Hong Kong will be the central hub for its technological and marketing base since all the initial founders are from Hong Kong. We foresee a Big heat wave of blockchain application coming to Hong Kong very soon. The Hong Kong government’s attitude towards the application of blockchain and cryptocurrency tend to be more welcome as new technologies have affected many traditional industries, including banking and finance, medical health and food safety.
The government’s primary goal is to build new industries, new wealth, and create more job opportunities for young people. Thus, the government has launched a 500 million HKD science and technology talent plan to encourage more young people to devote themselves to research and development, including the usage of blockchain and cryptocurrency.
Meanwhile, the Hong Kong Government and the HK SFC issued a consultation paper proposing a new licensing regime for virtual asset service providers (VASPs), effectively creating a legal framework for the world of digital assets. This tends to be more welcome and legitimize for fintech innovations.
We believe that the operational future of blockchain applications and peers in Hong Kong will bring us with a global horizon and the opportunity of having a number of partnerships with some of the world’s top experts in the industry.
With good technology, blockchain will have a brighter future.