According to Odaily Planet Daily, Binance founder and former CEO Zhao Changpeng (CZ) stated in an exclusive interview with the South China Morning Post that Hong Kong has the potential to become a virtual asset center on par with the United States and the UAE, but it is crucial for regulators to act swiftly.
CZ pointed out that the Hong Kong government has shown a clear acceptance of Web 3. He suggested that Hong Kong expand the currently limited range of four tradable cryptocurrencies, namely Bitcoin, Ethereum, Avalanche, and Chainlink, and recommended referencing the Japanese model, allowing exchanges to decide on their own which tokens to list.
