#hong kong
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Bloomberg: Singapore Becomes the World’s Leading Digital Hub
Singapore and Hong Kong have long competed to establish themselves as global hubs for digital assets. Both financial centers have introduced regulatory sandboxes, tokenization initiatives, and legal frameworks to attract crypto companies. Now, one city has emerged as the clear leader.
Neo's Latest Endeavor: Developing an EVM Sidechain
Founded in 2014, Neo is actively pursuing the creation of a sidechain to bolster compatibility with Ethereum-based dApps, ensuring seamless integration with its N3 network. Neo's founder, Da Hongfei, shared this exciting update during an event in Hong Kong. 
Hong Kong Gears Up for Stablecoin Legislation
In a span of two months, the Hong Kong Monetary Authority (HKMA) collected 108 responses from industry players and financial institutions about regulations for fiat-referenced stablecoins. Government officials see these assets as the most promising, which is why the new bill will focus on them. BitForex's Supposed Hong Kong Offices Are Nothing But Facades
The purported Hong Kong offices of the cryptocurrency exchange BitForex, which has recently restricted users' ability to withdraw funds, have been exposed as nothing more than vacant units situated in both industrial and tourist districts. This revelation comes from DLNews journalist Callan Quinn, who personally inspected each address provided on the company's official web pages. 
