Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to feedback made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” towards cryptocurrencies.
Ng mentioned he “sincerely invitations” Buterin to go to Hong Kong to raised perceive the area. Moreover, he mentioned he would “coordinate with related establishments and enterprises to share the scenario in Hong Kong.”
昨天就以太坊創始人Vitalik Buterin分享關於在香港發展虛擬資產項目 (Cryptocurrencies Challenge) 的看法，我尊重他的發言權利，但同時認為他不了解和不:認識香港的情況。我有以下邀請和看法:
— Johnny Ng 吴杰庄 (@Johnny_nkc) September 15, 2023
On the Web3 Transition Summit in Singapore on Sept. 14, Buterin commented, “I do not perceive Hong Kong nicely. I perceive even much less the sophisticated interplay between Hong Kong and the mainland recently.”
“If any crypto venture needs to make Hong Kong their dwelling, they’d wish to have some confidence, not simply that it’s pleasant now,” he mentioned, ”however that it’ll proceed to be pleasant years from now when all types of unknown, regulatory and political and different kinds of occasions are going to occur.”
He continued by saying that although Hong Kong is pleasant now, “How steady is the extent of friendliness?”
Alongside along with his invitation to Hong Kong, Ng responded on to Buterin’s considerations, saying that Hong Kong’s insurance policies “won’t change in a single day.”
“All related methods and rules have gone via main social consensus and full procedures. Due to this fact, I can inform Mr. Vitalik that Hong Kong’s insurance policies are very steady.”
Ng additionally pressured that each one insurance policies or laws in Hong Kong undergo a interval of dialogue, which incorporates “authorities coverage writing, public session, discussions in a number of committees of the Legislative Council and the Basic Meeting.”
This comes as Hong Kong continues to retain its spot as probably the most “crypto-ready” place for 2 consecutive years, with a rating of 8.36 in contrast with america at 7.25.
On Aug. 30, HashKey and OSL grew to become the first exchanges to obtain clearance to supply retail crypto companies in Hong Kong. Cryptocurrency change OKX not too long ago entered the ultimate stage of getting ready for its license in Hong Kong.