Foresight News on-site report: Hong Kong Special Administrative Region Secretary for Financial Services and the Treasury, Christopher Hui, responded to the question of “how to attract blockchain foundations and their technical teams to settle in Hong Kong” at Consensus 2026. He stated that the Hong Kong government is very welcoming of Layer 1 protocols establishing bases in the city, which will further strengthen Hong Kong’s position as a Web3 hub. He explained that the previous lack of foundations and teams setting up in Hong Kong was mainly due to pandemic-related restrictions. These obstacles have now been removed, and hundreds of Web3 companies are currently operating in Hong Kong.
Hui emphasized that the Hong Kong government will continue to strengthen its relationships with major blockchain protocol organizations and leverage existing pro-business policies to actively invite them to establish offices and deploy technical personnel in Hong Kong. Additionally, the discussion also mentioned the proposal to study a regulatory framework for DAOs (Decentralized Autonomous Organizations) to address the legal status issues of foundations that are not traditional companies, thereby better integrating digital assets with traditional finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hong Kong Stablecoin License to be Issued Soon: First Approvals to Begin in March, Digital Asset Regulation Enters a New Phase
On February 11, Hong Kong Financial Secretary Paul Chan announced that Hong Kong is ready to issue the first batch of stablecoin licenses in March, marking the official move into the practical phase of local stablecoin regulation. The statement was made at a digital asset industry conference, sparking significant market attention on topics such as the "Hong Kong stablecoin regulatory framework" and "stablecoin compliance issuance prospects."
Paul Chan pointed out that only a small number of licenses will be issued in the initial phase, and regulators will focus on whether applicants have clear use cases, sustainable business models, and comprehensive compliance and risk management systems. He emphasized that stablecoins are not merely payment tools but are important infrastructure connecting traditional finance with on-chain economy, thus requiring a balance between innovation and risk control.
GateNewsBot9m ago
Bitcoin Faces Pressure — Could China’s Treasury Moves Trigger a 50% Drop?
Macro Pressure: China’s Treasury reductions and de-dollarization add stress to the U.S. dollar and Bitcoin.
Technical Signals: BTC/XAU ratio breaks key support, suggesting Bitcoin may be far from a bottom.
Market Sentiment: Minimal dip-buying and cautious positioning indicate potential
CryptoNewsLand1h ago
2026 Lunar New Year Taiwan Stock Market Closed, U.S. Stocks Continue Trading! Four Key Points in the International Market at a Glance
Taiwan stocks closed for the Lunar New Year on February 11, entering the Year of the Horse, while global capital markets continue to operate. Key events during the Lunar New Year include US GDP and global PMI, with NVIDIA's earnings report on February 26 being the biggest focus. The five major market trends include emerging markets outperforming US stocks, small and mid-cap stocks leading blue chips, AI hardware outperforming software, and more. Risk tracking includes four assets: IGV, MOVE, silver, and Bitcoin.
MarketWhisper1h ago
American host's mother kidnapped! The kidnappers demand 85 Bitcoin ransom, but police searches have been unsuccessful.
American "Today Show" host Savannah Gessley's mother was kidnapped, and the kidnappers demanded $6 million in Bitcoin. The case has raised concerns about cryptocurrency crimes and has drawn mainstream society's attention to the risks of blockchain. Law enforcement faces difficulties, with no concrete clues found, and family members released a video for help. This incident serves as a warning about the spread of cryptocurrency crimes in society.
CryptoCity2h ago
Hong Kong Virtual Asset Regulation: Three Arrow Measures Announced! Margin, Perpetual Contracts, and Market Makers to be Opened
Hong Kong Securities and Futures Commission Chief Executive Carrie Lam announced three new initiatives to establish a comprehensive virtual asset regulatory ecosystem. In terms of guaranteed financing, brokers will be allowed to provide financing to creditworthy clients, with collateral including securities and virtual assets. Regarding perpetual contracts, a high-level regulatory framework will be announced to permit licensed platforms to offer perpetual contract products. Concerning associated market makers, regulations are expected to be relaxed to allow licensed platforms to provide liquidity through subsidiary market-making units.
MarketWhisper2h ago
Systematic Interpretation of the New RWA Policy: Regulatory Framework and Implementation Details
The eight departments of the country issued the "Notice on Further Preventing and Managing Risks Related to Virtual Currencies and Other Assets," and the CSRC introduced relevant regulatory guidelines. The article analyzes China's changing regulatory attitude towards virtual currencies and real-world assets (RWA), pointing out that virtual currencies are still under strict crackdown, while RWA offers a compliant pathway, but the compliance threshold is high, and practical implementation faces multiple challenges.
TechubNews2h ago
