A brief discussion on the current status and future development of cryptocurrency regulation in Hong Kong

As one of the global financial centers, Hong Kong has recently announced more than a dozen digital asset trading licenses, which has attracted widespread attention. However, having a license alone does not mean that you can lead in this field.

In contrast, the value of hashkey's license may be reduced. The reason is that Hong Kong's cryptocurrency ecosystem is relatively small, and the number of people who "fry pancakes" is limited. This means that even with regulatory advantages, it is difficult to attract enough users to participate.

From a global perspective, the world's main wealth and population are concentrated in Europe, the United States, India and China. Therefore, the user group that will eventually be fought for is likely to be dominated by mainland China.

So, getting a license is only the first step. What is more important is whether it can really operate well and attract a large number of users. The first-mover advantage alone cannot last, and it is also necessary to combine local actual conditions to provide better products and services.

In general, although Hong Kong's digital asset regulation has an advantage, it still needs continuous innovation and optimization to truly occupy a place in this field. The focus of future competition may shift from regulation to more practical aspects such as products, services and user expansion.