While Tokyo and Hong Kong may not have made CoinDesk’s CryptoHubs2023 list, emilydparker suggests we shouldn't be so quick to dismiss them. Either of these two cities could be the next big crypto destination. An opinion:
message. So why didn’t they make the list? One possible reason is that even though neither are new to crypto, both retreated from the spotlight for some period of time. But now, Japan and Hong Kong are poised to become increasingly important players in the crypto world.
Let’s start with Japan, which is actively trying to position itself as a Web3 powerhouse. To be clear, Japan is hardly a newcomer. But after the cryptocurrency exchange Coincheck was hacked in early 2018, the country went into something like hibernation. Regulators tightened the reins, and the mood in the crypto community was not particularly upbeat.
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