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Justin Sun announces his return to Hong Kong

justin-sun-announces-his-return-to-hong-kong
Edited by
News
Justin Sun announces his return to Hong Kong

Tron founder Justin Sun announced his plan to return to Hong Kong on Twitter after he claimed to be suffering from homesickness and fear of missing out (FOMO).

Hong Kong as a key market for Huobi

Justin Sun claims to be homesick and plans to return to Hong Kong on April 11.

Justin Sun, Chinese-born cryptocurrency entrepreneur and business leader, announced on April 10 his plans to go back to Hong Kong.

He stated that he couldn’t hold back his homesickness and that he has FOMO. 

https://twitter.com/justinsuntron/status/1645351230426980358

This happened days after the cryptocurrency KOL announced his conclusion of an ambassadorial term for Grenada on March 31. He declared his intention to return to crypto as one of his future professional goals. 

However, this choice might have happened after Huobi began development Hong Kong.

Hong Kong transforms policy to become a crypto hub

According to Bloomberg, Huobi announced its ambition to increase its presence in Hong Kong to take advantage of the city’s growing interest in cryptocurrencies.

However, Sun, who happens to be an adviser at Huobi, claimed that the company viewed Hong Kong as a significant market for commercial expansion. He also stated that Hong Kong was one of China’s experiment zones for crypto development.

Hong Kong is making changes as it transforms its policy to become a hub for digital assets. Bloomberg also stated that Sun invested $1 billion in November 2022 to acquire about 60% of Huobi.

Huobi hopes that Hong Kong will loosen its cryptocurrency restrictions due to Hong Kong’s pro-crypto turn. This would make it easier for people to access its services.