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Giorno: 6 giugno 2024 | Ora : 14:26 La presidente della Securities and Futures Commission di Hong Kong, Julia Leung, afferma che Bitcoin dimostra chiaramente la sua capacità di rimanere come "asset alternativo". Nonostante lo scetticismo dei banchieri centrali ed economisti, Leung sostiene che Bitcoin ha sopravvissuto a molteplici cicli di "boom and bust" negli ultimi 15 anni, dimostrando di avere una resistenza come asset alternativo. Tuttavia, Leung sostiene di essere più interessata alla tecnologia sottostante di Bitcoin, il registro distribuito, che alla criptovaluta stessa. Inoltre, Leung ha parlato delle non-fungible tokens (NFTs), affermando che, sebbene possano sembrare una moda, la tecnologia alla base è sempre più utilizzata negli asset reali. Riconosce che, per realizzare appieno i benefici finanziari della tokenizzazione, è necessario un notevole sviluppo delle reti blockchain e un'interoperabilità tra le istituzioni finanziarie e i confini. Hong Kong si sta posizionando come un centro friendly per le criptovalute, ma allo stesso tempo sta prendendo una posizione rigorosa nei confronti degli exchange non autorizzati.

The President of the Securities and Futures Commission of Hong Kong, Julia Leung, asserts that Bitcoin clearly demonstrates its ability to remain as an "alternative asset." Despite skepticism from central bankers and economists, Leung argues that Bitcoin has survived multiple boom and bust cycles in the past 15 years, showing resilience as an alternative asset. However, Leung states that she is more interested in the underlying technology of Bitcoin, the distributed ledger, than the cryptocurrency itself. Additionally, Leung spoke about non-fungible tokens (NFTs), stating that while they may seem like a fad, the underlying technology is increasingly being utilized in real assets. She acknowledges that realizing the full financial benefits of tokenization requires significant development in blockchain networks and interoperability between financial institutions and borders. Hong Kong is positioning itself as a crypto-friendly hub but is also taking a strict stance against unauthorized exchanges.


Hong Kong’s Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power to stay as an “alternative asset.”

Bitcoin, the largest crypto by market capitalization, is here to stay as it succeeded over the past 15 years to survive multiple cycles of “boom and bust,” Hong Kong’s Securities and Futures Commission (SFC) chief Julia Leung says.

Speaking at the Greenwich Economic Forum, the SFC boss Leung acknowledged the prevailing skepticism among central bankers and economists regarding the intrinsic value of cryptocurrencies.

Yet, Leung underscored the fact that over the past 15 years, Bitcoin “has survived multiple cycles of boom and bust, clearly showing its staying power as an alternative asset,” though she had to point out that her support leans more towards Bitcoin’s underlying technology — distributed ledger (DLT) — rather than the cryptocurrency itself.

“The potential benefits of DLT are plain to see. It has the potential to enhance efficiency and lower costs in the distribution, clearing, settlement, and custody of real-world assets.”

Julia Leung

The SFC head also addressed the hype around non-fungible tokens (NFTs), saying that while digital collectibles “may be a fad,” the enabling technology is being “increasingly used in real-world assets.” As per Leung, tokenization may bring about “wider financial inclusion, fractionalization, custody and ownership, all on chain.”

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However, Leung admitted that the full realization of these benefits in the financial sector would require significant advancements to be made. She particularly noted the necessity for blockchain networks to scale up and mature, emphasizing the importance of interoperability across distributed networks among financial institutions and across borders.

Hong Kong’s positive stance towards cryptocurrencies is evident as the region aims to position itself as a crypto-friendly hub, highlighted by the recent approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, despite this progress, authorities appear to be taking a tough stance towards unlicensed crypto exchanges, threatening to shut down all unlicensed crypto exchanges in the region.

Read more: Hong Kong SFC to carry out onsite inspections for crypto license applicants