Investing In Hong Kong Real Estate With Crypto: A Thriving Trend – The ongoing turmoil in the cryptocurrency industry has brought regulatory issues to the top of the virtual assets agenda. Key questions include: To what extent should this fast-growing industry be regulated? Should retail investors be allowed to buy and sell virtual assets? How can the supervision environment be conducive to the participation of institutional investors?

This was the focus of a timely panel discussion hosted by the Financial Services Development Council (FSDC) at the Institutional Digital Assets and Cryptocurrency Regulation Symposium in London. Panelists highlighted the latest regulatory developments in Hong Kong, as well as opportunities for Hong Kong to play a leading role in the global development of virtual assets, blockchain and the broader Web 0.0 ecosystem.

Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

In 2019, Hong Kong initially opted for an opt-in system for virtual asset exchanges without a license. Only one stock exchange decided to obtain a license from the Securities and Exchange Commission (SFC).

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Under the current system, all virtual asset exchanges – from Bitcoin and stablecoins to government tokens – must have an operating license. They can only provide services to professional investors, not retail services

“Hong Kong regulators have made it clear that if you want to operate in this space, you need a license and appropriate safeguards to protect retail investors,” said Benjamin Quinlan, CEO and managing partner of Quinlan Associates.

He said he was an early adopter and some thought his approach was too conservative. “But it’s clear that local regulators are very keen to take a more conscious approach, focused on developing an ecosystem that prevents wildlife retail from embracing the assumptions of more agencies in the future.”

The government provides banks and other intermediaries with the opportunity to cooperate with licensed exchanges to provide virtual asset trading services. Property rights related to virtual assets are also under scrutiny. With such a favorable regulatory environment, businesses across the entire virtual asset value chain are conducted in Hong Kong, including issuance and tokenization, financing and asset management, and custody.

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Deepening institutional participation in cryptocurrencies will also require retail participation, possibly through exchange-traded funds (ETFs).

“If you don’t get the right balance between retail and institutional, you question the sustainability of the market, especially in the short term,” Mr Quinlan said. This is because without retail investors, liquidity in the Hong Kong market will be limited

He also highlighted the development of new products that will allow asset managers to allocate funds to cryptocurrencies and their fiduciary responsibilities. Will observe

Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

Tokenization will play an important role here, bringing traditional assets such as bonds, stocks and real estate into the new digital paradigm.

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Richard Dooney, UK head of DLT and cryptocurrencies at GFT Financial, said: “We are seeing a big trend towards tokenization among the big banks. We expect to see this in the future as banks look to improve efficiencies and offer their customers Product Innovation. “

Blockchain technology is often part of the cryptocurrency discussion but cryptocurrency is just one area where blockchain can be implemented, with companies looking for ways to integrate this new technology into their existing IT infrastructure.

RedDate Technologies is a company that builds blockchain infrastructure. In August, it launched the BSN Spartan Network—a network that integrates multiple non-cryptocurrency public blockchains. It is launched in Hong Kong because of the possibility to develop use cases with large international companies

“What’s interesting to all these companies is that they’re mainstream businesses in traditional IT and they’re attracted to the idea that they can take advantage of blockchain technology without having to get involved in cryptocurrencies,” said Red Tim Bailey, VP of Global Sales Date

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He described how large companies are better understanding the benefits of blockchain and want to use it to solve specific business problems.

In Hong Kong, the future of blockchain is positive. The city not only has financial services expertise that can help build future use cases, but it also has a strong community of venture capitalists interested in investing in new startups.

The government also provides support for technology in the form of grants and programs. For example, a business data exchange is underway based on blockchain technology that will connect the company data of small and medium-sized enterprises and is expected to go online before the end of the year.

Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

“It’s only a matter of time before blockchain becomes part of the standard technology toolkit,” Mr. Bailey said. “In the future, when people stop talking about the word ‘blockchain,’ we’ll know it’s mainstream,” he said.

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Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

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Investing In Hong Kong Real Estate With Crypto: A Thriving Trend

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