Mr. John Ng, Member of the Hong Kong Legislative Council, take On September 15, he responded to Ethereum co-founder Vitalik Buterin’s comments on social media about Hong Kong’s future being “friendly” to cryptocurrencies.
Ng said he “sincerely invites” Buterin to visit Hong Kong to better understand the region. He also said he would “coordinate with relevant institutions and enterprises to share the situation in Hong Kong.”
Yesterday, Ethereum founder Vitalik Buterin shared his views on the development of virtual asset projects (Cryptocurrencies Project) in Hong Kong. I respect his right to speak, but at the same time, I think he does not understand and do not understand the situation in Hong Kong. I have the following invitations and views:
1. I sincerely invite Mr. Vitalik to come to Hong Kong to understand the situation. I am willing to coordinate with relevant institutions and enterprises to share the situation in Hong Kong with them.
— Johnny Ng 武杰庄 (@Johnny_nkc) September 15, 2023
Buterin commented at the Web3 Transformation Summit held in Singapore on September 14, “I don’t know Hong Kong very well. I don’t understand the recent complex interactions between Hong Kong and the mainland even less.”
He said: “If any cryptocurrency project wants to make Hong Kong their home, they will want to have some confidence that not only is it friendly now, but that from now on, when all kinds of unknown scenarios happen, it will still be It’s going to continue to be friendly.” Regulatory, political and other types of events are going to happen. “
He went on to say that although Hong Kong is now very friendly, he questioned “how stable is the level of friendship?”
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While inviting him to Hong Kong, Ng also directly responded to Buterin’s concerns and said Hong Kong’s policies “will not change overnight.”
“All relevant strategies and regulations have gone through significant social consensus and complete procedures. Therefore, I can tell Mr. Vitalik that Hong Kong’s policies are very stable.”
Wu also emphasized that all policies or legislation in Hong Kong will go through a discussion period, including “government policy formulation, public consultation, and discussions in multiple committees of the Legislative Council and the General Assembly.”
Meanwhile, Hong Kong maintained its No. 1 spot in “cryptocurrency readiness” for the second consecutive year with a score of 8.36, while the United States scored 7.25.
On August 30, HashKey and OSL became the first exchanges licensed to provide retail crypto services in Hong Kong. Cryptocurrency exchange OKX recently entered the final stages of preparation for a Hong Kong license.
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