SHIB and XRP are also on the list: Hong Kong HKVAC Crypto Index Announced!

0

The Hong Kong Virtual Assets Consortium (HKVAC), a rating agency focused on assessing the reliability of crypto assets and exchanges, has announced its new cryptocurrency index, which includes 30 coins.

Colin Wu, China’s leading cryptocurrency researcher, shared a post today. in the tweet attracted the attention of the public to the development in question.

The primary purpose of HKVAC is to provide investors and regulators with a reliable reference point on the performance of digital assets and the associated risks. Interestingly, HKVAC did not include Solana (SOL) in the index, confusing investors.

In addition, HKVAC uses a hybrid approach that combines both data-driven and expert-driven methodologies to determine risk rating.

The decision to include the Shiba Inu in the index expresses SHIB’s growing importance in the cryptocurrency ecosystem. Furthermore, HKVAC’s choice to add XRP to the index shows that international organizations have different perspectives on the securities status of this digital asset.

HKVAC’s Crypto Mission

This new index of HKVAC aims to help investors and users make more informed decisions by providing a benchmark of standardization and reliability in the industry. When investing in digital currencies or trading on crypto exchanges, security and reliability are an important factor and HKVAC’s index can be the guide.

Founded in May 2023, HKVAC is committed to improving transparency and accountability in the virtual asset trading market while providing educational resources to the public about crypto investments.

In addition, HKVAC strives to support Hong Kong’s aspiration to become a leading global hub for Web3 technologies by facilitating the implementation of Web3 infrastructure.

You can follow the current price action here.

Source : the crypto basic


source site-7