Hong Kong, with its rulebook and position as a fast-moving market hub in Asia, would be a logical place to move to. But the reality on the ground is that Hong Kong’s rulebook itself isn’t all that attractive to crypto exchanges. TheSamReynolds writes
So on paper Coinbase making a move to another jurisdiction would make sense, and Hong Kong, with its rulebook and traditional position as a fast-moving market hub in Asia, would be a logical place to move to.First, the number of tokens available to trade will be limited compared to what users can expect from established exchanges.
“Hong Kong's framework as it exists today is highly unattractive. The market is small and unproven, banking partnerships are non-existent, and products are highly restricted,” Leo Weese, co-founder and President of the Bitcoin Association of Hong Kong, told CoinDesk.
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