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Hong Kong Invites Global Crypto Trading Operators to Set Up Businesses Amid Proactive Crypto Regulations and CBDC Plans

Hong Kong has invited global crypto trading operators to set up businesses in the country, with Legislative Council member Johnny Ng expressing his willingness to provide assistance. The move comes after the US SEC filed lawsuits against crypto heavyweights like Binance and Coinbase.

Hong Kong has actively regulated crypto assets and is committed to building a robust crypto and fintech ecosystem, with plans to implement a retail Central Bank Digital Currency (CBDC) as a payment method for day-to-day transactions. The invitation signals the country's commitment to becoming a digital hub for the crypto industry.

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