As a major fiat trading capital, the tightening of regulations will either
"safeguard investors and keep a lid on the industry"
or
“The cost of regulations will be high. The requirements of the SFC initiative may prove too burdensome for some operators.”
Malta waits in the wings for the rest of the world. Maybe the whole HK finance system goes down in a pile of red tape.
Time will tell
https://www.ccn.com/hong-kong-regulators-set-to-tighten-cryptocurrency-laws/