Johnny Ng, a Hong Kong lawmaker and a strong supporter of Web3 and digital assets, says that Hong Kong is not trying to “Beat” other countries in crypto; instead, it can act as a global connector between crypto markets and traditional finance across the U.S., Europe, and China.
Ng says that crypto should not be treated as the Zero sum game, meaning Crypto doesn’t belong to one country and is global, which works best when it is connected. He also stated that Hong Kong’s goal is to link East and West, Crypto startups and traditional banks, and innovation and regulations.
Why Hong Kong has a strong advantage
According to him, Hong Kong already has the strong advantages of a common law system that the global investors could understand and the English language court, trusted by the international businesses, with a free movement of money in and out of the city. This helps Hong Kong to build a crypto market that is regulated, safer, and accepted by the global financial institutions.
A key part of Hong Kong’s strategy involves the Greater Bay Area, which connects cities and Chinese hubs such as Shenzhen and Macau. Ng explained that Hong Kong helps to raise money and handle rules, whereas these main cities turn ideas into real products, which makes the region powerful.
Inviting the global crypto firms
Ng pointed out that Vitalik Buterin spent a lot of time in Hong Kong during Ethereum’s early stages, which shows that the region has long supported blockchain innovations. In 2023, during the period of strict enforcement by the U.S. regulations, he invited the major crypto companies like Coinbase to operate in Hong Kong.
In 2026, Hong Kong plans to introduce clearer custody rules and regulate OTC crypto trading with larger trading limits for professional investors. Ng says that the next phase is about the infrastructure, and these steps aim to make crypto work smoothly with real businesses and large investors.
Highlighted Crypto News:
XRP Slides Below $1.60 Amid Broader Crypto Market Pullback
