On October 31, 2022, the Financial Secretary of Hong Kong officially issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong", which clarified the government's policy stance and guidelines on the thriving virtual asset industry and ecosystem in Hong Kong. Since the Hong Kong government has maintained an open attitude towards virtual asset transactions, tokenized asset property rights, and the legality of smart contracts, participants in the encryption industry have become increasingly concerned about Hong Kong. Hong Kong, which competes fiercely with Singapore for the status of the Asian financial center, is trying to cut into the encryption field to quickly catch up with the gap during the epidemic.
The Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group will hold the first encryption carnival from April 12th to April 15th. According to incomplete statistics, since April 8th, when the Wanxiang Carnival, known as the main venue of encryption, is approaching, there have been more than 100 large and small conferences in the surrounding area.
On April 13th, BiFinance, a new institution-level digital asset trading platform, held a "Web3 in Hong Kong" directional meeting around the Wanxiang event in Hong Kong. Practitioners from various fields such as VC institutions, project parties, communities, and media in the encryption industry were invited to this meeting to discuss the encryption policies in Hong Kong, the future development trends of their respective tracks, and BiFinance's 23-year global strategic layout. In-depth communication.
A spokesperson for BiFinance stated that in February 2023, the Hong Kong Securities and Futures Commission issued the "Consultation Document on Proposed Regulatory Regulations Applicable to Operators of Virtual Asset Trading Platforms Licensed by the Securities and Futures Commission." The encryption industry has grown from wild growth to gradual standardization, which is an excellent opportunity for us. BiFinance is an international cryptocurrency platform, professionally operated and maintained by industry top talents from many countries and regions, providing one-stop encrypted asset business for millions of users in more than 130 countries and regions, we always adhere to Take the compliance route as the cornerstone of development. It also revealed that the applications for No. 1, 4, and 7 licenses that will be open for application in June will be formally submitted soon, and it may consider entering Cyberport to establish an independent operation center in Greater China in the future.