Hong Kong Sees Overwhelming Response To Crypto Policy Shift
- Hong Kong’s friendly stance on crypto is attracting attention from virtual asset businesses.
- The island city’s Secretary for Financial Services and the Treasury has highlighted the overwhelming response from crypto entities.
- Hong Kong plans to roll out a licensing regime for crypto exchanges by June.
Hong Kong’s recent shift in its crypto policy seems to have grabbed the attention of virtual asset service providers and businesses from around the world. Island city’s Secretary for Financial Services and the Treasury recently highlighted the “overwhelming response” that it had received thanks to its friendly crypto stance.
According to a recent report by Bloomberg, Christopher Hui, the Secretary for Financial Services and the Treasury, revealed that more than 80 institutions and entities had expressed interest in expanding their presence in the island city of Hong Kong.
“Hong Kong is one of the pioneers in the world in terms of having a holistic regulatory regime for virtual assets more broadly, rather than crypto per se,” Secretary Hui stated in a Bloomberg Television interview with Yvonne Man and David Ingles. He highlighted the investor pr…
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