On the other hand the US Government seems to be ready to create an unpopular legislation in spite of millions of their very own crypto enthusiasts,
I wonder why?
Hong Kong has now become a country where everyday life is completely digital, Hong Kong people cannot live without digital, that is the fact that is happening there, We know that Hong Kong has now become a field for world investors and thousands of companies are investing there in the form of digital assets, so my understanding is that it is very natural that the law made by the government regarding crypto is for legal purposes, they want to make Hong Kong a central countrydigital-based global.
The information you mention here, it is all possible within reason.
Among the countries with maximum blockchain startups, Hong Kong has three blockchain startups per 100,000 people, which places it in second place on the list.
Switzerland tops the list with maximum blockchain startups, 12.9 per 100,000 residents or a total of 1,128, the report said.
Hong Kong, Switzerland, Panama, Portugal, Germany, Malaysia, and Turkey have the lowest crypto taxes as profits made from cryptocurrency trading are exempt from capital gains tax for individuals.
So considering the low taxes, it could make many investors flock to invest in Hong Kong. Plus, government support has enabled Hong Kong to implement positive laws for digital currency there.