Hong Kong on Its Way to Becoming a Hub for Digital Assets
Circle CEO Jeremy Allaire expressed the company’s keen interest in Hong Kong’s goal of establishing itself as a leading center for digital assets and stablecoins.
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Hong Kong aims to establish itself as a prominent hub for digital assets markets and stablecoins, and we are closely monitoring these developments
stated CEO of Circle
Allaire also highlighted the high demand for digital dollars in emerging markets, particularly in Asia.
We see enormous demand for digital dollars in emerging markets and Asia is really center of that
stated CEO of Circle
In related news, HK Rating Agency HKVAC has announced the inclusion of a wide range of virtual assets in its virtual asset index. Alongside BTC and ETH, the index now covers WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS.
Hong Kong legislators Johnny Ng, Huobi, KuCoin, and other entities are backing this institution.
Previously, GNcrypto reported that HSBC, the premier bank of Hong Kong, has sanctioned its clients to engage in the trading of Bitcoin and Ethereum ETFs, listed on the Hong Kong stock exchange.
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