{"id":5533,"date":"2023-06-11T06:33:30","date_gmt":"2023-06-11T10:33:30","guid":{"rendered":"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/"},"modified":"2023-06-11T06:33:30","modified_gmt":"2023-06-11T10:33:30","slug":"hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/","title":{"rendered":"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div data-v-0c8d7d80=\"\">\n<p>Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region.<\/p>\n<p>Legislative Council member Johnny Ng took to Twitter to express\u00a0support and assistance to \u201call global virtual asset trading operators\u201d like Coinbase. He also hinted at potential stock listing opportunities. This comes after the recent United States Securities and Exchange Commission lawsuits against significant industry players like Binance and Coinbase.<\/p>\n<p>Contrary to the cautious stance of several Western countries toward cryptocurrencies, Hong Kong has embraced a proactive approach. In January 2023, Hong Kong Financial Secretary Paul Chan\u00a0declared the government\u2019s dedication to establishing a strong ecosystem for crypto and fintech. Subsequently, Hong Kong has been diligently formulating regulations and implementing compliance measures to nurture the expansion of the cryptocurrency industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I hereby offer an invitation to welcome all global virtual asset trading operators  including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance. pic.twitter.com\/bcIi1IjMlc<\/p>\n<p>\u2014 Johnny Ng \u5434\u6770\u5e84 (@Johnny_nkc) June 10, 2023<\/p><\/blockquote>\n<p>The Hong Kong Monetary Authority (HKMA) recently revealed its intention to establish the groundwork for the introduction of a retail central bank digital currency\u00a0(CBDC). This initiative, announced on June 9, seeks to investigate the advantages of CBDCs as a means of payment for everyday transactions and to facilitate customer access to cryptocurrency exchanges.<\/p>\n<p>The invitation extended by Ng illustrates Hong Kong\u2019s dedication to becoming a digital hub for the crypto industry. OKX and Huobi were among the first crypto exchanges to apply for virtual asset service provider licenses in the region.<\/p>\n<p>The favorable approach toward cryptocurrencies in Hong Kong has also attracted interest from prominent international technology companies. In January, South Korean tech giant Samsung announced the introduction of a Bitcoin (BTC) futures active exchange-traded fund\u00a0on the Stock Exchange of Hong Kong.<\/p>\n<p><strong>Related: <\/strong><strong>Hong Kong\u2019s regulatory lead sets it up to be major crypto hub<\/strong><\/p>\n<p>Additionally, in mid-February, reports surfaced indicating that Chinese government officials were granting strategic approval to the pro-crypto initiatives undertaken by Hong Kong. This recognition from Chinese authorities further highlights the significance of Hong Kong\u2019s efforts in the crypto space and its potential impact on the broader digital currency landscape.<\/p>\n<p><strong>Magazine: <\/strong><strong>Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs <\/strong><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/hong-kong-legislator-invites-coinbase-to-the-region-amid-sec-scrutiny\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region. Legislative Council member Johnny Ng took to Twitter to express\u00a0support and assistance to \u201call global virtual asset trading operators\u201d like Coinbase. He also hinted at potential stock listing opportunities. This comes after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong legislator invites Coinbase to the region despite SEC scrutiny - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny\" \/>\n<meta property=\"og:description\" content=\"Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region. Legislative Council member Johnny Ng took to Twitter to express\u00a0support and assistance to \u201call global virtual asset trading operators\u201d like Coinbase. He also hinted at potential stock listing opportunities. This comes after [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\" \/>\n<meta property=\"og:site_name\" content=\"Sikaoer - The Best Crypto News Site.\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T10:33:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/f0de4250-228a-4704-b4f6-104123e03fb0.jpg\" \/>\n<meta name=\"author\" content=\"SikaoerAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SikaoerAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\"},\"author\":{\"name\":\"SikaoerAdmin\",\"@id\":\"https:\/\/sikaoer.com\/#\/schema\/person\/43f022757a102cf0dbe32031e6c7cf67\"},\"headline\":\"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny\",\"datePublished\":\"2023-06-11T10:33:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\"},\"wordCount\":410,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sikaoer.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/06\/Hong-Kong-legislator-invites-Coinbase-to-the-region-despite-SEC.jpg\",\"articleSection\":[\"Blockchain\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\",\"url\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\",\"name\":\"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny - Sikaoer - The Best Crypto News Site.\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/06\/Hong-Kong-legislator-invites-Coinbase-to-the-region-despite-SEC.jpg\",\"datePublished\":\"2023-06-11T10:33:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#primaryimage\",\"url\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/06\/Hong-Kong-legislator-invites-Coinbase-to-the-region-despite-SEC.jpg\",\"contentUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/06\/Hong-Kong-legislator-invites-Coinbase-to-the-region-despite-SEC.jpg\",\"width\":1200,\"height\":799,\"caption\":\"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sikaoer.com\/hong-kong-legislator-invites-coinbase-to-the-region-despite-sec-scrutiny\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sikaoer.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hong Kong legislator invites Coinbase to the region despite SEC scrutiny\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sikaoer.com\/#website\",\"url\":\"https:\/\/sikaoer.com\/\",\"name\":\"Sikaoer\",\"description\":\"Latest Bitcoin &amp; 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