Hong Kong has recently implemented a new policy regarding cryptocurrencies. The policy aims to regulate the operation of cryptocurrency exchanges and protect investors’ interests. This policy includes several measures, such as requiring exchanges to be licensed and registered with the Securities and Futures Commission (SFC) and implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

The first measure of the policy requires cryptocurrency exchanges to be licensed and registered with the SFC. This means that any exchange operating in Hong Kong must obtain a license from the SFC and follow the regulations set forth by the commission. The SFC is responsible for overseeing the operation of exchanges to ensure they are operating in compliance with the law.

The second measure of the policy is the implementation of KYC and AML policies. These policies require exchanges to verify the identity of their customers and implement measures to prevent money laundering. These policies are aimed at preventing the use of cryptocurrencies for illegal activities such as terrorist financing, money laundering, and tax evasion.

The new policy also requires exchanges to have adequate measures in place to protect investors’ interests, including measures to ensure the security of their funds and to disclose any potential risks to investors. These measures are designed to provide investors with greater confidence in the operation of cryptocurrency exchanges and protect them from potential losses.

Overall, the new policy of Hong Kong on cryptocurrencies is aimed at regulating the operation of cryptocurrency exchanges to ensure they are operating in compliance with the law and to protect investors’ interests. The implementation of KYC and AML policies and the requirement for exchanges to be licensed and registered with the SFC are key measures in achieving this goal. By regulating the operation of cryptocurrency exchanges, Hong Kong aims to create a safer and more stable environment for cryptocurrency trading and investment.

With the relaxed market, Hong Kong has attracted more capital attention and some of the best companies are growing rapidly.

Animoca Brands

As a trailblazer in digital entertainment, blockchain technology, and gamification, Animoca Brands is committed to promoting digital property rights and constructing an open metaverse through NFT and gaming. As a prominent player in the chain game industry, Animoca Brands has enjoyed a successful 2022, having completed three rounds of funding, two of which raised over $100 million, and investing in nearly 70 companies, including Liqiwid, a lending agreement, Foragers and Fighters, a game, Wanderers, an NFT project, and various other metaverse games, which have always been at the core of Animoca Brands’ investment portfolio. Games accounted for more than 60% of all its investments in 2022.

As a gaming metaverse behemoth, Animoca Brands not only prioritizes developing blockchain games but also invests heavily in various open and digital metaverse platforms. Animoca Brands firmly believes that gamers will drive the metaverse’s popularity, given their familiarity with virtual worlds and commodities, as well as their experience in the gaming world’s original virtual world. By the end of 2022, Animoca’s portfolio comprised over 380 companies, including more than 170 investments in NFT-related companies and decentralized projects. These projects contribute to building an open metaverse and include Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and many others.

Kenetic Capital

Kenetic Capital is a proprietary trading and venture capital firm headquartered in Hong Kong, specializing in digital assets and blockchain-related companies. Its founder, Jehan Chu, began investing in cryptocurrencies in 2013 and has since invested in and backed over 230 projects. Kenetic believes that companies developing blockchain solutions in data, infrastructure, enterprise, trade, and finance will be the cornerstone of the next generation of technology. The firm began investing in early-stage blockchain and crypto in 2016 and has built a portfolio that includes Ether, Solana, Algorand, Polkadot, Near, FLare, BlockFi, Alchemy, IoTeX, and other notable crypto projects.

In addition to infrastructure development in the blockchain industry, Jehan Chu, a former Sotheby’s employee, is also optimistic about the potential of NFT technology. Kenetic has invested in NFT projects such as Metakey, a digital asset and NFT company Ioconic, NFT marketplace DoinGud, and NFT technology company CXIP Labs.

Our main focus today is on Hash Blockchain Limited, which is currently one of two fully licensed compliant exchanges in Hong Kong.

HashKey Capital

With over $1 billion in assets under management, HashKey Capital is a global asset manager that specializes in investing in blockchain technology and digital assets. As one of the most prominent and influential blockchain investors in Asia, and one of the earliest institutional investors in ethereum, HashKey Capital takes a leading role in bridging Web2 and Web3 to construct a sustainable blockchain ecosystem in collaboration with entrepreneurs, investors, communities, and regulators. The company, headquartered in Hong Kong and with locations in Singapore, Japan, and the US, has been the first to invest in more than 500 global portfolio companies in infrastructure, tools, and applications with potential for mass adoption.

On January 17th of this year, HashKey Capital announced the successful completion of its third fund, HashKey Fintech Investment Fund III (the “Third Fund”), which raised $500 million in new funds. The HashKey Capital III Fund, together with its affiliates (collectively referred to as the “HashKey Group”), received robust support from institutional investors, including sovereign wealth funds, large corporations, and family offices. According to the report, the three-stage fund aims to identify high-performing crypto and blockchain projects worldwide while focusing on growing emerging market opportunities.

HashKey Pro is a complete digital asset trading platform that operates as a member of the HashKey Group, a company specializing in digital assets. The platform is guided by principles of fairness and impartiality, and ensures strict compliance with regulations, technology development, and risk management measures. With a focus on delivering a seamless user experience, HashKey Pro is dedicated to providing secure, efficient, and reliable asset services to both individual and institutional investors worldwide.

When policies permit, we anticipate that teams such as HashKey Pro, equipped with the necessary expertise and technology, will swiftly advance the progress of the blockchain exchange industry. Consequently, we can expect to see substantial enhancements to the exchange ecosystem and the wider blockchain industry.

Meta-luban congratulated the official launch of HashKey Pro exchange on March 3, and “Yang Zhenjun meta luban congratulated the launch of HashKey Pro exchange” was engraved on the eth and left a record on the chain.

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