Asia's weekly TOP10 crypto news (July 3 to July 9)
Author:Crescent Editor:Colin Wu 1. Hong Kong’s weekly summary 1.1 Hong Kong Securities and Futures Commission Official Indicates Securities Tokens and RWAs Will Be Updated, Opening Opportunities for Retail Investors link On July 6th, WuBlockChain exclusively learned that Elizabeth Wong, the head of the Financial Technology Group at the Securities and Futures Commission (SFC) in Hong Kong, mentioned during her visit to Eliptic that the SFC is soon planning to release an update that will change the perspective on Security Token Offerings (STOs) from four years ago (2019). Securities Tokens or Real-World Assets (RWAs) will no longer be classified as complex products and may have the opportunity to be accessible to retail investors. RWAs will be regulated based on the underlying assets. Analysts suggest that this could potentially ignite a new wave of enthusiasm for RWAs. 1.2 Hong Kong Financial Secretary: Opening Two New Tracks — Green Finance and Web3 link On July 8th, Financial Secret...