DeFi KYC: Not an issue as ‘99% have nothing to hide,’ industry execs say

DeFi execs at a WOW Summit panel argued that implementing “Know Your Customer” (KYC) measures will tackle the “biggest issue” in decentralized finance (DeFi), which is hackers laundering millions of stolen funds into “clean money.” During a panel session at the World of Web3 Summit (WOW) in Hong Kong on March 29, titled ‘Blockchain Security [...]

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Rising As A Crypto Haven: Hong Kong Attracts 80+ Firms Set To Establish Presence In

Hong Kong is gaining traction as a Web3 hub, with over 80 crypto asset-related companies expressing their interest in establishing a presence in the region, according to an official press release. These companies are from various parts of the world, including mainland China and foreign nations. These include blockchain infrastructure, crypto exchanges, blockchain network security […]

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Hong Kong Entity Spearheads Crypto & Blockchain Acceleration

Paul Chan, the financial secretary for Hong Kong, said that over 150 Web 3.0 firms have registered at Cyberport, a government-backed technology business park, in the past year. In a blog post, Chan wrote that his department has dished out HK$50 million or $6.4 million to attract Web3 firms and promote the development of the […]

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