Crypto projects should consider how stable Hong Kong's friendliness will be, Buterin said today in Singapore.
Hong Kong has turned toward a crypto-friendly position since late last year, but crypto projects should consider how stable the friendliness would be when setting up a presence there, Buterin said today in Singapore.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
“If any crypto project wants to make Hong Kong their home, they would want to have some confidence — not just that it’s friendly now but that it will continue to be friendly years from now when all kinds of unknown, regulatory and political and other kinds of events are going to happen,” Buterin said at the Web3 Transitions Summit in Singapore.
“I don't understand Hong Kong well. I understand even less the complicated interaction between Hong Kong and the mainland lately,” Buterin added. “Obviously, it's very friendly now. But the big question that I'm asking and that I think anyone is asking is: how stable is the level of friendliness?” Unlike its neighboring Chinese mainland’s broader crackdown on cryptocurrency trading and mining, Hong Kong has rolled out the welcome mat for crypto firms this year — even going so far
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