Despite the increasing number of firms applying for #crypto licenses in Hong Kong, recruiters in the industry have not seen a corresponding surge in hiring activity. While around 150 companies lined up for a local crypto license on June 1, recruitment executives report that the demand for talent within the sector remains relatively low. The industry is still in the early stages of development, with many #Web3.0 companies scaling up and maturing. However, recruiters anticipate an increase in job openings as the industry progresses. The recent dip in the #cryptomarket has also led to a decrease in requests for technical talent, with some candidates hesitant due to the volatile nature of the crypto business. Although there has been a slight uptick in Web3 firms seeking legal and compliance hires, recruiters believe it may take several months for a surge in crypto talent as companies await license approvals. The local talent pool in Hong Kong is currently thin, and recruiters predict a talent war as more companies establish their presence in the region. Despite challenges in attracting risk-averse candidates, there are individuals transitioning from traditional finance to the crypto sector, driven by positive news and opportunities within the industry.$BNB $BTC
Remember that the cryptocurrency market is highly volatile and subject to rapid changes. It's important to conduct thorough research, stay updated with the latest news, and exercise caution when making investment decisions.