Digital Assets: Rich People in Asia Clamor For More Investment
The study found that the super-rich in the two regions are more interested in non-fungible tokens (NFTs) and decentralized finance (defi) products than they are in BTC and ETH. A recent study found that 34% of family offices and high-net-worth individuals (HNWI) from Singapore and Hong Kong have already invested in digital assets, and close […]
Hong Kong prepares 2023 crypto bill to support market expansion
The Hong Kong government is currently working on a crypto bill that would establish clear policies to facilitate the market’s expansion. According to Liang Hanjing, director of financial technology at InvestHK, the Hong Kong government department for foreign direct investments, the bill pertaining to the regulation of cryptocurrencies is indeed anticipated to be passed in […]
Hong Kong may allow crypto retail investing
As the crypto market grows and investors‘ interest in it grows, more governments are either joining the bandwagon already or beginning to think about allowing their citizens to invest in cryptocurrencies. As they adopt a different approach from the government of mainland China, Hong Kong’s regulators are considering allowing individual investors to actively participate in […]
Hong Kong is the most crypto ready nation in 2022
The number of crypto ATMs in relation to a country’s population and geographic area, as well as the number of blockchain companies per 100,000 people, were taken into account while determining that country’s preparedness. The survival of crypto depends on public approval, but for it to become widely used, governments must establish a supporting infrastructure […]
MaiCapital receives approval from SFC Hong Kong to manage virtual asset
MaiCapital has received a license from the Securities and Futures Commission (SFC) in Hong Kong to give the virtual assets manager the power to manage portfolios containing up to 100 percent virtual assets. MaiCapital had been operating under the Type 4 and Type 9 licenses from the SFC since 2018. The licenses permitted MaiCapital to […]