At Consensus Hong Kong, policymakers announced several new initiatives to strengthen the domestic digital asset ecosystem. Industry leaders believe that although the market still has many hype-driven projects, blockchain technology and Web3 are still creating real value for businesses.
Hong Kong is aiming to become a regional digital asset hub, with plans to establish a permanent contract framework and issue the first stablecoin licenses. Jason Atkins from Auros commented that clear policies help businesses feel confident to invest and expand operations. Regulatory agencies like the SFC and HKMA also show willingness to cooperate with businesses, but remain cautious in approval processes.
Major organizations such as Swift and Franklin Templeton confirmed they are deploying blockchain. Industry leaders forecast that traditional institutions adopting blockchain will increase significantly over the next decade.
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