Hongkong to debut Asia's first crypto-centric index

[bitterguy28]

if you guys remember hongkong was also the first one in asia to acknowledge and accept bitcoin as a main investment tool they were praised for their early approval of etf and now they seem to be leading the pack again as they are set to launch the first crypto-centric index in asia on November 15th

hongkong seems to be on a roll and now with bitcoin's price rising and breaking through the previous resistance levels, this is just looking good for the country unlike mainland china who does not seem to have made as much progress as hongkong in relation to crypto

what do you think will be the next big step of hongkong with the peak of bullrun almost on its way?


read more here: https://techreport.com/crypto-news/hong-kong-to-gear-up-crypto-index-tax-concessions/

[TomPluz]

what do you think will be the next big step of hongkong with the peak of bullrun almost on its way?

I am not sure what can be next in Hong Kong as it continues to expand and redefine its involvement with the cryptocurrency industry, a far cry from what happened in China years ago where a blanket ban was implemented by the powers that be. I am sure though that there seems to be a growing interest with things related to cryptocurrency that can pave the way for many in Hong Kong to invest and make money from...and I understand well that this is where Chinese can really excel. Good thing to see Hong Kong allowed by the mainland China to be the door for cryptocurrency to enter and flourish.

[bitterguy28]

and I understand well that this is where Chinese can really excel. Good thing to see Hong Kong allowed by the mainland China to be the door for cryptocurrency to enter and flourish.

yeah it is really such a shame that china decided to cut what seems to have been a very successful adoption of crypto in their country back then who knows what they could have done now if they kept their progress up but i would not put it past them to go back on their decision and reverse it

if they don’t reevaluate their take on crypto i wonder how it will work if hongkng inevitably has to go back to being owned by china i know that’s still a long time coming but i am sure many would be curious as well

[hugeblack]

If Hong Kong's policies are long-term and open-minded about cryptocurrencies and related trading, I don't expect it to affect the price of Bitcoin, as they know that the future trend of Bitcoin is to rise, so I don't expect a change in 2025.

[robelneo]

That's a great milestone for Hongkong, China should take a cue on HongKong adoption; if only they will have the same policy of HongKong, Cryptocurrency's adoption will be in a better phase, This is the reason why HongKong is considered to be one of world's financial hub because of their free trade policy.
There will be a lot of more great things that's going to happen here in HongKong so HongKong will be one of the most followed countries when it comes to anything related Cryptocurrency.

[ZAINmalik75]

if you guys remember hongkong was also the first one in asia to acknowledge and accept bitcoin as a main investment tool they were praised for their early approval of etf and now they seem to be leading the pack again as they are set to launch the first crypto-centric index in asia on November 15th

hongkong seems to be on a roll and now with bitcoin's price rising and breaking through the previous resistance levels, this is just looking good for the country unlike mainland china who does not seem to have made as much progress as hongkong in relation to crypto

what do you think will be the next big step of hongkong with the peak of bullrun almost on its way?

They are the real Alphas First they approved ETF, then other world approved it. Now they will introduce the first crypto-centric index in Asia but this time they were not first because these indexes are already been introduced in America and other parts of the world although it the first index in Asia so it values a lot for Asians.

This will increase the adoption of crypto and market will be bullish too, China lacks such adoption and motivation that's why they created another nation HongKong to prosper itself in all fields with no restrictions.

[MrSpasybo]

if you guys remember hongkong was also the first one in asia to acknowledge and accept bitcoin as a main investment tool they were praised for their early approval of etf and now they seem to be leading the pack again as they are set to launch the first crypto-centric index in asia on November 15th

hongkong seems to be on a roll and now with bitcoin's price rising and breaking through the previous resistance levels, this is just looking good for the country unlike mainland china who does not seem to have made as much progress as hongkong in relation to crypto

what do you think will be the next big step of hongkong with the peak of bullrun almost on its way?

Hongkong is just a small territory and its economy isn't really that big, meaning Hongkong impact on the crypto wave is negligible. What I'm more interested in is the possibility of the Chinese government adopting crypto soon if the crypto experiments in Hongkong yield positive results.

If Hong Kong benefits significantly from bullrun, as evidenced by increased investment and positive public sentiment, I believe the Chinese government will change its stance on the crypto market and start granting mainland citizens greater access to crypto. That would be a major step forward for crypto success.

[bitterguy28]

They are the real Alphas First they approved ETF, then other world approved it. Now they will introduce the first crypto-centric index in Asia but this time they were not first because these indexes are already been introduced in America and other parts of the world although it the first index in Asia so it values a lot for Asians.

i feel like asian countries are lacking behind other countries when it comes to crypto adoption not gonna lie even the first world countries they do not really compare with other countries let alone those third world countries crypto knowledge is poor and not as much considered mainstream

so what hongkong is doing for the asian continent is very important and vital in helping boost crypto in our continent or region

[yhiaali3]

Good news from Hong Kong, I don’t know what the next big news will be but you can expect anything.

