Most wealthy Hong Kong investors plan to buy crypto, Japan’

Asian Financial Centers Embrace Digital Assets

Wealthy investors in Hong Kong are increasingly looking to enter the cryptocurrency market. A recent survey indicates a strong intent to invest in digital assets throughout the year.

Hong Kong’s High-Net-Worth Individuals Eye Crypto

According to a study cited by local outlet Ming Pao, nearly 80% of affluent investors in Hong Kong plan to acquire digital assets within the next year. Furthermore, over 30% already have some exposure to cryptocurrencies. This survey included more than 500 participants, each possessing at least 1 million Hong Kong dollars (approximately $128,650 USD) in liquid assets.

Adding to this trend, Standard Chartered Hong Kong is reportedly preparing to roll out trading services for crypto exchange-traded funds (ETFs) in November.

Japan Considers New Bitcoin Regulations

Meanwhile, Japan is reportedly moving towards allowing banks to hold Bitcoin. This development could signal a significant shift in how traditional financial institutions interact with digital currencies in the country.