Hong Kong to Clarify Crypto Position During FinTech Week
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event.
“The policy statement will make our policy stance on virtual assets clear to the global markets. It will also demonstrate our commitment and determination to explore financial innovations together with the global virtual-assets community,” Hong Kong Secretary for Financial Services and the Treasury Christoper Hui Ching-yu told local paper China Daily.
The conference is scheduled to be held between October 31 and November 1, hosting a number of debates between local government officials, executives, and industry observers, as indicated by the event’s agenda.
More than 500 representatives of financial institutions from across the world, and more than 200 speakers from China and overseas, will be attending, according to Hui.
The latest announcement comes as cryptocurrency investors are increasingly worried about Hong Kong’s regulatory ambiguity on crypto. The city’s lawmakers are advancing plans to require licensing for crypto trading platforms through an amendment to Hong Kong’s anti-money laundering legislation. Such a change would require companies to offer such services exclusively to professional investors with a portfolio of at least HK$8 million (US$1 million). Should it go through, the decision could discourage numerous crypto investors from carrying out their business in Hong Kong.
- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- Bitwise’s Matt Hougan Makes Big Prediction on Bitcoin’s Next Bear Market
- From $10K to $75K: How Dave Portnoy Pumped and Dumped Meme Coins on His Followers
- Donald Trump’s World Liberty Financial Set to Create Strategic Crypto Reserve: Report






