The arrival of one of the greatest events of the Web3 industry in Hong Kong tests the solution of the city to become a virtual center of funds, while organizers view their imprint in Asia.
Hong Kong consensus, a three-day event focused and focused on the Criptocurrency, which starts on Tuesday, leaning into the reputation of the city of traditional financial hubs.
“Of course, we know our strength, and is the capital market,” King Leung, Global Head of Financial Services, Fintech and Sustainability in Investhk.
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Consensus Hong Kong Chairman Michael Lau (left) with the Head of Financial Services Investhk and Fintech King Leung in Investhk offices in Central 13. February. PHOTO: Matt Haldane Alt = Consensus Hong Kong President Michael Lau (left) with Inbound Lef and Fintech King Leung at Investhk offices in Central 13. February. Photo: Matt Haldane>
Michael Lau, President of Hong Kong consensus and the Head of Business Development at Criptocurstly Berza Bullish, echoed that feeling.
“Choosing Hong Kong was a pretty strategic decision, because this technology is one of the great topics … (yes)” traditional finance is enabled by this technology, “Lau said in a joint interview with Leung’s office of Investhk 13. February.
The Hong Kong consensus is the first main expansion of one of the conferences on the Premier Industry, the CRIPTO news about irregularities with FTX and irregularities led to a drop in the crypt’s exchange, in November 2023. Years.
Meanwhile, Hong Kong, meanwhile, wanted to show their constant commitment a growing sector of the virtual asset, and at the same time illustrates its capacity to host major industrial events.
One of the warmest topics in the industry is currently stablecoins, which are associated with FIAT currencies such as the US dollar and therefore have more traditional financial applications than other cryptocurries. Hong Kong reading regulations on Stablecoin, which will monitor the city de facto central banks, Monetary Administration of Hong Kong.
“Stablecoins was one of those places where it was a very great product market when it came out,” Lau said. “Because people realized that it is really, a really great tool for the ability to do so to make a way of payment in a way that makes it more efficient and … keep more beneficiaries.”
The new COINDESK event comes two months after the editorial was swinging controversy over the shooting editor, including its main editor, allegedly for the story of the founder of the throne Justin Sun. In the article, the Callan Quinn reporter hit the tone in the form of language Public eating of the sun bananas It was part of a conceptual work of art Comedianwhich crypto entrepreneur Bought for $ 6.2 million.
Fortune was reported in December that Bullish fired the editors, raising the issues of editorial independence and conflicts of interest. Kuinn said he resigned after learning to release and blamed the throne due to unnecessary influence. The throne is a top sponsor of Hong Kong’s consensus.
“We have great respect for journalists and important jobs of work,” Tron said when he asked for a comment. “The inner things on COINDEK are their job and we cannot speculate or comment on their behalf.”
Bullish did not answer the request for comment on that question.
However, before polemino, however, an investment – a government group of task to bring a job to the city – was in conversation with COINDESKA during their new consensus event outside North America, according to Leiung.
“We have a lot of Web3, