Hong Kong’s success as Asia’s top crypto hub depends significantly on its regulatory framework, which must balance investor protection with industry growth to foster innovation and confidence.
Its strategic location near China and clear, albeit cautious, regulatory guidelines offer competitive advantages.
However, it faces challenges from faster-moving competitors like Singapore and Dubai, which have more agile regulatory systems and broader market access.
The city’s ability to attract crypto businesses also hinges on accelerating regulatory processes and ensuring political and economic stability.
Ryan Lee, Chief Analyst at Bitget Research
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