and high-profile bankruptcies have prompted some governments to distance themselves from the cryptocurrency industry, Hong Kong is pulling out all the stops to court mainland China crypto companies to rebase in the city. Mainland China banned cryptocurrency trading in 2021.
HashKey received a license to operate in Hong Kong last November, making it one of two licensed crypto exchanges in the city besides rival exchange OSL. "If Hong Kong can suddenly say that it is crypto-friendly as if it's a switch, that switch can be just as suddenly turned off should things get difficult," he said.
Source: News Formal (newsformal.com)
Just a reminder to anyone considering moving there, a single tweet can get you arrested under National Security 'Law', up to 15 years imprisonment.... oh, and the law was enacted and enforceable without anyone, including Carrie Lam then CEO of HK having even read it!
There’s a place without the law. No one can secure their assets in Hongkong
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