Hong Kong is positioning itself as crypto’s global connector, says lawmaker Johnny Ng
Lawmaker Johnny Ng sees Hong Kong as a vital bridge connecting global crypto markets, leveraging its common law and open capital flows.Summary
Hong Kong lawmaker and Web3 advocate Johnny Ng views the city as uniquely positioned to serve as a global connector for digital assets, acting as a bridge rather than a battleground between East and West, and between traditional finance and crypto innovation. Ng emphasizes Hong Kong's existing strengths—common law, English-language courts, and free capital flows—as a foundation for a safe and secure crypto hub. This role is amplified by its connection to the Greater Bay Area, allowing Hong Kong to link its legal and financial structure with the manufacturing scale and technical workforce of mainland cities like Shenzhen. Ng advocates for regulatory coordination globally, rather than competition, and sees the next phase involving regulations for custody and OTC trading. Furthermore, he believes Hong Kong can be a central point for AI development, capable of working with both Western and Chinese datasets.
(Source：CoinDesk)