Stepn Sets Up HQ in Hong Kong-backed Startup Accelerator Grabowska
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Sept. 5, 2022

STEPN, a cryptocurrency-focused fitness app that rewards for physical activity, has set up its first regional headquarter in Hong Kong-backed startup accelerator called Cyberport.

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In an interview with the South China Morning Post, STEPN Co-Founder, Jerry Huang, said that the company won't require force staff members to relocate, as many are based around the world, but plans to offer relocation to core team members. Besides STEPN, Animoca Brands is also located in Cyberport. So far, the government incubator has around 800 startups located on site.

Hong Kong Financial Watchdog Warns Against NFTs

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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