🇭🇰 Hong Kong is emerging as a cryptocurrency hub, competing with the UAE and Singapore thanks to strong regulatory policies and its unique economic position.

- WOW Summit CEO, Ivan Ivanov, stated that the special relationship with China and strict regulations help HK become a "sandbox" for financial and technological innovation.

- HK's stablecoin policy requires issuers to have a license and reserve fiat currency at a local bank, enhancing trust and transparency.

- HKMA's Ensemble project collaborates with the central banks of Brazil and Thailand to explore cross-border tokenized payments.

- HK's Cyberport Web3 network currently has over 270 blockchain companies, with more than 120 new companies in the past 17 months.

- ZA Bank launched retail cryptocurrency trading and the government proposed tax exemptions on capital gains for institutional investors.

What do you think about HK's potential in the cryptocurrency field? Share your thoughts! 👇