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South Korea’s Second-Largest City Aims to Become a Crypto Hub
15.2.2023
South Korea’s second-largest city, Busan, is making efforts to become a crypto hub. Busan has been designated by the Korean government as a “super-aged” city, and its officials believe that crypto could help turn things around by attracting young people, tech startups,...
Busan aims to become a global crypto hub despite aging population
14.2.2023
South Korea rides high on one the best GDP figures of $30,000 per the statement of Bloomberg. However, one city, in particular, is witnessing a silent downfall due to its aging population, where 21% of the people are at least 65 years old. Busan is now looking to turn the tables by attracting...
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
8.2.2023
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities...
Ex-UK Chancellor Philip Hammond Urges Accelerated Efforts to Become Crypto Hub: FT
26.1.2023
Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept "measured risk."
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...
Hong Kong Reaffirms Commitment to Become Regional Crypto Hub
10.1.2023
Hong Kong has reaffirmed its commitment to become a regional crypto hub in following the collapse of cryptocurrency exchange FTX. “As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said a top government...
Hong Kong wants to become crypto hub despite industry crisis
9.1.2023
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3
Hong Kong’s Financial Secretary Doubles Down on Crypto Hub Positioning Despite Crypto Winter
9.1.2023
Paul Chan, Hong Kong's Financial Secretary, said that, despite the ongoing market downturn, the city would continue to work toward becoming a major crypto hub, attracting businesses from across the world.
Chan, the Financial Secretary since 2017, was speaking at a Web3 forum, Bloomberg reported...
HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years
23.12.2022
G-Rocket is aiming to attract 1,000 Web3 start-ups to Hong Kong and will help them with banking, government services and office spaces
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
28.11.2022
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor...
Hong Kong Regulator Calls for Tough Rules Despite Crypto Hub Ambitions
17.11.2022
Julia Leung, deputy CEO of Hong Kong’s Securities and Futures Commission highlighted DeFi as an area in need of regulatory solutions
Hong Kong Wants to Be a Crypto Hub Again
2.11.2022
Hong Kong says it welcomes virtual asset companies, but a lot of details still need to be ironed out
UK Parliament Votes to Recognize Crypto – Will Britain Become a Crypto Hub?
27.10.2022
Lawmakers from the House of Commons, the lower chamber of the British parliament, have voted to recognize cryptocurrencies as a regulated financial instrument in the UK, supporting the crypto’s price increase. The move could mark another step towards establishing the UK as a European crypto...
British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub
25.10.2022
In an exclusive interview with Cointelegraph, U.K. Member of Parliament Dr. Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets
First Mover Asia: Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub
27.9.2022
More than 7,000 people representing over 2,000 companies are scheduled to attend; Hong Kong plays catch-up. Bitcoin rises back over $19K
Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?
26.9.2022
With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry,...
UK economic secretary commits to make country a crypto hub under new PM
8.9.2022
“We want to become the country of choice for those looking to create, innovate and build in the crypto space," said MP Richard Fuller
UK Crypto Hub Goal Continues: Treasury Official
8.9.2022
The U.K. wants to "become the country of choice for those looking to create, innovate and build in the crypto space," the Treasury's Economic Secretary Richard Fuller said in the first Westminster crypto debate on Wednesday
Report: Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead
6.9.2022
The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider...
Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies
4.9.2022
Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms...