Hong Kong pulls ahead of Singapore in race to attract crypto-treasuries: blockchain expert
Hong Kong has pulled ahead of Singapore in attracting technology-driven companies that use cryptocurrency for treasury management and other applications, reinforcing its position as Asia’s leading digital-asset hub, at least for now, according to a crypto industry veteran who advises both governments.
“Over the past two years, especially in the first half of this year, many professionals and companies in the Web3 ecosystem have relocated their headquarters to Hong Kong from Singapore,” said Gu Ronghui, a technology adviser to the Monetary Authority of Singapore and a former member of Hong Kong’s Web3 task force, ahead of the city’s largest-ever FinTech Week, which runs from November 3 to 7.
The shift reflected Hong Kong’s…
