Hong Kong's push for web3

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Hong Kong has welcomed stablecoins by launching a regulatory sandbox for issuers, passing the Stablecoins Bill, and inviting global firms to apply for issuance licenses
Hong Kong is establishing itself as a crypto-friendly jurisdiction through a series of regulatory and policy initiatives aimed at promoting the creation of web3 infrastructure
Hong Kong has introduced regulations for crypto staking balancing innovation with investor protection
Hong Kong has enacted a crypto licensing regime for crypto trading platforms in 2023

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