Hong Kong court serves tokenized legal notice to illicit Tron wallets
Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets.
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Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets.
The initiative will initially focus on tokenized deposits with the HKMA providing support for trials to local banks.
Politicians in Germany and Hong Kong have signaled their interest in adopting strategic Bitcoin reserves for their nations.
A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.
The proposed bill includes specified licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protection.
A composite index by ApeX Protocol ranked the most blockchain-friendly regions based on patents, jobs, and crypto exchanges.
The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
“Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely,” Ivan Ivanov told Cointelegraph.
The companies indicated plans to expand their partnership to the United Kingdom and other European countries in the coming months.
Hong Kong’s move to exempt crypto gains from taxes targets hedge funds and family offices, boosting its competitiveness.
