News
Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime.
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Asia News
Asia is the largest part of the world by both population and territory, and consists of 54 countries. Over 60% of the world’s population lives there. Together with Europe, Eurasia comprises the largest continent across the globe. Over recent decades, the region has become very attractive in almost every way. It has a huge number of industries in all sectors, a cheap labor force, etc., which makes local companies very attractive for investors and in turn, also helps to benefit the Asian economy. As many countries are developing or are already developed in Asia, the stock markets of this region are currently operating as fast as the American stock markets. Besides that, people receive a high-leveled education that is also available for foreigners through special programs like the Asia Society and so on.
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India’s Web3 ecosystem, driven by Gen Z developers, saw rapid growth in 2024, with investments surging 224% despite stringent crypto tax policies.
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Hong Kong’s Cyberport expands AI and Web3 research with $125 million in funding, boosting blockchain development and AI talent programs.
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HK Asia purchased just one Bitcoin and saw its share price spike nearly 93% as a result.
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Hong Kong financial secretary Paul Chan Mo-po says an exciting upcoming development is the intersection of AI and blockchain, which he said would create more use cases.
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The trio plans to launch a Hong Kong dollar-backed stablecoin and apply for a license under Hong Kong’s upcoming stablecoin bill.
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HashKey, a licensed crypto exchange in Hong Kong, secured a $30 million investment from China-based VC firm Gaorong Ventures at a $1.5 billion valuation.
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The country’s securities regulator will also allow 3,500 corporations and professional investors to open “real-name” accounts on cryptocurrency exchanges as part of a pilot program.
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Metaplanet, OSL Group and Boyaa led the crypto stock downturn as Bitcoin fell to $91,163 amid broader market fears over tariff trade wars.
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Hong Kong’s Securities and Futures Commission has issued two new crypto trading platform licenses, bringing the total to seven since mid-2024.
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Japanese firm Metaplanet plans to raise roughly $745 million to fund Bitcoin purchases, aiming for 21,000 BTC by 2026 as part of its strategy to lead Japan’s Bitcoin renaissance.
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Upbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea's martial law declaration.
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The Hashgraph Association has partnered with Taurus to advance secure custody, staking and tokenizing Hedera’s HBAR cryptocurrency globally.
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Former Thai PM Thaksin Shinawatra urges stablecoin adoption and online gambling legalization to boost Thailand’s revenue and innovation.
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Indian Railways has partnered with Chaincode Consulting to issue NFT-based tickets for the MahaKumbh Mela festival, integrating with the Polygon blockchain for scalability.
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