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Hong Kong Authorities Release Findings, Feedback of Consultation Paper on Digital Asset Regulations

Hong Kong authorities have released findings, feedback of consultation paper on digital asset regulations. ....

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Beijing's Crypto Crackdown Is Not New but Don't Dismiss It

China’s reiterated crypto ban sharpens the focus on the financial sector. ....

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Art for Breakfast - Finding Art, NFTs and Tech's Place in the Future

Asia Society Hong Kong brings our global ‘Art for Breakfast’ Series to the city during Hong Kong’s international Arts Month. Members are welcomed to our JC hall for a light breakfast and conversations with new perspectives on the art market.
After a year of turbulence and despite the general depression of the global economy, topics of Greater China and Asia-Pacific’s art market are still rapidly expanding. As we watch the region overtake the US to become the largest market share of public auction sales, Christie’s headline Non-Fungible Token (NFT) art piece selling for a record-breaking $69 Million USD to a Singaporean blockchain entrepreneur, and a record high of $12.4 Billion USD for online art sales. It’s about time to re-engage with innovative speakers and look to the future. ....

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Crypto body warns new HK law will backfire

(MENAFN - Asia Times) Hong Kong s crypto industry stakeholders are actively opposing a new law that would restrict trading to professional investors, shutting 93% of the population out of the market, the South China Morning Post reports .
Global Digital Finance , a body that represents crypto exchanges including OKCoin, BitMEX, Huobi and Coinbase, told the paper that the proposed law would force retail traders to turn to unregulated platforms.
In an effort to strengthen anti-money laundering and counter-terrorist financing measures in line with recommendations from the Financial Action Task Force (FATF), Hong Kong s Financial Services and the Treasury Bureau published the proposal in November 2020. ....

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Kenetic co-founder purchases .NFT domain extension for $84K

News
In a single purchase, Jehan Chu, co-founder of Hong Kong-based crypto investment firm Kenetic Capital, has bought the ability to issue a seemingly unlimited number of NFT subdomains on the Handshake blockchain.
According to Kenetic, Chu purchased the .NFT domain extension for $84,000, or roughly 680,000 Handshake (HNS) tokens at the time, brokered through the Namebase marketplace. The crypto investor reportedly owns more than 1,300 Handshake domains. He said he bought the extension while observing a rising interest in nonfungible tokens, or NFTs, across the crypto ecosystem.
“I believe NFTs are the true missing link between online and offline objects, and will transform not only art, but also business, finance, society and culture,” said Chu. “An uncensorable NFT domain on Handshake is an invaluable asset and platform for the future of art and intellectual property.” ....

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