Hong Kong Aims to Act as Global Connector Between Crypto and Traditional Finance

TheNewsCryptoPubblicato 2026-02-02Pubblicato ultima volta 2026-02-02

Introduzione

Hong Kong lawmaker Johnny Ng emphasizes that the city is positioning itself as a global connector between cryptocurrency and traditional finance, rather than competing directly with other nations. He argues that crypto is not a zero-sum game and should function as an interconnected global system. Hong Kong’s advantages include its common law system, English-language courts, and free capital flow, which help build a regulated and trusted crypto environment. The city also leverages the Greater Bay Area, collaborating with hubs like Shenzhen and Macau to combine fundraising and regulatory expertise with technological innovation. Recent efforts include inviting global crypto firms, such as Coinbase, to establish operations in Hong Kong and introducing clearer custody and OTC trading rules to better integrate crypto with institutional and corporate finance.

Johnny Ng, a Hong Kong lawmaker and a strong supporter of Web3 and digital assets, says that Hong Kong is not trying to “Beat” other countries in crypto; instead, it can act as a global connector between crypto markets and traditional finance across the U.S., Europe, and China.

Ng says that crypto should not be treated as the Zero sum game, meaning Crypto doesn’t belong to one country and is global, which works best when it is connected. He also stated that Hong Kong’s goal is to link East and West, Crypto startups and traditional banks, and innovation and regulations.

Why Hong Kong has a strong advantage

According to him, Hong Kong already has the strong advantages of a common law system that the global investors could understand and the English language court, trusted by the international businesses, with a free movement of money in and out of the city. This helps Hong Kong to build a crypto market that is regulated, safer, and accepted by the global financial institutions.

A key part of Hong Kong’s strategy involves the Greater Bay Area, which connects cities and Chinese hubs such as Shenzhen and Macau. Ng explained that Hong Kong helps to raise money and handle rules, whereas these main cities turn ideas into real products, which makes the region powerful.

Inviting the global crypto firms

Ng pointed out that Vitalik Buterin spent a lot of time in Hong Kong during Ethereum’s early stages, which shows that the region has long supported blockchain innovations. In 2023, during the period of strict enforcement by the U.S. regulations, he invited the major crypto companies like Coinbase to operate in Hong Kong.

In 2026, Hong Kong plans to introduce clearer custody rules and regulate OTC crypto trading with larger trading limits for professional investors. Ng says that the next phase is about the infrastructure, and these steps aim to make crypto work smoothly with real businesses and large investors.

Highlighted Crypto News:

XRP Slides Below $1.60 Amid Broader Crypto Market Pullback

Domande pertinenti

QWhat role does Hong Kong aim to play in the global crypto market according to Johnny Ng?

AHong Kong aims to act as a global connector between crypto markets and traditional finance, linking East and West, crypto startups and traditional banks, and innovation and regulations.

QWhat advantages does Hong Kong have in building a regulated crypto market?

AHong Kong has a common law system, English language courts trusted by international businesses, and free movement of money, which help build a regulated, safer crypto market accepted by global financial institutions.

QHow does the Greater Bay Area contribute to Hong Kong's crypto strategy?

AThe Greater Bay Area connects cities like Shenzhen and Macau, where Hong Kong handles fundraising and regulations while these cities turn ideas into real products, making the region powerful.

QWhat did Johnny Ng do in 2023 regarding global crypto companies?

AIn 2023, during strict U.S. regulations, Johnny Ng invited major crypto companies like Coinbase to operate in Hong Kong.

QWhat regulatory steps is Hong Kong planning for 2026 to support crypto integration?

AIn 2026, Hong Kong plans to introduce clearer custody rules and regulate OTC crypto trading with larger limits for professional investors to make crypto work smoothly with real businesses and large investors.

Letture associate

Strategy’s STRC Drop Shows The Risk Behind Bitcoin-Linked Credit Products

Strategy Inc.'s (formerly MicroStrategy) preferred stock, STRC, traded sharply below its $100 reference value during recent market stress, hitting an intraday low of $82.53. The company's CEO framed the drop as a "leverage flush"—forced selling by investors using borrowed money—rather than a fundamental default event. This distinction highlights that the selloff resulted from market mechanics and liquidity pressures, not missed payments by the issuer. The episode underscores the specific risks embedded in Bitcoin-linked credit products, which can behave differently from holding Bitcoin or common stock. As Bitcoin treasury strategies become more complex and financialized, instruments like preferred shares introduce additional layers of risk, including leverage, liquidity constraints, and sensitivity to Bitcoin's volatility. The STRC movement serves as a warning about the fragility of these structures in stressed markets, even when the underlying company remains solvent.

bitcoinist1 h fa

Strategy’s STRC Drop Shows The Risk Behind Bitcoin-Linked Credit Products

bitcoinist1 h fa

Australia’s High Court Hands ASIC Major Win In Block Earner Crypto Yield Case

Australia's High Court unanimously ruled in favor of the securities regulator ASIC in a case against crypto platform Block Earner. The court determined that Block Earner's historical 'Earner' fixed-yield product was a financial product and a derivative, requiring an Australian Financial Services Licence. This landmark decision establishes that crypto yield products promising structured returns can fall under existing financial services law, regardless of their digital asset nature. While the specific product is no longer offered, the ruling sets a significant precedent for how similar crypto investment and derivative-like offerings will be regulated in Australia. The case now returns to a lower court to determine penalties against Block Earner.

