Hong Kong Extends Migrant Policy to Attract DLT and FinTech Professionals

Hong Kong is making waves in the tech world by extending its migrant policy to attract top talent in Distributed Ledger Technology (DLT) and FinTech. The government’s new initiative aims to simplify immigration for highly skilled professionals, reinforcing Hong Kong’s position as a global hub for innovation. The recently published Talent List highlights 11 key fields, including DLT, FinTech, and cybersecurity, where expertise is in high demand. Successful applicants will benefit from the Quality Migrant Admission Scheme (QMAS), which has an annual quota of 1,000 individuals. Matthew Cheung Kin-chung, Hong Kong’s Chief Secretary for Administration, emphasized the importance of this move: “The promulgation of the Talent List is one of our major initiatives to enhance our competitive advantages in attracting international talents, creating cluster effects, stimulating the development of local talents, and propelling Hong Kong forward.” This policy aligns with Hong Kong’s broader efforts to become a leading blockchain and FinTech hub. Recent developments include the launch of a blockchain-based trade finance platform by the Hong Kong Monetary Authority (HKMA) and collaborations with global institutions like the Abu Dhabi Global Market. VeChain’s Price Outlook: A Promising Recovery VeChain (VEN) has been one of the standout performers in the crypto market, recovering strongly from its recent lows. The excitement around the upcoming VeChainThor Blockchain Mainnet launch in June has fueled investor optimism. From a technical perspective, VeChain has broken out of an inverted head and shoulders pattern, signaling a potential rally to 0.00063 Conclusion From Hong Kong’s push to attract tech talent to the recovery of cryptocurrencies like VeChain and Cardano, the tech and crypto landscapes are evolving rapidly. Investors and professionals alike should stay informed and adapt to these dynamic changes. For more insights and updates, subscribe to our blog and join the conversation in the comments below! Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.