Hong Kong Bitcoin ETF FOMO and Thailand approve $14 billion airdrop: Asia Express

OUR weekly summary of news Since East Asia curators THE industry most important developments.

Hong Kong regulators FOMO in the middle of SECOND Bitcoin Place ETFs approval

Hong Kong Legislative Advice Member Johnny Ng THE Special Administrative Region (DAS) of China has accelerate THE approval of local Bitcoin Place AND F following In THE footprint of THE WE. This week. Ng note THE Securities & Futures contracts Commission (CFS) had previously declared he was ready has accept apps For Bitcoin ETF:

"I hope that with THE fast development And high competition of virtual assets, Hong Kong can to input A seat In THE world as Soon as possible. This will be THE First of all opportunity has implement relevant Strategies And some products In Asia And consolidate Hong Kong opportunity has become A global center For virtual assets. »

Ng Also spoke of THE need has "to strenghten popular education on virtual assets" has improve awareness And mitigate scams. Hong Kong has experimented THE the biggest financial scams In It is history last year with THE collapse of without license crypto Exchanges JPEX And Hounax.

In A separated interview on January ten, Livio Weng, COO of Sharp touch Band, that ten financial services companies are Currently preparing apps For A Bitcoin Place ETFs SEO In Hong Kong. THE SFC green light paths For THE approval of such apps In December 2023. Bitcoin Futures contracts ETFs, including A issued by Samsung, to have has been around on Hong Kong Exchanges For a few time.

Wemix Russian mountains to start has 2024

South Korean game giant Wemix has had enough THE Russian mountains to start has 2024.

On January 9, developers of THE $2.65 billion Wemix blockchain they would be stop block struck rewards by T1 2024. Currently, WEMIX tokens possess A inflation rate of 3.15% by year. Instead of new token shows, they will instead encourage ecosystem protocols using WEMIX tokens Already detained by THE foundations digital wallets. Combined with A token burn mechanism For gas costs spent on THE protocol, Wemix said that THE new move will transform THE network In A deflationary blockchain:

"HAS further solidify THE fundamentals And practical aspects of WEMIX tokenomics, THE foundation has decided has cease block struck rewards. This Effectively means that THE total provide of WEMIX will either stay fixed Or be reduced Since THE block height In which THE stop of block struck rewards East implemented. »

Developers claim THE new incentive model can be supported For "approximately 20 years." We have done, THE parent entity of Wemix, East THE Creator of THE popular Legend of Mir series And Mir 4, released In 2021, was THE most successful blockchain game has THE time.

In A unconnected development, We have done on January 3 that he of 53.7 billion won ($41 million) In taxes has South Korean authorities related has THE emission of Wemix tokens Since 2019 has 2022. We have done explain that THE tax would be be paid by THE deadline of FEBRUARY 29.

In November 2022, Wemix tokens A Single day After several Korean exchange radiation, in the middle of accusations THE farm provided "FAKE information" In answer has A investment warning he was issued.

"THE WEMIX team do not recognize Or accept with THE unreasonable decision do by THE Digital Active exchange Alliance (DAXA)”, developers In answer has THE radiation has THE time. Initial piece of money offerings are Currently In South Korea, although a few attempts to have has been do For legislative reform.

A We have done Web3 game. (We did)

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