Changpeng Zhao, founder of Binance, highlighted Hong Kong's potential to become a leading hub for virtual assets, comparable to the U.S. and UAE. In an interview, Zhao emphasized the need for Hong Kong regulators to act swiftly to capitalize on this potential. He praised the Hong Kong government's clear stance on embracing Web3 and suggested reforms, including expanding the range of cryptocurrencies allowed on licensed exchanges, similar to Japan's model, where exchanges independently decide eligible tokens.