Experts Urge Hong Kong and China to Collaborate on Crypto Growth
TLDR
- Experts are calling for closer collaboration between Hong Kong and mainland China to enhance the crypto sector.
- Hong Kong had become a significant crypto hub after passing the Stablecoin Ordinance in August 2023.
- Despite China’s crypto ban, the country is exploring ways to collaborate with Hong Kong in digital asset development.
- Industry leaders emphasize the need for collaborative efforts in developing standards and regulations for the cryptocurrency market.
- Chinese firms are interested in applying for a Hong Kong-issued stablecoin license despite government warnings.
Industry experts are urging Hong Kong and mainland China to collaborate on advancing the cryptocurrency sector. A recent report from the South China…
