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Hong Kong Stresses Pro-Crypto Stance as Industry Reels

  • FTX implosion hasn’t dimmed Hong Kong ambition as crypto hub
  • Financial secretary invites tech startups to move to the city

Hong Kong will be a great place for crypto, fintech and other startups to set up shop in the new year, the city’s financial secretary said on Monday, looking past the current upheaval in the industry.

Paul Chan, speaking at a Web3 forum in Cyberport, said Hong Kong remains committed to becoming a regional crypto hub — an ambition expressed at the end of October, just before Sam Bankman-Fried’s FTX exchange had its industry-altering meltdown — and will work to attract new businesses from all over the world.