Hong Kong: The Next Crypto Hub? đđ°
Hong Kong's crypto sector anticipates substantial growth in the next four to five years, fueled by an influx of crypto talent and positive regulatory developments.
Hashkey Capital's Jupiter Zheng notes the rise of #Web3 projects contributing to real GDP and technological advancements despite subdued crypto prices.
He sees crypto and Web3 as potential drivers for Hong Kong's economy, offering a new trajectory amid recent economic challenges. Hashkey, having obtained a specific #license in August, foresees growing demand for crypto products as regulatory measures enhance investor safety.
Zheng envisions a development pattern in Web3 akin to South East Asia's GameFi sector, with a focus on well-regulated protocols and blockchain infrastructure.
Despite a recent crypto exchange scandal, Hong Kong remains committed to becoming Asia's crypto #hub , reinforcing regulations and addressing illicit activities to foster a more secure and regulated environment.
