Hong Kong’s government entities promoted its crypto-friendly landscape to Canadian startups at Collision 2024 in Toronto, highlighting favorable regulations and investment opportunities in Web3, fintech, and more.
Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.
The Hong Kong Economic and Trade Office in Toronto , Invest Hong Kong and StartmeupHK co-hosted an event at Collision 2024 in Toronto, highlighting Hong Kong’s crypto-centric landscape., Toronto ETO director Emily Mo underscored existing startup-friendly regulations, such as lower taxes compared to Canada and Hong Kong’s willingness to work with “pre-commercial specialist technology companies.
One such Hong Kong-based cryptocurrency exchange, Gate.HK, said it would relaunch its services after reconstructing its platform to comply with Hong Kong’s regulatory requirements. These requirements include establishing Anti-Money Laundering and Counter-Terrorist Financing measures. The company said:
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