What Happened on Feb. 16th | Hong Kong Aims to Become Asian Crypto Hub
Positive news that Hong Kong is opening its doors to digital assets and investors is fueling a surge in Bitcoin and crypto markets today. Hong Kong aims to become a major Asian crypto hub and plans to legalize buying, selling, and trading of crypto for all citizens.
This move opens up the possibility for money from China to flow into digital assets more easily. Crypto experts have commented on the bullishness of this development, with predictions of an emerging Asian stablecoin and a shift away from U.S. dollar.
Singapore's largest bank, DBS, has also announced plans to apply for a digital asset license, which will enable it to offer crypto trading to Hong Kong customers. Meanwhile, industry analysts are expecting the next crypto bull market to be driven by money from China and Asia.
Biggest Gainers & Losers
Hong Kong to Make Crypto Trading Legal for Citizens on June 1st, Says KOL: Crypto熊猫, a crypto KOL, said on Twitter that Hong Kong will officially make crypto purchase, sell and trading fully legal for all of its citizens on June 1st, 2023. "Asian currency based stablecoin coming out of HK will be a certainty as well." He added. The report is retweeted by the likes of Coinbase CEO Brian Armstrong.
Hong Kong Government Launches Tokenised Green Bond: The government of Hong Kong announced the successful offering of HK$800 million of tokenised green bond under the Government Green Bond Programme. This is the first tokenised green bond issued by a government globally.
Blur Declares War Against OpenSea with New Royalty Policy, Recommends Creators to Block Competitors: Blur is making new moves on its way to challenge OpenSea's leading position in the NFT marketplace space. It has published a blog article to explain its new royalty policy, in which it recommended the creators to block OpenSea.
Hot projects on the market
What is Camelot? Innovative DEX with Customizable Liquidity & Launchpad on Arbitrum - Tokeninsight Ratings & Analysis
Lido Finance Launch Incentive Program to Encourage Layer 2 Adoption with 1 Million $OP Tokens
Stargate Faces Delisting of $STG Token on Centralized Exchanges without Market Maker
APWine, an Interest Rates Derivatives Protocol, is Now Live on Arbitrum
Xverse Wallet Makes Inscribing NFTs on Bitcoin Blockchain Accessible Without Requiring Running a Node
Other news in case you missed it:
Two Co-Signers of SBF's Bond Revealed, Both Tied to Stanford
Ironblocks, a blockchain cybersecurity platform created by former Bancor team members, raises $7 million in funding
Wyoming's New Law Prevents Forced Disclosure of Private Crypto Keys
Mysten Labs CEO Seeking to Raise over $100 Million for a Web3 Fund
Policy and Regulation