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Hong Kong’s Web3 Momentum Faces Critical Test as Rivals Gain Ground
Hong Kong’s Web3 Momentum Faces Critical Test as Rivals Gain Ground
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Hong Kong’s transformation into a Web3 hub is accelerating, with over 1,000 FinTech firms and nearly 5,000 startups now operating in the city—a 15% year-over-year increase. Recent rankings place it as the world’s second-most crypto-friendly jurisdiction, fueled by progressive policies and clear regulatory frameworks.
Yet this leadership position remains precarious. Singapore and Dubai are aggressively advancing their own digital asset ecosystems, forcing Hong Kong to make strategic moves or risk being overtaken. Government support and institutional interest have been catalysts, but sustained innovation will determine whether the city can maintain its edge.
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