Hong Kong is a Chinese territory with an independent legal and government system, and the rights of citizens are separate from its parent country. Regarding regulations, investing in crypto in Hong Kong is currently legal, it can be said that Hong Kong has the clearest and most detailed requirements for licensing of VASPs. 9 major exchanges are based in that region.

But one of the local financial institutions there has made a proposal for new limits on crypto-based investment or companies. If this proposal becomes a new policy, I doubt that the Bitcoin ATM business in Hong Kong will have the prospects as previously expected.