Hong Kong Politician Addresses Vitalik Buterin’s Remarks on Crypto-Friendliness

Johnny Ng, a member of the Legislative Council of Hong Kong, has responded to Ethereum co-founder Vitalik Buterin’s comments about the future “friendliness” of Hong Kong towards cryptocurrencies. In a tweet, Ng invited Buterin to visit Hong Kong and offered to coordinate with relevant institutions and enterprises to provide a better understanding of the region’s situation.

Buterin had expressed uncertainty about Hong Kong during the Web3 Transition Summit in Singapore. He stated, “I don’t understand Hong Kong well. I understand even less the complicated interaction between Hong Kong and the mainland lately.” He emphasized the importance for crypto projects to have confidence in Hong Kong as a long-term friendly environment, not just at present but also in the face of regulatory, political, and other unknown events.

Johnny Ng addressed Buterin’s concerns directly, reassuring him that Hong Kong’s policies are stable and will not change overnight. Ng stated, “All relevant strategies and regulations have gone through major social consensus and complete procedures. Therefore, I can tell Mr. Vitalik that Hong Kong’s policies are very stable.” He emphasized that all policies or legislation undergo a period of discussion and public consultation before implementation.

It is worth noting that Hong Kong has been recognized as the most “crypto-ready” place for two consecutive years, with a score of 8.36 compared to the United States’ score of 7.25. Recent developments, such as HashKey and OSL receiving clearance to offer retail crypto services, further solidify Hong Kong’s position in the crypto industry. Additionally, OKX is in the final stage of preparing for its license in Hong Kong.

Ng’s invitation to Buterin and his reassurances about Hong Kong’s stability highlight the region’s commitment to maintaining a favorable environment for cryptocurrencies.

(Source: Tweet by Johnny Ng, Twitter)

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J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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