News list for " and Virtual"
Wu Jiezhuang, chairperson of the committee of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum, said that Hong Kong's virtual asset trading platform license requirements are very high, and the withdrawal of the application is mainly due to the company's financial problems, business maturity, investment technology and the suitability of warehousing candidates. On how the Hong Kong virtual asset market can serve the needs of the country in the future, Wu Jiezhuang believ...
The Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee Chairperson Wu Jiezhuang said that the Hong Kong High Court heard the world's first lawsuit involving a decentralized autonomous organization (DAO) in August this year. At present, the United States and Abu Dhabi have relevant legal frameworks to regulate DAOs. Since DAOs have no legal subject, it is recommended that the special administrative region government can refer to the licensing system of the securitie...
The Web3 and Virtual Asset Development Subcommittee of the Hong Kong Legislative Council held a meeting on November 19 to discuss the promotion of blockchain technology application and Web3 development. Business lawmakers Yan Gang proposed to combine the development of virtual asset indices and stablecoins in Hong Kong, so that Hong Kong can gain a certain say in the pricing power of virtual asset transactions. It is hoped that the SAR government will make further plans in this regard.
On August 8, the chairperson of the Web3 and Virtual Asset Development Subcommittee of the Hong Kong Legislative Council, Wu Jiezhuang, conducted a survey on the Web 3.0 industry this month and announced the results of the survey today (8th), finding that most of the Web 3.0 companies settled in Hong Kong have difficulty opening bank accounts in Hong Kong.
The Hong Kong Treasury Bureau said that in view of the important role of fiat stablecoins in Web3 and the virtual asset ecosystem, as well as the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to address the issue of fiat stablecoins.
Cryptocurrency exchange CoinEx has announced that it has been authorized by the Polish Virtual Asset Service Provider (VASP).
