Hong Kong Strengthens Position as a Global Digital Asset Hub
- Paul Chan Mo-po, Hong Kong’s financial secretary, emphasized the city’s focus on digital asset stability and openness.
- The Cyberport Web3 Hub hosts over 270 blockchain firms, with 120 added in the past 17 months.
- Hong Kong proposes tax exemptions on crypto gains for certain entities to boost the sector.
- Nine crypto licenses have been issued since last year as part of a licensing initiative.
Hong Kong is investing heavily in blockchain infrastructure and Web3 innovation, aiming to become a leading global financial hub for digital assets. The region’s initiatives include tax exemptions and licensing drives to support crypto growth.
Source (2.6)https://www.newsbtc.com/news/top-5-new-crypto-to-buy-as-hong-kong-announces-plans-to-promote-crypto/?rand=52377