bitcoinist4 h fa

Australia’s High Court Hands ASIC Major Win In Block Earner Crypto Yield Case

bitcoinist4 h fa

Blockchain.com Expands Tokenized Stock Access Through Ondo Finance

Blockchain.com has expanded its partnership with Ondo Finance to integrate tokenized U.S. stocks and ETFs into its wallet ecosystem. This move allows eligible, primarily non-U.S., users to access traditional financial assets through a familiar crypto-native interface, blending real-world asset exposure with existing crypto holdings like stablecoins and DeFi tools. Ondo Finance, a key player in tokenizing assets like Treasuries and equities, gains a significant distribution channel through Blockchain.com's large user base. The partnership highlights the industry trend of making tokenized assets as accessible as ordinary crypto tokens, targeting global audiences who may face barriers using traditional brokerage services. While the tokenized real-world asset (RWA) market grows increasingly competitive, questions remain around custody, regulation, and market structure. Blockchain.com and Ondo are betting that seamless wallet integration can address these challenges and drive broader adoption.

bitcoinist6 h fa

Blockchain.com Expands Tokenized Stock Access Through Ondo Finance

bitcoinist6 h fa

CPU Makes a Comeback to the Table, A $170 Billion "Power Seizure" Drama Begins

A new era is dawning for the server CPU (Central Processing Unit), driven by the shift from AI model training to large-scale reasoning and the rise of Agentic AI. This article explores how the CPU is reclaiming a central role in the AI data center. For years, the focus has been on the GPU (Graphics Processing Unit) for AI training. However, as AI moves to the inference and Agent phase—where tasks involve complex, multi-step reasoning, tool calls, and data management—the workload balance is flipping. Studies show CPUs now handle over 70% of the workload in Agentic AI, up from 10-30% in training. This is because Agent tasks generate massive intermediate data (KV Cache) that exceeds GPU memory, forcing it to be offloaded to the CPU's larger, more scalable memory pools. This increased importance is translating into market changes. Major players are taking note: NVIDIA launched its first standalone CPU line, Vera, based on ARM architecture and optimized for Agent performance. AMD doubled its server CPU market forecast to over $1200 billion by 2030. Analyst reports project the total server CPU market could reach $1700 billion by 2030, with AI-driven demand being a primary driver. Furthermore, the classic ratio of CPUs to GPUs in AI servers is rapidly changing, converging from 1:8 toward 1:1 for Agent deployments. This surge in demand has led to a rare industry-wide price increase of 10-15% for server CPUs from Intel and AMD, breaking a decade-long trend of "more performance for the same price." Demand is bifurcating into high-core-count CPUs for in-rack GPU support and moderate-core CPUs for standalone Agent task orchestration. In China, this global trend presents an opportunity for domestic CPU manufacturers like Hygon (海光信息) and Huawei Kunpeng, who are bolstered by both growing AI infrastructure needs and national policies promoting technological self-reliance ("xin chuang"). The maturity of their software ecosystems is also accelerating, evidenced by faster adaptation to new AI models. In conclusion, the narrative is shifting from a GPU-centric view to one where CPU-GPU synergy is critical. The CPU is no longer a peripheral component but a performance-defining bottleneck and a key growth driver in the AI hardware stack, opening a massive new market estimated in the hundreds of billions of dollars.

marsbit6 h fa

CPU Makes a Comeback to the Table, A $170 Billion "Power Seizure" Drama Begins

marsbit6 h fa

TechFlow Intelligence: AMD AI Director Publicly Criticizes Claude Code for "Becoming Dumber and Lazier", Trump Claims Full Ceasefire in Hormuz But Strait Still Has 80 Unexploded Mines

TechFlow Intelligence Report: This daily digest covers key developments in AI, crypto, hardware, and geopolitics. In AI, SK Telecom faces US export control scrutiny over its partnership with Anthropic, while a Gemini user reports being misled in a scam scenario, sparking safety debates. China's Z.AI launches the GLM-5.2 model, rivaling Claude Opus without NVIDIA chips. In crypto, Bithumb lists ReProtocol, and Upbit delists KernelDAO. On the hardware front, MIT researchers build a custom OS to study chips, ASML denies US claims its advanced lithography machines are in China, and Amazon considers selling its in-house AI chips. Apple's future A21 Pro chip may use TSMC's latest N2P process. Major tech issues include 10,000 GitHub repositories distributing malware and Apple patching a critical eavesdropping flaw in Beats earbuds. US stocks rise, led by semiconductors, with Intel surging 10.6%, while SpaceX falls 3.5%. Geopolitically, despite a US-Iran deal, the Strait of Hormuz remains risky with ~80 uncleared mines, stalling 80M barrels of oil on standby tankers. Iran postpones Switzerland talks, and Trump calls the agreement an "unconditional surrender." The report highlights a contrast: temporary geopolitical calm versus the ongoing, fundamental restructuring of tech supply chains and chip independence.

marsbit6 h fa

TechFlow Intelligence: AMD AI Director Publicly Criticizes Claude Code for "Becoming Dumber and Lazier", Trump Claims Full Ceasefire in Hormuz But Strait Still Has 80 Unexploded Mines

marsbit6 h fa

Trading

Spot

Futures