Hong Kong's Commitment to Digital Assets Amidst UAE Competition

Hong Kong is dedicated to digital asset innovation but faces stiff competition from the UAE's robust regulatory landscape.

Hong Kong continues to express its dedication to the realm of digital assets; however, it is increasingly aware of the fierce competition posed by the United Arab Emirates (UAE). The UAE, particularly through its cities of Dubai and Abu Dhabi, has developed a comprehensive regulatory framework for virtual assets, consolidating oversight under a singular, specialized regulatory body.