Hong Kong as The World City Crypto Hub

[JAherbert]

no need to worry, hong kong will be the crypto hub soon
or the story could simply say..... a man will move from singapore to Hong kong

https://bit.ly/40jCeRY

[GentleGeorge]

https://bit.ly/40jCeRY

This is deliberate strategy from Hong Kong and, whisper it, China.

HK was probably *the* crypto hub for most of the last decade. The China crackdown put a massive dent in that and many, many firms migrated their staff, wages and taxes to Singapore instead who was of course happy to roll out the red carpet.

Singapore got badly burned in the FTX fiasco however and their investment authorities (who have the ear of the government) have essentially blackballed further growth of the industry there.

Meanwhile China and HK are realizing that getting growth and cash back post COVID will not be as easy as they imagined, and they are on the look out for new avenues that can be explored to help out. This article is proof that it is already bearing some fruit.

[shri]

no need to worry, hong kong will be the crypto hub soon
or the story could simply say..... a man will move from singapore to Hong kong

https://bit.ly/40jCeRY

Seems like a desperate PR grab promoted by InvestHK or the firm.. look ma crypto is cool!

[GentleGeorge]

Seems like a desperate PR grab promoted by InvestHK or the firm.. look ma crypto is cool!

You think it was a coincidence that bitmex OKX Binance FTX the list goes on were all founded here?

No I get it, you run this place because you are pretty.

[jimbo_jones]

Seems like a desperate PR grab promoted by InvestHK or the firm.. look ma crypto is cool!

Get a bunch of the Crypto Pard double parking memes, and various pink dodgy looking Crypto shops, and dodgy crypto ATMs on every corner, next to the money laundering exchanges...

Not sure what the difference between China's e-yuan and libertarian crypto is going to be. Either they want full anonymity and no KYC, no on-ramps, etc (excluding the chainalysis type sleuthing work), or full traceability like e-yuan. Can't really be both at the same time.

[TheBrit]

Another brilliant crapto scheme HK could try and lure over

https://www.bbc.co.uk/news/technology-64939146

[walkup]

This is deliberate strategy from Hong Kong and, whisper it, China.

HK was probably *the* crypto hub for most of the last decade. The China crackdown put a massive dent in that and many, many firms migrated their staff, wages and taxes to Singapore instead who was of course happy to roll out the red carpet.

Singapore got badly burned in the FTX fiasco however and their investment authorities (who have the ear of the government) have essentially blackballed further growth of the industry there.

Meanwhile China and HK are realizing that getting growth and cash back post COVID will not be as easy as they imagined, and they are on the look out for new avenues that can be explored to help out. This article is proof that it is already bearing some fruit.

Rotten fruit.

[GentleGeorge]

https://www.scmp.com/comment/opinion...oment-too-soon

Ok I changed my mind, we are done for

[GentleGeorge]

https://www.bloomberg.com/news/artic...icial-hui-says

[Jontol]

crypto hub --- Is it good or bad?

no need to worry, hong kong will be the crypto hub soon
or the story could simply say..... a man will move from singapore to Hong kong

https://bit.ly/40jCeRY