According to the South China Morning Post, Binance founder CZ said in an exclusive interview that Hong Kong has the conditions to become a virtual asset center on par with the United States and the UAE, but the key is that regulators need to act quickly.

CZ pointed out that the Hong Kong government has shown a clear acceptance of Web 3. He suggested that Hong Kong expand the scope of the four currently limited tradable cryptocurrencies, namely Bitcoin, Ethereum, Avalanche, and Chainlink, and that it refer to the Japanese model and allow exchanges to decide on their own whether to list tokens.