Hong Kong Invites Coinbase and Other Crypto Exchanges, Embraces Crypto

Hong Kong legislator Johnny Ng has invited Coinbase and 

other global virtual asset trading operators to establish operations in the region, demonstrating Hong Kong's proactive approach to cryptocurrencies. The government is dedicated to creating a strong crypto and fintech ecosystem, and the Hong Kong Monetary Authority plans to explore the introduction of a retail central bank digital currency (CBDC). The favorable environment has attracted interest from international tech companies, such as Samsung, and has received strategic approval from Chinese authorities. Hong Kong's efforts in the crypto space have significant implications for the digital currency landscape.