Reported 1 day ago
As stablecoins rise as a link between Web3 and traditional finance, Hong Kong's US dollar peg is seen as a significant advantage, facilitating smoother business operations in the region. However, the city faces hurdles in attracting major blockchain companies due to stringent regulatory requirements and competition from Singapore. Despite these challenges, Hong Kong aims to leverage its financial infrastructure to boost its standing in the evolving landscape of digital finance, particularly in facilitating transactions for emerging markets.
Source: YAHOO