Over 80 Cryptocurrency Companies Are Considering a Foothold in Hong Kong

cryptoupdate

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Since October of last year, Hong Kong has been attracting interest from over 80 virtual asset companies around the world.​

These firms are keen on establishing their presence in Hong Kong as it strives to become a leading hub for Web3, the next generation of the internet.

According to the Secretary for Financial Services and the Treasury, Christian Hui, 23 crypto firms have already made plans to set up in Hong Kong. These companies include virtual asset exchanges, blockchain infrastructure firms, and blockchain network security firms.

Hui shared that these firms are interested in learning more about the regulatory requirements, visa requirements for talent admission, targeted support measures for the virtual assets and Web3 sector, and the implementation details of the policy statement. Hong Kong already has over 800 fintech companies, and the city is well-positioned to be a leading hub for Web3...read more
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