DEFINIS

DEFINIS is a digital assets institution connecting Web3 and TradFi. We expertise in real time stable coin to fiat swap between blockchains and financial system.

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China's shift in focus on Web3 is part of a move to decrease dependency on U.S. tech and its currency, aligning with the nation's de-dollarization strategy.

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Hong Kong has been adamantly pushing to become a crypto hub.

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Hong Kong’s crypto surge is strategic shift against U.S. tech dominance

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A time frame of 2 years to setup guidelines on development of Web3 in Hong Kong was given to the established 15 members task force on promoting Web3 development, indication?

[DEFINIS @DEFINIS_Web3]

China's shift in focus on Web3 is part of a move to decrease dependency on U.S. tech and its currency, aligning with the nation's de-dollarization strategy.

[DEFINIS @DEFINIS_Web3]

Hong Kong’s crypto surge is strategic shift against U.S. tech dominance

[DEFINIS @DEFINIS_Web3]

Japanese banks prepare to launch stablecoin - Japan’s stablecoin law, one of the first countries among major economies, became operative on June 1, 2023.

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Fantastic opportunity for the entire DEFINIS team to attend and greet many fellow payment gateway in the IFX Expo in Bangkok.
#paymentgateway #fiat #definis #stablecoin

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We apologize for any inconvenience caused to you. Meanwhile, our other services are still available and please contact us if you have any question or need any clarification.

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Following by the new rule under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 regarding Virtual Assets Service Provider ("VASP"), we are preparing our application to the Securities and Futures Commission for the VASP licence.

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we can contribute to the establishment of a secure and sustainable virtual assets industry in Hong Kong.

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This suspension of service has been undertaken proactively to ensure full compliance and uphold the highest standards of integrity. We believe that by adhering to the legal requirements and closely monitoring the regulatory landscape,

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we will temporarily suspend our virtual assets related services with effective from 1 June 2023, until further notice.

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In order to fully complying with the new legal framework, seeking further legal advices about our status of "operators of VA Exchanges carrying on business in Hong Kong before 1 June 2023" and focusing on the licence application works,

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Have you read our latest take on the new hong kong crypto regulations- what it means for us and the future of hong kong? Click our link to our medium article below.

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https://t.co/NSDJDMulvf

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Silvergate Stock Drops Over 50% as Crypto Clients Flee Beleaguered Bank.

The vast majority of crypto-friendly Silvergate Bank's industry clients have left within a day after it announced it would have to review its books with its auditors and warned of several headwinds.

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-With the recent extended support for virtual assets since October in Hong Kong now enhanced with the new licensing regime and consultation, positive news is sparking everywhere.

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Hong Kong is finally on its route in becoming a crypto hub in Asia.🇭🇰

In case you didn't know yet...the new licensing regime for centralised virtual asset trading platforms trading non- security tokens will come into effect on 1/6 2023 in Hong Kong.

Indications? Read below.

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-It can be assumed that the Western market and participants will also pay more attention to the development of the Eastern Web3 market this year. Starting in HK.

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Anti-Money Laundering/counter-financing of terrorism and prevention of market misconduct.

-Next Bull Run? Hong Kong’s pivot could also open up a conduit to mainland Chinese investment if Beijing one day loosens the ban on most things crypto on the mainland.