- Hong Kong has ambitions to become an international center for virtual assets and is taking steps to attract international Web3 talents and ecosystem-related businesses.

- Currently, only two licensed virtual asset trading platforms, OSL and HashKey, operate in Hong Kong, but more licenses are anticipated to be granted in the second half of the year.

- The #goal is to establish Hong Kong as a hub for #virtual assets, necessitating the attraction of overseas platforms to establish a presence and foster a community of international #Web3 #talents and #ecosystem-related businesses.

- The approval in principle for a virtual property platform license received by HKVAX from the China Securities Regulatory Commission indicates a positive trend in license approvals for the remainder of the year.

- This reflects Hong Kong's efforts to create a favorable environment for virtual asset businesses and foster growth in the Web3 space.