TechFlow news: National Committee member of the Chinese People's Political Consultative Conference and Hong Kong SAR Legislative Councilor Ng Kit-chi recently tweeted that he received a response from Coinbase regarding their invitation to him. He believes the Web3 industry is a global sector, and establishing presence in non-U.S. jurisdictions makes Hong Kong an excellent choice, given its comprehensive and balanced regulatory policies. He will continue communications and welcomes other global virtual asset exchanges to enter Hong Kong. Additionally, Ng shared key takeaways from his recent discussions and interviews in Hong Kong on Web3 and virtual asset policies:
- Hong Kong is gradually evolving into a leading financial environment supporting the virtual asset industry, with new regulations encouraging global stakeholders to apply for licenses.
- Monitoring and control measures will adapt alongside industry development. Hong Kong remains open to suggestions and is committed to increasing openness and incorporating industry feedback.
- Do not underestimate Hong Kong's market size. As a global financial and emerging technology hub, Hong Kong has established connections with cities worldwide, expanding its global influence.
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