{"id":72263,"date":"2023-01-09T12:34:13","date_gmt":"2023-01-09T10:34:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72263"},"modified":"2025-09-08T14:05:48","modified_gmt":"2025-09-08T11:05:48","slug":"hong-kong-signals-commitment-to-developing-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hong-kong-signals-commitment-to-developing-the-crypto-industry\/","title":{"rendered":"Hong Kong signals commitment to developing the crypto industry"},"content":{"rendered":"<p>Hong Kong&#8217;s Financial Secretary Paul Chan said the jurisdiction is ready to welcome cryptocurrency companies from around the world, according to 8BTC.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The Financial Secretary of Hong Kong CHAN Mo-po said <a href=\\\"https:\/\/twitter.com\/hashtag\/HongKong?src=hash&#038;ref_src=twsrc%5Etfw\\\">#HongKong<\/a> welcomes <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptocurrency<\/a> companies from around the world.<\/p>\n<p>\u2014 8BTCnews (@btcinchina) <a href=\\\"https:\/\/twitter.com\/btcinchina\/status\/1612326957269803009?ref_src=twsrc%5Etfw\\\">January 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>The official noted that authorities recently completed work on a licensing regime for the industry. Under the rules, crypto companies are subject to the same requirements as the traditional financial sector.<\/p>\n<p>\\n\\n<\/p>\n<p>In December, accelerator G-Rocket <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-to-back-1000-web3-startups-says-g-rocket-accelerator\">announced<\/a> that it would help open up business for 1000 startups in the Hong Kong Web3 sphere <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> over the next three years. The company launched the Hong Kong Web3.0 Hub initiative in November after authorities announced their intent to develop the virtual assets industry.<\/p>\n<p>\\n\\n<\/p>\n<p>At the end of 2022, trading began on the Hong Kong Stock Exchange <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-launches-trading-of-first-crypto-etfs\">began trading<\/a> two <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> tied to US-listed cryptocurrency futures.<\/p>\n<p>\\n\\n<\/p>\n<p>This came after, in October, the Financial Services and Treasury Bureau published <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-eases-crypto-regulation-and-revises-stance-on-bitcoin-etfs\">a statement easing restrictions<\/a> on cryptocurrencies and a willingness to engage with virtual asset service providers.<\/p>\n<p>\\n\\n<\/p>\n<p>The regulator noted at the time that the region is also open to sectoral exchange-traded funds, and announced the introduction of appropriate regulatory mechanisms and investor protections.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes suggested that China is looking to <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-envisions-chinas-return-to-the-crypto-industry-via-hong-kong\">to return to the crypto industry<\/a> via Hong Kong.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong&#8217;s Financial Secretary Paul Chan said the jurisdiction is ready to welcome cryptocurrency companies from around the world, according to 8BTC.<\/p>\n","protected":false},"author":1,"featured_media":72264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[832],"class_list":["post-72263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hong-kong"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72263"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72263\/revisions"}],"predecessor-version":[{"id":72265,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72263\/revisions\/72265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72264"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}