The Hong Kong Digital Asset Score Company (HKVAC) has introduced the outcomes of index changes.
The index changes will take impact on Jan. 19. The HKVAC global massive cryptocurrency index has added Web Pc (ICP), Close to (NEAR), Optimism (OP), Injective (INJ), and Immutable (IMX) whereas eradicating TrueUSD (TUSD), Binance USD (BUSD), Hedera (HBAR), Filecoin (FIL), and MakerDAO (MKR).
The HKVAC global massive cryptocurrency high 5 index and weighted index will add Solana (SOL), replacing Ripple (XRP). The HKVAC Global Giant Cryptocurrency Prime 10 Index and Weighted Index will add Avalanche (AVAX), returning Tron (TRX).
Final time, in October 2023, HKVAC replaced the USD Coin (USDC) with XRP within the HKVAC Cryptocurrency Global Giant Top5 Index. As well as, HBAR, MKR, and Quant (QNT) have been added to the crucial massive market cap cryptocurrency indices, and Cryptonex (CNX), ICP, and HEX tokens have been eliminated.
HKVAC is a Hong Kong digital asset score company. With the assist of influential figures, HKVAC goals to offer a complete illustration of digital belongings in Hong Kong. Nonetheless, there was some skepticism within the Hong Kong neighborhood in regards to the index’s benchmark because of the inclusion of platform tokens, privateness tokens, and quite a few tokens categorised as securities by the U.S. Securities and Change Fee (SEC).
In 2022, Hong Kong introduced its want to grow to be a global crypto hub. The authorities have additionally begun to develop and combine their stablecoin into their financial system, primarily aimed toward enhancing the fee expertise in varied industries and companies. In parallel, the federal government is dedicated to strengthening the coaching of specialists for the Web3 business.