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

Asia’s Crypto Horizon: Hong Kong Investors Eye Digital Assets, Japan Considers New Regulations

Wealthy investors in Hong Kong are increasingly looking to allocate capital towards cryptocurrencies. A recent survey indicates a strong intent among this demographic to enter the digital asset market within the coming year.

Hong Kong’s Affluent Embrace Crypto

According to a study cited by local media, nearly 80% of affluent individuals in Hong Kong plan to invest in digital assets over the next year. Furthermore, over 30% already have some exposure to cryptocurrencies. This survey included over 500 participants, each possessing at least 1 million Hong Kong dollars (approximately $128,650) in liquid assets. This suggests a significant and growing interest in the crypto space among the region’s wealthy.

Adding to this evolving landscape, Standard Chartered Hong Kong is reportedly preparing to launch trading services for crypto exchange-traded funds (ETFs) in November. This development could provide more accessible avenues for investors to engage with digital assets.

Japan’s Potential Shift in Crypto Policy

Meanwhile, Japan is reportedly considering a policy change that would permit banks to hold Bitcoin. This move could significantly alter the institutional landscape for cryptocurrency in the country, potentially fostering greater adoption and integration of digital assets within the traditional financial system. These developments across Asia highlight a dynamic and evolving regulatory and investment environment for cryptocurrencies.