Experts Advocate for Hong Kong-China Collaboration to Boost Crypto Sector
Industry leaders at the Global Blockchain Summit in Shanghai have underscored the potential benefits of enhanced cooperation between Hong Kong and mainland China in advancing the crypto and fintech sectors. Such collaboration could position Asia as a leader in digital finance innovation.
Despite China's stringent ban on cryptocurrency trading since 2021, Hong Kong has emerged as a thriving crypto hub, particularly after the enactment of its Stablecoin Ordinance on August 1. The region has witnessed surging investor interest, especially in yuan-pegged stablecoins.
The contrasting approaches—China's cautious regulatory stance versus Hong Kong's progressive framework—create a unique opportunity for symbiotic growth. Joint initiatives could accelerate blockchain adoption while maintaining financial stability.
