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After the release of the virtual asset policy declaration in Hong Kong in 2022, high expectations were placed on it. In the entire virtual asset industry, Dongfang Power is at least half of the world. From a global perspective, the top 20 exchanges, except for a few like Coinbase that rely on compliance barriers to "receive orders" in regional markets (due to the long arm jurisdiction of the United States and recent regulatory crackdowns, they cannot enter the US market), most of the global exchanges are still closely related to Eastern powers. Many currency circle platforms overflowing from Chinese Mainland, seeing that Hong Kong Web3 may have a future, have chosen to apply for licenses in Hong Kong. Another force of applying institutions is the derivative institutions of traditional financial companies such as securities and payments in Hong Kong, which are roughly equivalent in terms of the number of applications. @utral @gk @ry
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