Hong Kong is welcoming back Crypto
Some of the biggest cryptocurrency exchanges in the world, such as crypto.com and FTX, were first drawn to Hong Kong. However, FTX relocated its corporate offices from Hong Kong to the Bahamas in 2021. When China outlawed trading in digital assets the same year, the Crypto.com exchange also moved to Singapore, sparking concerns that Hong Kong may follow suit.
Now, Hong Kong is getting ready to loosen its cryptocurrency restrictions and open doors for small-scale investors. They will reclaim their status as a financial center, implement a licensing structure that permits trading platforms to function there, and establish Hong Kong as the world's center for cryptocurrencies.