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Hong Kong’s Crypto Trading Launch Makes Coinbase CEO Question the US Position

“America risks losing it’s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from regulators. Congress should act soon to pass clear legislation. Crypto is open to everyone in the world and others are leading. The EU, the UK, and now HK,” Armstrong said, retweeting a post saying Hong Kong will make it legal to sell, purchase, and trade crypto assets for all its citizens from June 1.    

The news that Hong Kong would allow its citizens to buy, sell, and trade crypto assets is based on a speech made in January at a web3 conference by Hong Kong’s Financial Secretary Paul Chan.  

Hong Kong Coinbase
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