What Is Finternet? Hong Kong’s New Push at Fintech Week

Hong Kong Fintech Week opened this week. The Hong Kong Monetary Authority clarified its stance on crypto. The regulator supports the BIS' Finternet vision. Hong Kong has made bold moves in the crypto space, aiming to attract Web3 talent and capital. From granting more exchange licenses to introducing benchmark BTC and ETH pricing on the HK Stock Exchange, the region has signaled strong support for the digital asset industry and its growth potential. However, during Hong Kong Fintech Week, Hong Kong Monetary Authority’s (HKMA) chief executive Eddie Yue clarified that regulators’ main focus would be on “Finternet,” a framework

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