US crackdown will push crypto’s 'center of gravity' to Hong Kong: Kaiko CEO

After recently revealing that Kaiko will shift its Asia-Pacific headquarters to Hong Kong, the firm’s CEO has tipped the city to become a major player in the sector.

Highlights

• The U.S.
• government’s crackdown on crypto could ultimately see the industry’s “center of gravity” shift to Hong Kong, says Ambre Soubiran, the CEO of Paris-based institutional crypto market data provider Kaiko.
• Hong Kong has been pushing to become a major crypto hub by rolling out progressive regulation to support high-quality crypto and fintech firms in 2023.
• More than 80 virtual asset-related firms have expressed interest in setting up shop there, according to the Hong Kong government.
• Kaiko itself, is looking to relocate the headquarters of its Asian-Pacific unit from Singapore to Hong Hong Kong.

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