Hong Kong is making rapid strides to be the first adopter of crypto and attracting big investments by creating an open business environment that helps attract big companies.

We now have a race between Hong Kong and the UAE to attract big investment companies in crypto through open laws, this is of course in the interest of the economies of both countries and in the interest of the crypto community in general.

[Zed0X]

~
Hongkong is just a small territory and its economy isn't really that big, meaning Hongkong impact on the crypto wave is negligible. What I'm more interested in is the possibility of the Chinese government adopting crypto soon if the crypto experiments in Hongkong yield positive results.

If Hong Kong benefits significantly from bullrun, as evidenced by increased investment and positive public sentiment, I believe the Chinese government will change its stance on the crypto market and start granting mainland citizens greater access to crypto. That would be a major step forward for crypto success.

Nah, mainland China doesn't need cryptocurrencies as they have shown that over time. I don't have an update on the adoption of their CBDC but even without that, they have a working digital payment system. What I see is crypto being isolated in Hongkong which is similar to gambling in Moscow. Besides, I think they are more focus on Gold right now and BRICS.

[Jating]

They are the real Alphas First they approved ETF, then other world approved it. Now they will introduce the first crypto-centric index in Asia but this time they were not first because these indexes are already been introduced in America and other parts of the world although it the first index in Asia so it values a lot for Asians.

i feel like asian countries are lacking behind other countries when it comes to crypto adoption not gonna lie even the first world countries they do not really compare with other countries let alone those third world countries crypto knowledge is poor and not as much considered mainstream

so what hongkong is doing for the asian continent is very important and vital in helping boost crypto in our continent or region

I disagree though, definitely there are Asian countries like Japan, South Korea and Singapore that is leading crypto adoption. And then South East region as well like Philippines, Indonesia, Malaysia and Hongkong.

It might be the region is just small in comparison with Central or Latin American countries. But I think they are doing their part as well with the development of crypto and blockchain technology. They even have their own versions of blockchain summit and meeting held regularly every year. So it's good to hear that Hongkong is going to debut the region's first crypto-centric index.

[ZAINmalik75]

i feel like asian countries are lacking behind other countries when it comes to crypto adoption not gonna lie even the first world countries they do not really compare with other countries let alone those third world countries crypto knowledge is poor and not as much considered mainstream

so what hongkong is doing for the asian continent is very important and vital in helping boost crypto in our continent or region

You have a good point asian countries really lack in adoption we don't even have 5G in our country yet and the world is going to use 6g and above. Not all Asian countries are same some are good and making progress by some are making progress from top to bottom. Hongkong really gave crypto investors a good start but you own said the adoption is very low in Asia.

People don't appreciate this step yet but with time I hope the adoption will increase and then people will realize these steps.

[bitterguy28]

after hongkong, taiwan seems to be well on its way to be the next one to adopt cryptocurrencies as of now crypto falls under gray area in taiwan as they do not have clear regulations but that seems to be changing as taiwan wants to acknowledge digital currencies now and be involved in the development and adoption of it

with hongkong and taiwan progressing with bitcoin it makes you think if china will ever be moved or worried about other countries within the region one upping them

[NotATether]

Crypto-centric index? Is that supposed to mean a listing of all the public Hong Kong companies who work with crypto? I didn't know there are many to be honest.

Why would anybody want to trade that though? It's basically measuring the performance of the cryptocurrency industry as a whole, so it makes little sense to buy that over Bitcoin, which is a pretty accurate ticker for that.

[ZAINmalik75]

I disagree though, definitely there are Asian countries like Japan, South Korea and Singapore that is leading crypto adoption. And then South East region as well like Philippines, Indonesia, Malaysia and Hongkong.

It might be the region is just small in comparison with Central or Latin American countries. But I think they are doing their part as well with the development of crypto and blockchain technology. They even have their own versions of blockchain summit and meeting held regularly every year. So it's good to hear that Hongkong is going to debut the region's first crypto-centric index.

I agree with your statements. These countries which I overlook as Asian countries are certainly making outstanding achievements in crypto era especially the Hong Kong and other small countries like Indonesia and Malaysia are also full of crypto users. Don't know if crypto is legal in these two countries but all these countries combined as Asian countries prove the statement that Asian are behind in this race.

I was wrong before because I overlooked these countries but they can't be overlooked due to their performances even if they are small in size in compared to other big countries just like you described.