Hong Kong is now positioning itself as a leading force in the world of cryptocurrency. During Gemini’s global tour, co-founder Tyler Winklevoss had an insightful meeting with Hong Kong’s regulatory authority for crypto, the SFC (Securities and Futures Commission). Expressing his enthusiasm, Winklevoss took to Twitter to share his thoughts on the city’s thoughtful and clear approach to crypto regulation.
Winklevoss tweeted, “Hong Kong is ready to lead in crypto. Had a great meeting w/ the SFC — HK’s regulator for crypto — during @gemini’s world tour. Very encouraged w/ their thoughtful & clear approach. Many imp industry players making HK home and a vibrant ecosystem is developing here. Exciting!”
Highlighting the collaborative nature of the crypto community, Winklevoss also mentioned an enjoyable dinner with Hong Kong’s crypto builders. The gathering was hosted by Martin, a representative from CMCC (China Mobile Communications Corporation), along with the team from CMCC Global. Winklevoss expressed his admiration for CMCC Global, acknowledging it as one of the best funds in the entire crypto industry. He further appreciated their focus on achieving returns rather than seeking excessive PR and publicity. Gemini’s Frontier Fund proudly counts itself as an investor in CMCC Global.
During his visit, Winklevoss took the opportunity to explore the vibrant streets of Kowloon, a district known for its energy and futuristic vibe. Comparing the experience to being on the frontier, he described Kowloon as edgy, gritty, and cool, reminiscent of a sci-fi movie. Winklevoss accompanied his tweet with a series of photos, featuring two snapshots from a previous visit in 2018 and a third image captured during his recent trip, showcasing the dynamic atmosphere of the city.
As Hong Kong solidifies its position as a hub for the crypto industry, the positive sentiment expressed by Tyler Winklevoss and other prominent players underscores the city’s growing significance in the global crypto ecosystem. With its progressive regulatory approach and a diverse range of industry participants, Hong Kong appears set to take on a pivotal role in shaping the future of cryptocurrency.