Foresight News on-site report: Hong Kong Special Administrative Region Secretary for Financial Services and the Treasury, Christopher Hui, responded to the question of “how to attract blockchain foundations and their technical teams to settle in Hong Kong” at Consensus 2026. He stated that the Hong Kong government is very welcoming of Layer 1 protocols establishing bases in the city, which will further strengthen Hong Kong’s position as a Web3 hub. He explained that the previous lack of foundations and teams setting up in Hong Kong was mainly due to pandemic-related restrictions. These obstacles have now been removed, and hundreds of Web3 companies are currently operating in Hong Kong.
Hui emphasized that the Hong Kong government will continue to strengthen its relationships with major blockchain protocol organizations and leverage existing pro-business policies to actively invite them to establish offices and deploy technical personnel in Hong Kong. Additionally, the discussion also mentioned the proposal to study a regulatory framework for DAOs (Decentralized Autonomous Organizations) to address the legal status issues of foundations that are not traditional companies, thereby better integrating digital assets with traditional finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment
Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge.
Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in
CryptoNewsFlash34m ago
Geopolitical tensions drive crude oil to fluctuate at high levels, with Gate crude oil contracts reaching a 24-hour trading volume of $85.14 million.
International crude oil prices are fluctuating at high levels under the influence of the US, Israel, and Iran situations. Brent crude oil is currently at $84.28. The Gate platform has launched its first commodity contract, offering 24/7 trading and high leverage services to meet users' asset allocation needs.
GateNews1h ago
Iranian cryptocurrency trading volume plummets 80%, geopolitical shocks severely impact the market
Recently, Iran's cryptocurrency market trading volume has plummeted by approximately 80%, attracting global attention. Geopolitical factors such as reports of airstrikes by the US and Israel have caused investors to worry about network disruptions and economic chaos, leading traders to reduce risk and suspend trading. Despite the volatility, Iran's cryptocurrency remains an important tool for cross-border payments. Analysts believe that this incident demonstrates the increasing impact of localized conflicts on digital markets, and market participants will continue to monitor the development of the situation and its effect on digital asset liquidity in the coming weeks.
GateNews2h ago
Why did Bitcoin decouple from Wall Street during the global conflict?
Bitcoin hits a new high of $73,000 amid turbulence on Wall Street. Analysts believe that after a period of adjustment, Bitcoin has entered oversold territory, and geopolitical conflicts are prompting investors to refocus on this borderless safe-haven asset. Despite rising risk aversion in the market, Bitcoin's rally contrasts sharply with the performance of other risk assets.
PANews2h ago
UK reviews cryptocurrency gambling payments to promote legal digital asset betting and consumer protection
The UK Gambling Commission is reviewing the use of cryptocurrency payments on licensed gambling platforms, aiming to provide players with more payment options while ensuring consumer protection. As demand for crypto gambling increases, regulators hope to guide players away from high-risk platforms through the legalization of crypto payments and plan to introduce more comprehensive regulatory frameworks between 2026 and 2027.
GateNews3h ago
Suspected US government tool leak! Google reveals new type of cryptocurrency scam iPhone attack chain
Google Threat Intelligence Team Report Reveals New iPhone Exploit Kit Coruna Used in Large-Scale Cryptocurrency Scams. The toolkit uses JavaScript fingerprinting technology to identify iOS devices and steal crypto seed phrases and financial account information. All iPhone users are advised to update their systems immediately to prevent infection. The origin of Coruna is controversial, suspected to be linked to the U.S. government, but no definitive evidence has been provided.
MarketWhisper3h ago
