KPMG: The Asia-Pacific region places greater emphasis on the development and launch of virtual currencies and RWA tokens

2024-08-10 20:20:11

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ChainCatcher news, KPMG released the "Fintech Trends" report yesterday, which shows that in the first half of the year, the Asia-Pacific region recorded a total of 438 fintech transactions, raising $3.8 billion. The Asia-Pacific region places greater emphasis on the development and launch of virtual currencies and tokenized real-world assets.

Major financial hubs such as Hong Kong, Singapore, and Japan are committed to balancing innovation and regulation, continuing to explore and approve activities that integrate traditional finance with decentralized finance while protecting investors' rights. The Hong Kong government is actively developing cryptocurrency regulations to support cryptocurrency trading and other related activities.

In the first half of 2024, the Hong Kong Monetary Authority launched the second phase of the e-HKD pilot program and is attracting cryptocurrency companies through various initiatives to enhance Hong Kong's financial ecosystem, promoting the city to become an international virtual asset center.

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