[Hong Kong launches "regulatory incubator" to guide banks in adopting blockchain] Golden Finance reported that Hong Kong has set up a "regulatory incubator" to promote banks to properly adopt blockchain technology as the region continues its efforts to become a cryptocurrency center. On Wednesday, the Hong Kong Monetary Authority (the de facto central bank) announced that the incubator aims to help banks manage the risks associated with trialing blockchain or DLT implementations. The Hong Kong Monetary Authority said the incubator will focus on tokenized deposits as the program aims to address potential risks when banks turn to production-related services (such as deposits and loans) that will "span DLT-based and traditional banking infrastructure."