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

These questions were at the heart of a timely panel discussion organized by the Financial Services Development Council (FSC) at the Symposium on Institutional Regulation of Digital Assets and Cryptocurrencies in London. Expert panelists highlighted the latest regulatory developments in Hong Kong, as well as opportunities for the city to lead the global development of virtual assets, blockchain and the wider Web 3.0 ecosystem.

Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

In 2019, Hong Kong initially opted for an opt-in mode for exchanging virtual assets without requiring licenses. Only one stock exchange decided to get a license from the Securities and Futures Commission (SFC).

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Under the current system, all cryptocurrency exchanges must have licenses to operate, covering everything from Bitcoin and stablecoins to government tokens. They can only serve professional investors and do not provide retail services.

“Hong Kong regulators have made it very clear that operating in this sector requires a license and appropriate safeguards to protect retail investors,” said Benjamin Quinlan, managing director and managing partner of Quinlan Associates.

“It was early in that regard and some people thought the approach was too conservative,” he said. “However, it is clear that local regulators are very cautious about taking a more cautious approach going forward, with a focus on developing an ecosystem that discourages rampant retail speculation while encouraging greater institutional accommodation.”

The government has enabled banks and other intermediaries to partner with licensed exchanges to provide virtual asset trading services. We are also open to reviewing the ownership rights associated with virtual assets. This favorable regulatory environment enables operations across the entire virtual asset value chain in Hong Kong, including issuance and tokenization, fundraising and asset management and custody.

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To deepen institutional participation in cryptocurrencies, retail investors should also participate through exchange-traded funds (ETFs).

“Failure to strike a balance between retail and institutional legislation will raise questions about how sustainable the market is, particularly in the short term,” Mr Quinlan said. This is because without individual investors, liquidity in the Hong Kong market is limited.

He also emphasized the importance of developing new products to allow asset managers to allocate assets in cryptocurrencies and act in accordance with their fiduciary duties.

Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

This is where tokenization will play an important role in bringing traditional assets such as bonds, stocks and even real estate into the new digital paradigm.

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“We’re seeing a big trend towards tokenization among the big banks,” said Richard Dooney, UK Head of DLT and Crypto at GFT Financial. “This is what we expect to see going forward as banks look to create efficiencies and deliver product innovation to their customers.”

Blockchain technology is often part of cryptocurrency discussions. However, cryptocurrencies are only one area where blockchain can be implemented, and companies are looking for ways to integrate this new technology into their existing IT infrastructure.

Red Date Technology is a company that builds blockchain infrastructure. Last August, we launched the BSN Spartan Network, a network that integrates several non-crypto public blockchains. Launched in Hong Kong due to the opportunity to develop use cases with large international companies.

“What was attractive to all of these companies was that they were mainstream companies with traditional IT, and they were attracted to the idea that you don’t have to deal with cryptocurrencies to take advantage of blockchain technology,” said Tim Bailey of Red Date. “He said. Vice President of Global Sales.

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He explained how there has been an increased understanding among large companies of the benefits that can be derived from blockchain in order to use it to solve specific business problems.

The outlook for blockchain is positive in Hong Kong. Not only does the city have expertise in financial services that can help shape future use cases, but it also has a strong community of venture capitalists willing to invest in startups.

There is also strong government support for technology in the form of grants and programs. For example, there is an ongoing exchange of commercial data. It is envisaged to connect the corporate data of small and medium-sized enterprises based on blockchain technology, with the commissioning planned during the year.

Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

Mr Bailey said it was only a matter of time before blockchain became part of the standard technology toolkit. “In the future, when people stop talking about the term ‘blockchain,’ you’ll know it’s gone mainstream,” he said.

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Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

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Investing In Hong Kong Real Estate With Crypto: A Unique Perspective

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