Hong Kong will set up a task force to consolidate its recent ambitions to become a crypto hub.
In recent days, the main agenda item in the crypto industry has been the Asian region and Hong Kong. Institutions claiming that the bull run will start from Asia and new steps taken by Hong Kong have started a bullish wave in cryptocurrencies.
The steps taken by Hong Kong to become a crypto hub caused activity in Asian-based cryptocurrencies. Finally, Hong Kong has focused on creating a task force to solidify its moves on the crypto hub.
Hong Kong Focused on Being a Crypto Hub
Pioneering bullish scenarios in cryptocurrencies, Hong Kong has begun to solidify its steps to become a crypto hub.
Hong Kong Financial Secretary Paul Chan made striking statements in his 2023-2024 fiscal year budget speech. Chan noted that many innovative businesses have been trying to set up business in Hong Kong lately.
Voicing his crypto desires, Chan talked about his next steps. Chan, to advise on the sustainable and responsible development of the sector; announced the establishment of a task force consisting of relevant policy bureaus, financial regulators and market participants. In addition, Chan underlined that he will lead this task force created.
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