Ethereum co-founder Vitalik Buterin cautioned cryptocurrency projects building in Hong Kong to evaluate the long-term stability of the government's crypto-friendly stance.
"The big question that I'm asking and that I think anyone is asking is: how stable is the level of friendliness?" — Vitalik Buterin at the Web3 Transitions Summit.
Buterin noted the contrast between Hong Kong’s "welcome mat" and the Chinese mainland’s crackdown. He emphasized that for a project to make Hong Kong its home, it needs confidence that the environment will remain friendly through future unknown regulatory and political events.