Hong Kong Set To Expand Digital-Asset Exchange Licenses Amid Push For Stablecoin Proposal
Portfolio Pulse from Murtuza Merchant
Hong Kong's Securities and Futures Commission (SFC) plans to expand digital-asset exchange licenses by 2024, aiming to establish the city as a digital asset hub. The SFC is also considering a state-backed stablecoin, HKDG, to enhance financial efficiency and inclusivity.
October 28, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hong Kong Exchanges and Clearing Ltd. has launched a Virtual Asset Index Series to provide reliable benchmarks for Bitcoin and Ethereum prices, aligning with Hong Kong's push to become a digital asset hub.
The introduction of a Virtual Asset Index Series by Hong Kong Exchanges and Clearing Ltd. aligns with the city's ambition to become a digital asset hub, potentially increasing interest and trading activity in the region.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80