Hong Kong wants to become crypto hub despite industry crisis
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3. The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse. According to Hong Kong’s financial secretary Paul Chan, the local government and regulators are open to collaboration with crypto and fintech startups in 2023. Speaking at an event hosted by the state-run incubator Cyberport, Chan declared that Hong Kong has become a foundation connecting high quality virtual asset firms, the public broadcasting service Radio Television Hong Kong (RTHK) reported on Jan. 9. Financial Secretary Paul Chan Mo-po. Source: RTHK The financial secretary said that the Hong Kong government has received lots of requests to set up global headquarters in Hong Kong from crypto-related firms over the past two months. A lot of industry firms have al...