Experts Urge Hong Kong and China to Collaborate on Crypto Growth
Industry leaders are pushing for stronger ties between Hong Kong and mainland China to foster development in the cryptocurrency sector. The collaboration could position Asia as a dominant force in financial technology and digital assets.
Hong Kong has emerged as a crypto hub following the passage of its Stablecoin Ordinance in August 2023, attracting significant investor interest. Despite China's ban on cryptocurrencies, mainland firms are exploring opportunities to engage with Hong Kong's regulatory framework.
The 11th Global Blockchain Summit in Shanghai highlighted the mutual benefits of cross-border cooperation. Standardized regulations and joint market development were cited as critical factors for sustainable growth in the sector.