Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers. Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire…
Project Genesis 2.0 continued the joint effort of exploring blockchain opportunities for green investments. The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their Genesis 2.0 initiative. The project aims to explore the use of blockchain, smart contracts and the…
Family offices and the ultra-rich of Hong Kong and Singapore are among investors who have expressed interest in diversifying their portfolio of assets with the novel asset class, despite the price fluctuations of digital currencies over the last two years. A report from KPMG says that more than 90% of family offices and wealthy people…