asset trading platform Cryptocurrency exchanges, currently 11 have been approved.
「 Bless: Shared Computing DePIN —— A More Accessible Akash 」
“Machine Spirit blesses you”
Bless Network (formerly Blockless) allows users to contribute idle computing power through a browser plugin, building a decentralized “shared computer” network.
Users earn points by “idling”, which can be exchanged for tokens in the future (expected to be airdropped in Q2 2025).
Speaking of this project, one must mention Akash Network, as Bless founder Derek Anderson was the former CTO of Akash Network.
The difference is that Akash targets enterprise-level users and developers, requiring server configuration and having a higher participation threshold. Bless is more aimed at ordinary users, with a simpler participation method and a lower device threshold.
No professional skills are required, just a device and a stable network.
Similar to “mining” but lighter, rewards are allocated based on idle time.
Functionality is similar to the Grass project, which is also a DePIN platform allowing users to share idle network bandwidth (instead of computing power) through a browser plugin to earn points, exchangeable for GRASS tokens.
It’s worth mentioning that in 2024 the GRASS token airdrop price rose from $0.7 to $3.9, an increase of 450%.
Bless's token can also be something to look forward to.
In 2024, Bless raised $8 million from investors including M31 Capital, NGC Ventures, Interop, and Frachtis. The mainnet is planned to launch in the first quarter of 2025.