Hong Kong's potential as a crypto hub is on the rise, according to CMCC Global, a venture capital company focused on blockchain technology and backed by Richard Li.
CMCC Global is set to launch a $100 million fund, which will invest in blockchain-related projects globally. The company sees Hong Kong as a promising destination due to its strategic location, friendly regulatory environment, and infrastructure that supports innovation and technology.
The US has been tightening its regulations on digital assets, with the Securities and Exchange Commission (SEC) recently delaying its decision on whether to approve a Bitcoin ETF. Meanwhile, Hong Kong regulators have been more open to digital asset innovation, with the Securities and Futures Commission (SFC) recently granting a license to a crypto asset manager.
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