On June 1, Hong Kong implemented new crypto regulations to license exchanges. Two experts – Angelina Kwan, CEO of Stratford Finance (and former COO of BitMEX), and Adrian Lai, founder and managing partner of Newman Capital – weigh in on the new rules in Hong Kong, which tokens can be listed, recent reports that China may be sanctioning this activity, and how the crypto community is responding so far. Plus, they dissect the latest developments of the digital yuan, whether China will ever embrace public blockchains, and the shifting global regulatory landscape for crypto, and more.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
Angelina’s and Adrian’s backgrounds in crypto in Hong Kong
how crypto in Hong Kong has evolved over the years
what the new Hong Kong Securities and Futures Commission (SFC) rules consist of, including which tokens will be allowed in the newly licensed exchanges
how the Hong Kong Monetary Authority (HKMA) has taken onboarding crypto companies in the banking system very seriously
why Angelina says that crypto companies have already stopped leaving Hong Kong
how some people are worried how a potential crackdown on crypto in China could affect Hong Kong
why the SFC has committed to issuing a paper on tokenization and why it is particularly interested in real estate
the importance of the development of the digital yuan
whether the new regulations in Hong Kong mean that China is prepared to adopt crypto in the mainland
how China is 'excelling' at adopting real-world use cases, according to Angelina
why you can't say “NFTs” in China and why the metaverse represents a “huge problem,” according to Adrian
whether China will let public blockchains succeed
how the global regulatory landscape has been changing and what it means for the future of digital assets
whether Africa is the next frontier of growth and what role the Middle East is playing
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Guests:
Angelina Kwan, CEO of Stratford Finance
Adrian Lai, founder and managing partner of Newman Capital
Links
CoinDesk:
Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
How Hong Kong Is Gearing Up to Regulate Stablecoins
Cointelegraph:
Hong Kong’s regulatory lead sets it up to be major crypto hub
China doles out millions in digital yuan in bid to boost adoption: Report
Chinese city public servants to receive digital yuan salaries starting May
TechCrunch:
Hong Kong’s crypto rules help it fit in more than stand out, but experts say that’s good
A peek into China’s stance on web3
CNBC: One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
Bloomberg: Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing
Hong Kong Securities and Futures Commission: SFC concludes consultation on regulation of virtual asset trading platforms
South China Morning Post: Hong Kong’s crypto market will not have ‘light-touch regulation’, HKMA chief says as city prepares new rules
Forkast: China: Zhengzhou City proposes metaverse plan
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