TechFlow News, February 2. According to a CoinDesk report, Hong Kong Legislative Council member Gary Ng told CoinDesk in an interview that Hong Kong is positioning itself as a global connectivity hub for the cryptocurrency market.
Ng emphasized that Hong Kong should not compete with other jurisdictions but instead serve as a bridge. He stated: “Cryptocurrencies and Web3 are highly interconnected with traditional financial systems.” Leveraging the Greater Bay Area initiative, Hong Kong can connect mainland Chinese cities’ scale, manufacturing depth, and technical talent while providing regulatory clarity and financial credibility. Ng also noted that Hong Kong will introduce custody and over-the-counter (OTC) trading regulations this year and may allow professional investors to conduct higher-volume transactions.
Ng further indicated that artificial intelligence (AI) will also converge with cryptocurrencies, and Hong Kong holds a unique position in this domain—capable of processing both Western and Chinese datasets—making it a collaborative platform for global AI companies. He believes Hong Kong’s advantage lies in remaining open, regulated, and interoperable, thereby occupying a central role in this still-emerging ecosystem.
