After China's ban of ICOs, mining facilities, and crypto currencies, Hong Kong is the new center for the Chinese crypto-world.
NEO (
https://neo.org) and KNT (
https://kora.network) are big ones who base in Hong Kong now, more will come. HK has been China's financial hub for many years, now it is slowly becoming China's crypto hub
In general, you are right. The center of trade in crypto currency is shifting from China, where the trade in crypto currency is somewhat limited, towards Hong Kong. This can even be traced to the example of the Kucoin exchange, which was originally planned to open in China, but was moved to Hong Kong due to bans. However, it's too early to say that Hong Kong was the new center of the crypto-international world. Japan aspires to such a title without groundlessness. There now about 40 percent of all transactions in bitcoin are performed, and a very favorable situation is created for the development of the crypto currency.
I agree with you here. You make many valid points. I still remember how the market took off at this point last year due to Japan embracing crypto wholeheartedly, but it looks like the same won't happen this year. The entire Chinese and Korean ban on crypto followed by India recently has seriously hit the crypto market badly, but this does not mean that Hong Kong is the new crypto hub. This further reinforces the fact that Japan is the central crypto hub since majority of the crypto investors are from Japan itself and they have a tight grip on the market itself.