Hong Kong to Launch Blockchain Exchange with Smart Contracts Support
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Hong Kong Stock Exchange (HKEX) is planning to develop a pilot of a blockchain-based trading platform "Diamond" until the end of 2022, AAStocks.com reports.

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According to Glenda So, HKEX's Co-Head of Markets, the exchange will leverage such technologies as smart contracts, blockchain and cloud computation. This set of features will reportedly provide point-to-point and one-stop trading of various categories of assets, but this does not apply to cryptocurrencies.

Hong Kong to Restrict Crypto Exchanges to Non-Pro Traders

So noted that initially, the exchange will list ESG-related products only. There is no plan so far to include cryptocurrency to the financial products which will be available on the platform, she added.

In February, the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) listed non-fungible tokens (NFTs) and the metaverse among key security threats for Hong Kong in 2022. While cryptocurrencies continue to grow in price, scammers are also keep improving methods to steal sensitive information or access accounts to hijack money, the regulator added.

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