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International Business Times
International Business Times
Business
Marvie Basilan

EXCLUSIVE: Expert Talks Competition For Global Crypto Hub Status –USA vs Hong Kong

Crypto Hong Kong Donald Trump Ivan Ivanov United States blockchain Bitcoin CFTC SEC
The world has yet to actually crown its crypto hub leader. Will the U.S. and Hong Kong get to the top fast enough? (Credit: CryptoWallet.com/flickr.com)

KEY POINTS

  • Hong Kong's clearer regulations place it above the US in crypto policies
  • The Chinese special administrative region also plans to exempt taxes on crypto investment gains
  • Trump's unpredictability may affect his country's road toward leading the world in crypto
  • Hong Kong's cohesive framework allows for smoother operations for crypto firms: WOW Summit Global CEO
  • China may soon move since 'no one wants to lose in this game': Ivan Ivanov

Ever since Donald Trump was elected to be the next president of the United States, there have been talks about which country will lead as the world's cryptocurrency hub. He promised to make crypto great again by leading the rest of the world in blockchain and digital asset innovation, but rising to the challenge is an emerging major player in technology: Hong Kong.

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