80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin News

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80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin News
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A government official says more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. cryptocurrency

Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset and Web3,” said the government official.

As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related mainland and foreign companies in establishing their presence in Hong Kong. Specifically, as of the end of February, Invest Hong Kong has received indications from 23 companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. that they plan to establish a presence in Hong Kong, the official said.

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