“hong Kong Crypto Corners: Where To Invest For Financial Growth” – Share on Twitter Share on LinkedIn Share on Facebook Share on Telegram Share on WhatsApp Share online

Hong Kong is the most crypto-ready jurisdiction in the world, according to a new study, based on the number of blockchain startups per 100,000 residents and the number of crypto ATMs in proportion to the population. A new study from Forex education platform Forex Suggest.

“hong Kong Crypto Corners: Where To Invest For Financial Growth”

Based on the number of blockchain startups per 100,000 residents and the number of crypto ATMs relative to population, Hong Kong is the most crypto-ready jurisdiction in the world, according to a new study from forex education platform Forex Suggest.

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Pradipta Mukherjee is a business reporter and has worked for Bloomberg News and Business Standard in India. Mukherjee has an MBA and a postgraduate degree in economics and focuses on financial markets and business. She is the recipient of the Mary Morgan Hewett Award for Women in Journalism. He also won a Jefferson Fellowship; Thomson Reuters Foundation Scholarship in ‘Social Media and Digital Journalism’ at the Chinese University of Hong Kong; Kiplinger Scholarship at Ohio University, USA; and most recently a National Press Foundation Fellowship on “International Trade.”

Eve is an experienced business reporter and commodities news editor. He previously worked at print and media organizations such as Singapore Press Holdings, Shanghai Metals Market, S&P Global Platts and Argus Media.

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Indian crypto companies are flocking to Dubai, avoiding high local taxes and finding comfort in the emirate’s favorable regulatory environment. Share on twitter Share on linkedin Share on facebook Share on telegram Share on whatsapp Share online

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The verdict is already known. Sam Bankman-Fried, the founder and former CEO of failed cryptocurrency exchange FTX, has been convicted in what US prosecutors are calling the largest case of financial fraud in history.

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With Bankman-Fried facing decades in prison for his role in the collapse of FTX – a devastating blowup that has contributed greatly to the digital asset market’s woes in the past year – the industry is now watching.

The special administrative region was back in the news this week when Julia Leung, head of the Hong Kong Securities and Futures Commission (SFC), gave her first international media interview since taking office in January. Leung said regulators are happy to try out any innovative digital asset proposals that “improve efficiency and customer experience.”

Willingness to deal in digital assets specifically includes the Bitcoin Exchange Traded Fund (ETF). The financial instrument – ​​which allows investors to trade Bitcoin on traditional exchanges at any time of the day – is expected to bring much-needed institutional money into the sector.

This is especially true in the United States, where investment giants such as BlackRock are reporting Bitcoin ETFs. A new wave of excitement has spread to the broader crypto market, with the recent US spot bitcoin ETF buzz pushing bitcoin prices past the $35,000 mark.

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But Leung also warned. He added a caveat to his comments about positions in bitcoin ETFs that regulators will only consider products that meet a jurisdiction’s strict consumer protection requirements.

Amid talk of the luxury penthouse lifestyle for FTX executives in the Bahamas – Bankman-Fried is known to be friends with local officials – it’s easy to forget that the stock exchange got its start in Hong Kong. Additionally, the city also experienced a massive crypto scandal, with JPEX exchange clients losing over $200 million in investments.

Leung is right to warn against caution, especially as Beijing continues to control cryptocurrencies in mainland China. Hong Kong is considered a “sandbox” for crypto innovation, an area where experimentation can be conducted – both regulatory and otherwise – with a degree of separation from the broader Chinese market.


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