Hong Kong’s Legislative Council member Johnny Ng has expressed his support for the crypto industry in Hong Kong and has invited Coinbase and other crypto exchanges to establish operations in the region.
Hong Kong is committed to establishing a strong ecosystem for crypto and fintech, with a favorable approach towards cryptocurrencies, and has actively overseen crypto assets through regulation.
HKMA intends to introduce a retail Central Bank Digital Currency (CBDC) as a means of payment for everyday transactions.
HK’s crypto ecosystem has attracted significant interest from international technology companies and influential industry players.