In the past, Hong Kong was often criticized for being too slow, but when Singapore's new policies came out, it suddenly felt like Hong Kong was only slightly slow, but it's really about support, just being cautious and wanting everything to be licensed.
In fact, everything in Hong Kong requires a license, which is somewhat different from the mainland. The benefit of licensing is that it truly brings a more standardized and comprehensive experience.
For people in the crypto space, Hong Kong should now be second only to Dubai—but for people coming from the mainland, it might be number one.