China Hong Kong Web 3 partnership, India tax reviews and more star-news.press/wp
Welcome to the MORINING Asia Pacific summary – your primary digestion of encryption developments overnight to form regional markets and global feeling. Get green tea and see this space.
The most prominent events today: Chenthn partners with Hong Kong on the development of the RWA platform, the Indian Tax Authority reviews the encryption regulations amid the exit of the industry, in addition to the emerging developments across the regional markets that drive innovation and policy transformations.
The Hong Kong Web 3 partnership flow
Shenzhen Longgang Data Company has obtained an exclusive main mainland partnership with the Web3.0 Unification Association in Hong Kong. The large state -owned data company will participate in building the first RWA’s RWA platform. This cooperation was official Declare After the launch of the August 7 platform Hong Kong.
The partnership aims to create digital compliance frameworks across the border between China Main Righteousness and Hong Kong. Both parties are planning to create comprehensive services that cover asset verification, trusted storage, and compatible trading. The initiative benefits from the Shenzhen Industrial Corporation along with the international financial situation in Hong Kong.
Cooperation explores a model of three levels: the maintenance of the assets of the mainland, the Hong Kong digital financing, and the compatible global trading. This framework supports the double economic strategy in China, and links local and international markets. The RWA Hong Kong platform is placed as a major player in the development of global finance infrastructure Web3.0.
India reviews the encryption tax framework amid the exit of the industry
India Tax Authority, CBDT, is Consulting Curd platforms on dedicated default creation Asset regulations. Looking for the review that the organizers must oversee the sector, including RBI, Sebi or other agencies. Industry leaders criticize a fixed tax by 30 % and 1 % transaction tax as excessive.
The encryption works that the harsh tax system stifles innovation and prevents the mechanisms of displacement. Banking restrictions under RBI and Fema bases deterred financial institutions from coding customer service. The uncertainty pushes merchants and companies towards friendly judicial states such as Dubai.
Beincrypto Asian coverage
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2025-08-20 03:09:00
