PANews June 4 news, Hong Kong Legislative Council member Wu Jiezhuang posted on platform X stating: “Singapore recently issued (Guidelines on Licensing for Digital Token Service Providers), which proposes new policies for companies, institutions, and individuals engaged in virtual assets. Since the release of the virtual asset declaration in 2022, Hong Kong has actively welcomed the industry to develop here. According to informal statistics, over a thousand Web3 companies have established operations in Hong Kong. If you are currently engaged in the relevant industry in Singapore and intend to relocate your headquarters and personnel to Hong Kong, I am willing to provide assistance and welcome you to develop in Hong Kong!”
