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Hong Kong’s Crypto Hub Dream Realized as 80 Firms Plan Entry into City
- Hong Kong has made significant regulatory changes to welcome firms operating with âVirtual Assets.â
- It has been revealed that around 80 crypto firms are now exploring moving to the region to take advantage of the friendly environment.
- Hong Kong is focusing on rules for Stablecoins and ETFs. It is also looking to collaborate with Mainland China.
Hong Kong has set out to become a crypto-friendly landing spot for companies in the Web3, blockchain, and crypto space. The Special Administrative Region is bringing forward clear, fair, and attractive legislation to crypto businesses.
As part of the pivot to attract crypto business to the region, the Secretary for Financial Services and the Treasury, Christian Hui, announced that Hong Kong has attracted interest from various crypto firms globally since October 2022.
Hui gave…
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