hashkey

HashKey Xiao Feng: Trump's support for cryptocurrency may drive China to revive the digital asset market

ChainCatcher news, according to the South China Morning Post, HashKey Group Chairman and CEO Xiao Feng stated in an interview: "If the U.S. Congress and the incoming President Trump clarify cryptocurrency policies, continuously legislate, and promote the development of the industry, this will definitely become a driving force for China to accept (cryptocurrency)."Xiao Feng believes that Washington and its Western allies excluding Russia from the Swift financial information system in 2022 may also prompt Beijing to support the cryptocurrency industry. He said: "If these events had not occurred, China might have needed five to six years from now to accept cryptocurrency business. But now, due to these influencing factors, this timeframe may be shortened to two years." The Chinese government has not yet shown signs of possibly relaxing its ban on digital assets. However, Beijing has allowed Hong Kong to develop its digital asset industry. Xiao Feng stated that if China wants to restore the development of its digital asset market, it can start with a payment and clearing system based on regulated stablecoins.He said: "Stablecoins are currently the best solution for cross-border business-to-consumer trade," citing reasons such as fast transaction speeds and low fees. Xiao Feng mentioned that his HashKey team recently conducted a survey in Yiwu, which found that almost all merchants received inquiries from buyers about whether they could use popular dollar stablecoins (such as USDT and USDC) for payments.

Hashkey Exchange won the "Web3 Industry Leader Award" at the 2024 Hong Kong Listed Company Development Summit Forum

ChainCatcher news, the 2024 Hong Kong Listed Companies Development Summit Forum and the 11th "Hong Kong Stock 100" Awards Ceremony, hosted by the Hong Kong Stock 100 Research Center, will be grandly held on November 11, 2024, at the Hong Kong Convention and Exhibition Centre S421. At this event, Hashkey Exchange received the "Web3 Industry Leader Award" in recognition of its outstanding contributions to promoting the development of the Web3 industry and innovation in Hong Kong's fintech sector.This award ceremony is organized by the Hong Kong Stock 100 Research Center, co-organized by Caihua News and Futu Securities, and supported by the Hong Kong Ta Kung Wen Wei Financial Public Relations Group. This award not only recognizes Hashkey Exchange's leadership position in the Web3 field but also affirms its role in promoting innovation and digital transformation in Hong Kong's financial market. The award for Hashkey Exchange also signifies the increasing influence and competitiveness of Hong Kong in the global fintech sector, while also indicating that the Hong Kong financial market is ushering in new opportunities for digital transformation.It is reported that Hashkey Exchange, as the largest licensed virtual asset exchange in Hong Kong, has surpassed HKD 6.7 billion in asset scale as of November 11, with a cumulative trading volume exceeding HKD 550 billion, and a growth scale of HKD 1.2 billion in the past 10 days.
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