Huobi Joins HKVAC: Fueling Hong Kong’s Web3 Hub Ambition

Summary of the Article

  • Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC).
  • By joining HKVAC, Huobi aims to develop a venture capital database that caters to the needs of the market, actively engage in educating the public about crypto investments.
  • HKVAC was established primarily to enhance the industry’s capabilities in security risk management and to assist the Central Government and Hong Kong’s local authorities in building a world-leading hub for virtual asset and digital finance.

Huobi Joins HKVAC as First Member

Huobi announced that it has become the first member of Hong Kong Virtual Asset Consortium (HKVAC). Joining this organization is part of Huobi’s commitment to supporting Hong Kong in its efforts to become a global Web3 hub. Through its venture capital database, Huobi aims to provide an efficient service for Hong Kong traders.

Objectives of HKVAC

The primary objective of HKVAC is to enhance the industry’s capabilities in security risk management and assist Central Government and local authorities in building a world-leading hub for virtual asset and digital finance. It also commits itself to creating a safe, open and transparent environment for crypto asset investments under new regulations. In addition, it intends to promote public acceptance and recognition of crypto assets by helping them gain systematic, correct knowledge about crypto investments.

Benefits From Huobi’s Membership

With Huobi’s membership on board, HKVAC seeks to strengthen its capabilities even further with an improved venture capital database that caters specifically to traders from Hong Kong. At the same time, HKVAC will benefit from having access to Huobi’s resources such as its trading platform which provides one-stop services for crypto asset trading. In essence, this partnership will benefit both parties involved by increasing their reach into each other’s respective markets while at the same time enhancing safety measures within those markets.

Conclusion

In conclusion, through this partnership between Huobi and HKVAC both parties stand benefit significantly from increased reach into each other’s respective markets while at the same time enhancing safety measures within those markets. Ultimately, with Huobi Hong Kong (Huobi HK) as the pivot point this collaboration will help foster growth in both organizations while also contributing towards Hong Kong’s ambition of becoming a global Web3 hub.