Hong Kong sees biggest uptick in cryptocurrency activity in East Asia, new report finds

Quick Summary:

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.

The latest rankings reflect how Hong Kong has managed to make the city’s virtual-asset market attractive via “regulatory clarity”, which has helped guard against risks to retail investors.

Its index measures activities across several types of cryptocurrency services, including centralised exchanges and decentralised protocols.

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Article Details

Author / Journalist: Xinmei Shen

Category: Business

Markets: Hong KongChinaSouth Korea

Topics: Research According Cryptocurrency Chainalysis Virtual-asset East City’s Kong Asia Hong Seen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 08:00:19 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 211 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22572368

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