Crypto Analyst

Edward Wu

Ventured into the Crypto Jungle in 2020 and survived the 2022/2023 crypto winter. 

Living through one full cycle has equipped me with a profound understanding of the crypto markets.

Focused on Bitcoin, Ethereum, and their ecosystems, also convinced DeFi and RWAs will revolutionize finance. Ocassionally dabble in memecoins, enjoying their community-driven vibrance.

Crypto

<ul>
<li>Hong Kong government published on Oct 31 a statement titled “Policy Statement on Development of Virtual Assets in Hong Kong” with a much friendlier stance on crypto industry</li>
<li>The policy statement mainly focuses on crypto asset ETF, NFT, tokenized assets, stablecoin, and e-HKD; while utility tokens are missing from it.</li>
<li>While this has been perceived positively by the industry, the biggest concern is still the regulatory uncertainty, especially considering mainland China’s outright ban on all crypto-related activity</li>
</ul>


Hong Kong government published on Oct 31 a statement titled “Policy Statement on Development of Virtual Assets in Hong Kong” with a much friendlier stance on crypto industry
The policy statement mainly focuses on crypto asset ETF, NFT, tokenized assets, stablecoin, and e-HKD; while utility tokens are missing from it.
While this has been perceived positively by the industry, the biggest concern is still the regulatory uncertainty, especially considering mainland China’s outright ban on all crypto-related activity


Quick Update on the New Hong Kong Crypto Policy Statement – A Revival of the Crypto Hub?