A Hong Kong legislator invited global virtual assets trading operators, such as crypto exchange Coinbase to come and register within the region.

Hong Kong Securities and Futures Commission began accepting crypto platform license applications on June 1,. The crypto firms that are registered under this license can serve retail customers and must comply with the rules prohibiting incentives such as airdrops.

In a Saturday tweet , Hong Kong Legislative Council member Johnny Ng stated: “I hereby invite all global virtual assets trading operators including @coinbase for further development plans and application of official trading platform to come to HK.”

CoinDesk received a tweet from a Coinbase representative stating that the company was committed to working with regulators who have high standards in both U.S.-based and non-U.S.-based jurisdictions.

Ng’s invitation comes in the midst of a U.S. crackdown against crypto exchanges such as Binance and Cobase. Both have been recently sued by the U.S. Securities and Exchange Commission for allegedly breaking federal securities laws.

Brian Armstrong, Coinbase CEO, stated in April that if the regulatory environment around crypto continues to be unclear, the company may consider moving outside of the U.S.

Tom Duff Gordon, Vice President for International Policy, Coinbase, stated in an interview that Coinbase now plans to expand internationally.

Duff-Gordon stated that Coinbase was “really excited” to expand overseas.

Duff-Gordon said that the company was trying to construct in Abu Dhabi Canada as well as waiting to be approved to register in Singapore.

Duff-Gordon stated that the company, while operating in the U.K. under CB Payments Limited which is regulated and authorized by the Financial Conduct Authority, hopes to apply for an authorization under the U.K. new Crypto regime when it’s finalized.

Duff-Gordon says that while international expansion is Coinbase’s main focus, the company isn’t ready to abandon the U.S.

Duff-Gordon stated that the easiest thing to do for them would be to run away, but this is not what they are doing. “We want to be the voice of the industry in order to fight and stand up for regulatory clarity here in the U.S.”

Toby Leah Bochan is the editor.