Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations

🚀 Hong Kong: A Leading Hub for Web3 & Digital Assets 🌐

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Hong Kong is now a top global destination for Web3 and digital assets 🌍✨, offering favorable regulations and digital currency ETFs that open up new opportunities. 💼📈

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Christopher Hui, the region’s top finance official, emphasized how Hong Kong is pioneering Web3 market developments through regulation formulation, product innovation, and government financing. 🏛️🔧💡

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Hong Kong’s targeted efforts are paying off with more brokerages offering digital asset services, including stablecoin deposit and withdrawal. A growing number of commercial lenders are serving VASPs. 🏦⚖️

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Hong Kong approved spot ETFs with a unique subscription and redemption mechanism, giving investors greater flexibility. They aim to be a leader in tokenizing real-world assets. 🏆🏢

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According to a study, tokenization could add $20 billion to Hong Kong’s GDP, further establishing its position as a global leader in digital assets. 📊💰

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#Web3 #DigitalAssets #HongKong #FinancialInnovation #Blockchain #Cryptocurrency #Investment

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For more info: https://coingeek.com/hong-kong-treasury-chief-were-leading-in-web3-with-digital-currency-etfs-enabling-regulations/?rand=6477