Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to feedback made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” towards cryptocurrencies.
Ng stated he “sincerely invitations” Buterin to go to Hong Kong to raised perceive the area. Moreover he stated he would “coordinate with related establishments and enterprises to share the scenario in Hong Kong.”
昨天就以太坊創始人Vitalik Buterin分享關於在香港發展虛擬資產項目 (Cryptocurrencies Challenge) 的看法，我尊重他的發言權利，但同時認為他不了解和不:認識香港的情況。我有以下邀請和看法:
1. 我現誠意邀請Vitalik先生來香港了解情況。我願意協調相關的機構和企業向其分享香港的情況。
2.… pic.twitter.com/pnXipv7YE0
— Johnny Ng 吴杰庄 (@Johnny_nkc) September 15, 2023
Buterin made feedback on the Web3 Transition Summit in Singapore on Sept. 14, through which he stated, “I do not perceive Hong Kong effectively. I perceive even much less the difficult interplay between Hong Kong and the mainland currently.”
“If any crypto venture desires to make Hong Kong their residence, they’d need to have some confidence, not simply that it’s pleasant now,” he stated, “however that it’ll proceed to be pleasant years from now when every kind of unknown, regulatory and political and different kinds of occasions are going to occur.”
He continued by saying that although Hong Kong is pleasant now, he questioned “How secure is the extent of friendliness?”
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Alongside together with his invitation to Hong Kong Ng responded on to Buterin’s considerations and stated, Hong Kong’s insurance policies “won’t change in a single day.”
“All related methods and laws have gone by way of main social consensus and full procedures. Due to this fact, I can inform Mr. Vitalik that Hong Kong’s insurance policies are very secure.”
Ng additionally careworn that each one insurance policies or laws in Hong Kong undergo a interval of debate which incorporates “authorities coverage writing, public session, discussions in a number of committees of the Legislative Council and the Common Meeting.”
This comes as Hong Kong continues to retain its place as the top “crypto-ready” place for 2 consecutive years, with a rating of 8.36 in comparison with america at 7.25.
On Aug. 30 HashKey and OSL grew to become the first exchanges to receive clearance to supply retail crypto companies in Hong Kong. Cryptocurrency change OKX recently entered the final stage of making ready for its license in Hong Kong.
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