Hong Kong is rapidly becoming a hub for cryptocurrencies, positioning itself as a hub for financial innovation alongside the United Arab Emirates and Singapore. Ivan Ivanov, CEO of WOW Summit, said this innovation is a combination of strong regulatory policies and Hong Kong’s special economic zone status. Ivanov said Hong Kong’s special relationship with mainland China and robust regulations provide a testing ground for financial and technical innovation. Hong Kong’s stablecoin policy promotes trust and transparency. Discuss the implications of these developments in your comments.