Opportunities and Layout under Hong Kong's New Crypto Policy | AMA Review

Since the Hong Kong Securities and Futures Commission launched the virtual asset trading platform licensing system in June 2023, the development of the crypto industry has ushered in new opportunities. The new policy requires platforms to operate in compliance and undergo strict regulation to enhance market safety and transparency; at the same time, innovative products such as ETFs and virtual asset funds are gradually being opened to ordinary investors, lowering the investment threshold and attracting a large influx of institutional funds. Hong Kong's friendly policies towards the crypto industry lay the foundation for its position as a crypto financial hub and promote cooperation between traditional financial institutions and crypto asset management firms, injecting new growth momentum into the industry.

To commemorate the second anniversary of the implementation of Hong Kong's crypto new policy, at 8:30 PM on October 31, Daniel, the asset management director of Matrixport, was invited to participate in an X Space event themed "Web3 Shining in Hong Kong - Two Years of Exploration and Development of Hong Kong's New Policy," co-hosted by MetaEra and Web3labs. During the AMA live broadcast, Daniel shared his views on the impact of the implementation of Hong Kong's crypto new policy, new cooperation opportunities under the compliance wave of Web3.0, and Matrixport's development plans for the next three to five years.

The Implementation of Hong Kong's Crypto New Policy Benefits Industry Development

Hong Kong is gradually shifting its regulatory environment to support the Web3.0 industry. In recent years, the United States has introduced innovative products such as crypto ETFs, instilling confidence in traditional financial institutions, and more institutions are gradually accepting crypto assets. The product innovation and compliance channel construction in Hong Kong's crypto market effectively lower the entry barriers for ordinary investors and promote cooperation between traditional finance and crypto asset management firms. Driven by products such as ETFs and compliant funds, traditional capital has gained more opportunities to enter the crypto market, achieving higher returns and diversification of investment portfolios.

Global Compliance of Web3.0 Enhances Cooperation Potential Between Traditional Finance and Crypto Finance

Different countries are regulating the crypto market according to their own conditions due to differences in regulatory policies. However, due to the decentralized nature of Web3.0, it possesses stronger liquidity globally, especially in the fields of decentralized exchanges and stablecoins, where trading and liquidity naturally transcend borders. Although current regulations in various countries focus primarily on investor protection, in the long run, the global market for Web3.0 will trend towards collaborative development, and the cooperation potential between traditional finance and crypto finance institutions will continue to increase. The establishment of compliant channels is accelerating the healthy development of the crypto market.

Matrixport Will Deepen Product Innovation and Diversity to Promote Hong Kong's Crypto Hub Development

Matrixport plans to introduce cutting-edge technology and high-end talent under compliance to develop a diverse range of financial products to meet the ever-changing market demands. Additionally, Matrixport will closely collaborate with local financial institutions and regulatory bodies to ensure that all services comply with the latest regulatory standards, further enhancing market transparency and safety. Through these efforts, Matrixport hopes to provide investors with more choices and higher return opportunities while promoting Hong Kong's leading position in the global crypto market.

Against the backdrop of the booming global digital economy, Hong Kong, as a financial center in the Asia-Pacific region, is seizing unprecedented development opportunities thanks to its gradually improving cryptocurrency regulatory system and friendly policy environment. With the rapid rise of Web3.0, the cooperation potential between traditional finance and crypto finance continues to strengthen, opening new directions for innovation and investment. In the future, Hong Kong is expected to become a global hub for crypto finance, promoting the healthy and sustainable development of the industry.

For more exciting content, you can check the Space content replay: https://x.com/i/spaces/1ynKODjaYlZGR