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ETH $2,317.51 -0.09%
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SOL $86.28 +0.43%
TRX $0.3230 -1.54%
DOGE $0.0985 +0.75%
ADA $0.2511 -0.02%
BCH $455.32 -1.00%
LINK $9.42 +0.54%
HYPE $41.20 -0.18%
AAVE $94.88 +0.51%
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XLM $0.1729 -1.11%
ZEC $357.21 +4.64%

ecosystem

first_img HK Web3 Feastival Roundtable: Balancing Regulation and Innovation to Co-build a Sustainable Digital Financial Ecosystem in Asia

ChainCatcher reported live that Li Guoquan, Dean of the Global Fintech Academy, Hong Kong Legislative Council member (Technology and Innovation Sector) Kenneth Lau, Chief Public Mission Officer of Hong Kong Cyberport, Chan Sze Yuen, and Executive Director of the Japan Virtual Currency Exchange Association (JVCEA) & Japan Crypto Asset Business Association, Koji Takeda, attended the HK Web3 Feastival roundtable discussion, focusing on "Balancing Regulation and Innovation to Co-build a Sustainable Asian Digital Financial Ecosystem."Kenneth Lau stated that the legislative process has been significantly advanced, and he hopes to see innovation-driven developments next, exploring how to leave space for new products and business models while improving the regulatory framework. He cited the startup exemption mechanism in U.S. legislation as an example, emphasizing the importance of a nurturing environment for innovation. He also pointed out that the Hong Kong stock market currently does not allow for a market maker system, and the liquidity provision rules in virtual asset trading will be addressed in legislative discussions within the year. Regarding prediction markets, he personally believes that Hong Kong currently does not have the conditions to open them.Chan Sze Yuen introduced that Cyberport launched a pilot subsidy program for blockchain and digital assets last year, with nine projects participating, more than half of which involve RWA tokenization, aiming to promote projects from proof of concept to commercialization. He stated that Cyberport has gathered over 300 Web3 companies from 19 countries and regions, emphasizing that trusted digital identity (KYC/AML compliance) is the foundation for scaling RWA and payment projects, while secondary market liquidity determines whether tokenized assets can become real market products.Koji Takeda revealed that the Financial Services Agency (FSA) of Japan submitted a new bill to the Diet on April 10, proposing to move the regulation of crypto assets from the Financial Services Act to the Financial Instruments and Exchange Act, which means the government officially recognizes the investment attributes of crypto assets, marking a significant shift. He also pointed out that Japan had previously seen over 200 companies relocate to places like Singapore due to strict regulations, but recently, through adjustments to corporate tax systems and discussions on personal crypto tax reforms, companies are gradually returning.Host Li Guoquan summarized that the various jurisdictions in Asia are not in competition but are part of the same ecosystem. Excessive compliance costs may push quality institutions into gray areas, and how to lower compliance thresholds in regulatory dialogues and promote responsible innovation is a common challenge facing the Asian digital financial ecosystem.

Infographic: Crypto.com’s 25 Web3 Business Partners: Full-stack Expansion from Payment Infrastructure to Brand Ecosystem

The Web3 asset data platform RootData has outlined the business partners of Crypto.com. Its strategy goes beyond exchange expansion, advancing through multiple paths such as payments, custody, and brand collaborations, aiming to create a comprehensive digital asset platform covering both institutional and consumer ends.Payment Infrastructure: Crypto.com has integrated with Stripe, Mastercard, Yuno, TripleA, Lynq, etc., covering the complete link from checkout crypto payments to institutional-level real-time clearing.Institutional Trading and Custody: VerifiedX has entrusted Crypto.com with institutional custody for its $1.5 billion digital assets; CoinRoutes provides smart order routing, CryptoStruct connects high-frequency trading, and Doblox offers AI trading terminals.Corporate Crypto Treasury: Crypto.com collaborates with several Nasdaq-listed companies executing treasury strategies, including SOL Strategies, Sharps Technology, and IP Strategy.On the brand side, Crypto.com has formed deep ties with top sports IPs—renewing its partnership with F1 until 2030 and sponsoring the Miami Grand Prix, as well as UEFA Champions League, UFC, NBA Philadelphia 76ers, AFL, and South American CONMEBOL; the long-term partnership with the LeBron James Family Foundation marks an extension of its brand collaboration into the celebrity family philanthropy sector.Additionally, Crypto.com has signed collaborations in the Middle East with Dubai Islamic Bank, DMCC, e& money, Tawasal Al Khaleej super app, and Emarat gas station network, becoming an important participant in the local digital asset compliance ecosystem. Related compilation: 【Crypto.com Web3 Partner Network Compilation (Continuously Updated)】Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple issues of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the 【RootData 2026 Industry Ecosystem Mapping】 form to supplement your important clients and partners.

Nominee for the Governor of the Bank of Korea: CBDC and deposit tokens should become the core of the digital currency ecosystem

According to a report by the Korea Herald, the nominee for the governor of the Bank of Korea, Shin Hyun-sung, stated in a written response during a personnel hearing at the National Assembly that central bank digital currency (CBDC) and commercial bank deposit tokens based on its issuance should become the core of the digital currency ecosystem. Shin Hyun-sung expressed basic support for the introduction of a Korean won stablecoin but emphasized that maintaining trust in the currency is the most important.Regarding the issuing entity of the Korean won stablecoin, he believes that South Korea is not a reserve currency country, and compliance capability is crucial. Therefore, he suggested prioritizing the issuance by a bank-centered alliance, allowing non-bank institutions to participate, and gradually expanding later. Shin Hyun-sung holds a cautious attitude towards the claim that stablecoins can enhance foreign exchange trading efficiency, believing that it is still unclear whether blockchain can comply with capital and foreign exchange regulations. He also stated that crypto assets, including stablecoins, have failed to meet the core functions of currency such as a measure of value, medium of exchange, and store of value, asserting that crypto assets cannot replace fiat currency.
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