Hong Kong FinTech Week event details details of new Regime

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Hong Kong FinTech Week event details details of new Regime

Details of new Regime May emerge at Fintech Confab

Bloomberg said the regulatory framework will allow both institutional organizations and retail traders to access the digital asset markets.

More details on the regime will be revealed at the Hong Kong FinTech Week conference starting Monday. The government has said it will showcase its vision for 'developing Hong Kong into an international virtual assets centre,' officials told The South China Morning Post earlier this month.

The government of Hong Kong can also incorporate nonfungible tokens at the event by issuing 2,000 NFTs to participants. The tokens provide benefits to holders such as discounted tickets for next year's event.

The government of Hong Kong has been scrambling to attract tech talent to set up shops in a city racked by turmoil during the Covid-19 pandemic and Beijing's crackdown on free speech. Many business leaders and tech executives have resigned from other business hubs, such as Singapore and London.

The government has announced the second round of the $1.3 million cash subsidy offered for fintech startups based in Hong Kong.

In July, Forex Suggest reported that Hong Kong was the most 'crypto-ready' jurisdiction in the world, followed by the United States and Switzerland. The study considered local crypto regulations, the number of local blockchain startups, crypto search volumes, the number of crypto ATMs, and local taxation laws.