SBF: Hong Kong Could Emerge as Web3, Blockchain and Crypto Hub

SBF said that the city could emerge as a Web3, blockchain and cryptocurrency hub during a webinar at Hong Kong’s FinTech Week 2022 on Monday.

"It could be Singapore, could be somewhere like Busan in Korea, but I think there is a real chance it ends up being Hong Kong." he added.

In a policy statement released today, the Hong Kong government stated that it would start a consultation on legalizing crypto trading by retail investors as it seeks to create a hub for digital assets.