Web3 Industry Leaves New York Due to Restrictive Regulations, While Hong Kong Encourages Innovation and Growth

06/30 13:45

June 30 (Huobi) - The Web3 industry is leaving New York due to the US regulators' restrictive approach, causing a decline in the city's global relevance. In contrast, China and Hong Kong have implemented common-sense regulations that have led to Hong Kong's recovery as a global cryptocurrency hub.
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