KPMG: Major financial hubs such as Hong Kong place greater emphasis on developing and launching virtual currencies and RWA tokens

According to Hong Kong's Wen Wei Po, KPMG released its "Fintech Trends" report yesterday, which showed that in the first half of the year, a total of 438 transactions were recorded in the Asia Pacific region for fintech, raising a total of 3.8 billion US dollars. In the first half of the year, a total of 438 transactions were recorded in the Asia Pacific region for fintech, raising a total of 3.8 billion US dollars. During the period, China's fintech fundraising amounted to 624 million US dollars, accounting for 16% of the Asia Pacific region. Consumer finance and lending companies accounted for over half of the first quarter's transaction volume. The Asia Pacific region places greater emphasis on the development and launch of virtual currencies and real-world asset tokens. Major financial hubs such as Hong Kong, Singapore, and Japan are committed to balancing innovation and regulation, while continuing to explore and approve activities that integrate traditional finance with decentralized finance while protecting investor rights. The Hong Kong government is actively developing cryptocurrency regulation to support cryptocurrency trading and other related activities. In the first half of 2024, the Hong Kong Monetary Authority launched the second phase of the e-HKD pilot program, attracting cryptocurrency companies and enhancing the financial ecosystem of Hong Kong through various measures, promoting the development of Hong Kong into an international virtual asset center.