The US SEC has approved applications for Ether ETFs, neutralising Hong Kong’s brief regulatory advantage, prompting the financial hub to seek new strategies as 11 exchange platforms await regulatory approval.
Crypto advocates and financial regulators are united in their push for a sensible institutional framework, but consumer advertising, including from influencers, threatens this common objective.
As the crypto firm tests digital token viability and personal data boundaries beyond large economies, its ambition to build an international blockchain-backed identification network is attracting global attention.
The US regulator’s latest crackdown on crypto exchanges is harmful for those looking to expand in the US, but beneficial for Asian markets looking to become global crypto hubs, observers note.
Hong Kong’s undertaking for cryptocurrencies challenges Singapore’s endeavours as Asia’s virtual asset hub. But the city’s new enthusiasm comes amid contagion worries surrounding the collapse of trading platform FTX, which galvanises traditional regulatory support for new digital money.
Hong Kong's regulator sees scope for opening up a maturing crypto market to retail investors, but questions remain about whether investors are sufficiently protected.
Hong Kong’s regulators are moving towards the acceptance of virtual assets, with their latest statements suggesting plans to open the industry to more types of investors soon.
The metaverse is challenging user perception of materiality, digitalising elements of the physical realm and unlocking new economic values. Companies and policymakers are each fighting to establish ground rules across it, but so far its exact definition remains obscure.