Details of new Regime may emerge at Fintech Confabacular

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Details of new Regime may emerge at Fintech Confabacular

Details of New Regime May Emerge at Fintech Confab

By allowing both institutional and retail traders to access the digital asset markets, Bloomberg said, the regulatory framework will allow for both institutions and retail traders to access the digital asset markets.

More details on the regime may surface during the Hong Kong FinTech Week conference starting Monday. The government said it will showcase its vision for 'developing Hong Kong into an international virtual assets centre'.

The government of Hong Kong may also utilize nonfungible tokens at the event by issuance of 2,000 NFTs to participants. Holders can obtain discounts on tickets for next year's event by utilizing the tokens.

The government in Hong Kong is scrambling to attract high-skilled individuals to boost their businesses, a state racked by instability during the Covid-19 pandemic and Beijing's crackdown on free speech. Devs and tech executives have resigned for other business hubs, such as Singapore and London.

In early October, the government announced the second round of its $1.3 million cash subsidies for fintech startups based in Hong Kong.

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