Hong Kong lawmaker calls for support of city’s Web3 sector after Tron founder flags fraud

Hong Kong lawmaker calls for support of city’s Web3 sector after Tron founder flags fraud

A Hong Kong lawmaker urged global investors to maintain confidence in the city’s Web3 industry after cryptocurrency mogul Justin Sun denounced alleged “loopholes” in local financial regulations. Hong Kong had “a legal basis and a healthy environment” to protect international investors and the city’s Web3 sector, Legislative Council member Johnny Ng Kit-chong wrote on Thursday…

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Hong Kong lawmaker calls for support of city’s Web3 sector after Tron founder flags fraud

Hong Kong lawmaker calls for support of city’s Web3 sector after Tron founder flags fraud

A Hong Kong lawmaker urged global investors to maintain confidence in the city’s Web3 industry after cryptocurrency mogul Justin Sun denounced alleged “loopholes” in local financial regulations. Hong Kong had “a legal basis and a healthy environment” to protect international investors and the city’s Web3 sector, Legislative Council member Johnny Ng Kit-chong wrote on Thursday…

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Hong Kong passes its first cybersecurity bill covering critical infrastructure

Hong Kong passes its first cybersecurity bill covering critical infrastructure

Hong Kong’s legislature has approved the city’s first bill targeted at cybersecurity for computer systems needed for critical infrastructure, with operators facing fines of up to HK$5 million (US$643,000) for failing to keep them up to date. The Legislative Council on Wednesday passed the Protection of Critical Infrastructure (Computer System) Bill amid a spate of…

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Hong Kong passes its first cybersecurity bill covering critical infrastructure

Hong Kong passes its first cybersecurity bill covering critical infrastructure

Hong Kong’s legislature has approved the city’s first bill targeted at cybersecurity for computer systems needed for critical infrastructure, with operators facing fines of up to HK$5 million (US$643,000) for failing to keep them up to date. The Legislative Council on Wednesday passed the Protection of Critical Infrastructure (Computer System) Bill amid a spate of…

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