Hong Kong’s crypto industry is seeing a resurgence. More than 20 companies are planning to establish a presence in Hong Kong. Over 80 companies have expressed interest in Hong Kong’s crypto industry.
Singapore’s push to become a global crypto hub and US heavy-handed crypto regulation are contributing factors to Hong Kong’s crypto industry growth.
The US risks pushing companies away and increasing the appeal of competitors like Hong Kong and Dubai.
Regulators need to find a balance between investor protection and innovation.
Regulators should avoid claiming jurisdiction over the entire global financial system.