Hong Kong Legislative Council member Johnny Ng has invited Ethereum (ETH) co-founder Vitalik Buterin to the region so that he can gain insights into its approach to cryptocurrency projects, according to a Sept. 15 post on X, formerly Twitter.

On Sept. 14, Buterin, speaking at the Web3 Transitions Summit in Singapore, reportedly advised cryptocurrency projects to carefully assess the stability of Hong Kong’s crypto regulatory environment, noting that the complex relationship between the city-state and Mainland China could pose challenges for ventures operating in the region.

According to Buterin, he has difficulty judging if the current level of friendliness towards crypto could be sustained for a long time, considering China’s open antagonism to the emerging industry.

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