Hong Kong continues to make moves towards the use of crypto assets. HKVAC, one of the country’s rating agencies, has added 30 more altcoin projects to its digital asset index.
The altcoin projects specified by the Hong Kong Virtual Asset Consortium (HKVAC) to meet the criteria are:
Previously, Bitcoin (BTC), Ethereum (ETH), and some stablecoin projects were considered digital assets that fit these criteria.
HKVAC is known as a consortium that includes some cryptocurrency exchanges and lawmakers. Although the consortium does not have an official role as a regulatory agency in the country, it is known that it is working to enable digital assets to be traded in the region.
The institution describes its mission as making Hong Kong the world’s largest and safest digital asset market.