Hong Kong is positioning itself as crypto’s global connector, says lawmaker Johnny Ng
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Johnny Ng is not interested in zero-sum crypto politics. As regulators in Washington, Beijing and elsewhere in Asia chart their own paths for digital assets, the Hong Kong legislator is focused on something else entirely: building connective tissue between markets, technologies, and jurisdictions that rarely move in sync. Representing the technology sector in Hong Kong’s Legislative Council – the city’s parliament – Ng, who will be speaking at CoinDesk’s Consensus Hong Kong conference next month, has emerged as one of the city’s most vocal advocates for Web3 and digital assets. Over the past two years, he has pushed through stablecoin legislation, backed crypto exchange licensing and helped position Hong Kong as an early mover in regulated crypto finance. But he said his broader ambition is structural. He sees Hong Kong as a bridge, not a battleground, between East and West, and between traditional finance and crypto-native innovation. “Crypto and Web3 are really highly linked with the traditional financial system,” Ng said in an interview with CoinDesk at his legislative office in Hong Kong. Hong Kong’s role, in his view, starts with its existing strengths: easily understood common law, English language courts, free capital flows, and a dense concentration of global banks, asset managers, lawyers, and auditors. “Hong Kong is one of the largest international finance centers,” he said, arguing that this foundation allows the city to build a crypto hub that is “safe, secure and moving along the way.” That positioning becomes more powerful when viewed through the lens of the Greater Bay Area, an initiative by the government of Hong Kong to increase trade among it, major hubs in neighboring Shenzhen and Macau – the other Special Administrative Region of China, he said. While Shenzhen is best known as the workshop of the world, with factories that churn out…
Filed under: News - @ February 1, 2026 7:12 pm