The Hong Kong tech news snapshot for May 2023 captured items including metaverse and NFT developments driven by Animoca Brands; the city’s headaches with cyber-scams; possible EU sanctions on HK companies involved in Russia’s war on Ukraine; and more.
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- Hong Kong: CMCC Global VC firm to launch $100M fund to back startups focused on blockchain projects across Asia
- Hong Kong: Artifact Labs NFT and digital asset firm gains $3.25M in part from Animoca Ventures, with minting on multiple chains and sights on developing its own blockchain-based market infrastructure
- Hong Kong: Liminal digital wallet infrastructure and asset custodial services firm gains TCSP Licence from HK Companies Registry, confirming regulatory compliance
- Hong Kong: 1,408 victims collectively lost HK$26.1M from January to March this year to phishing and other cyber-scams
- Hong Kong: Amazon Web Services partners The Hang Seng University of Hong Kong to establish Cloud Innovation School
- ICYMI: European Union proposes sanctions on companies from China and Hong Kong selling equipment that could be used in weapons to support Russia’s invasion of Ukraine
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