BlockBeats news, on August 29, CZ stated in an exclusive interview with South China Morning Post that Hong Kong has the conditions to become a major hub for virtual assets, comparable to markets like the United States and the UAE. However, Hong Kong's regulatory authorities must take swift action to fully realize its potential. CZ suggested expanding the range of Crypto Assets allowed for trading on licensed exchanges in Hong Kong and following Japan's model, allowing trading platforms to decide which Tokens can be traded.
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CZ: Hong Kong has the conditions to become a major hub for virtual assets, but regulatory actions are needed to activate its potential.
BlockBeats news, on August 29, CZ stated in an exclusive interview with South China Morning Post that Hong Kong has the conditions to become a major hub for virtual assets, comparable to markets like the United States and the UAE. However, Hong Kong's regulatory authorities must take swift action to fully realize its potential. CZ suggested expanding the range of Crypto Assets allowed for trading on licensed exchanges in Hong Kong and following Japan's model, allowing trading platforms to decide which Tokens can be traded.