Hong Kong, which once completely banned crypto trading, is now rushing to become Asia's Web3 capital. Can you believe it?

Consensus has chosen Hong Kong as its location for two consecutive years, which is no coincidence. The Hong Kong government has issued 11 exchange licenses, hundreds of Web3 companies have set up operations, and a stablecoin license will be issued this quarter. Digital asset regulation legislation is scheduled to be introduced in the Legislative Council this summer.
From "ban everything outright" to "actively legislating to welcome it," Hong Kong has only taken two years.
For us: when a financial center begins to accept crypto through regulatory frameworks instead of driving it out, it indicates that the industry has moved past the stage of questioning its existence.
So, some people should stop saying that crypto is dead.