Hong Kong wants to act as a global bridge between crypto markets, not compete with them.
The city is using its strong financial system and clear laws to support regulated crypto growth.
Johnny Ng, a Hong Kong lawmaker and a strong supporter of Web3 and digital assets, says that Hong Kong is not trying to “Beat” other countries in crypto; instead, it can act as a global connector between crypto markets and traditional finance across the U.S., Europe, and China.
Ng says that crypto should not be treated as the Zero sum game, meaning Crypto doesn’t belong to one country and is global, which works best when it is connected. He also stated that Hong Kong’s goal is to link East and West, Crypto startups and traditional banks, and innovation and regulations.
Why Hong Kong has a strong advantage
According to him, Hong Kong already has the strong advantages of a common law system that the global investors could understand and the English language court, trusted by
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