Hong Kong Legislative Council Member Invites Vitalik Buterin to Experience Region's Cryptocurrency Friendliness
Summary:
Johnny Ng invites Ethereum co-founder Vitalik Buterin to visit Hong Kong to better grasp the region's crypto-friendly environment, responding to Buterin's concerns about the stability of Hong Kong's friendliness towards cryptocurrencies. Ng emphasizes that Hong Kong's policies are stable and backed by broad social consensus, undergoing thorough procedures. Hong Kong remains the top-ranked crypto-ready place for the second consecutive year. HashKey, OSL, and OKX make advancements in offering crypto services in Hong Kong.
Legislative Council member Johnny Ng responded to Ethereum co-founder Vitalik Buterin's comments on Hong Kong's future stance towards cryptocurrencies. Ng extended a sincere invitation to Buterin to visit Hong Kong and gain a better understanding of the region. Ng also expressed his intention to collaborate with relevant institutions and businesses to share Hong Kong's current situation. Buterin made these comments during the Web3 Transition Summit in Singapore, stating that he lacked understanding of Hong Kong's complexities, particularly its relationship with mainland China. He emphasized the need for crypto projects to have confidence in Hong Kong's long-term friendliness in the face of unknown regulatory and political events. In response, Ng assured Buterin that Hong Kong's policies undergo extensive social consensus and procedures and will remain stable. He highlighted the rigorous process of policy development, including government policy writing, public consultations, and discussions in multiple Legislative Council committees. Despite Buterin's concerns, Hong Kong maintains its position as the top crypto-friendly destination for two consecutive years, scoring higher than the United States. Recently, HashKey and OSL received clearance to offer retail crypto services in Hong Kong, while OKX is nearing the final stages of acquiring its license in the region.
Published At
9/15/2023 9:43:33 AM
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