Published on September 15, 2023 09:53 GMT+00:00edited on September 15, 2023 09:54 GMT+00:00

Hong Kong Legislative Council member Johnny Ng responded to comments from Ethereum co-founder Vitalik Buterin raising concerns about the stability of the crypto climate in Hong Kong, inviting him to visit the city.

“I respect his right to speak, but at the same time, I think he does not understand the situation in Hong Kong.” Ng wrote on X (formerly Twitter) today. “Hong Kong's policies and laws will not change overnight. All relevant strategies and regulations have gone through major social consensus and complete procedures. Therefore, I can tell Mr. Buterin that Hong Kong's policies are very stable.”

Ng added he was happy to coordinate with relevant institutions and enterprises to demonstrate Hong Kong’s crypto environment.

Speaking at the Web3 Transitions Summit in Singapore …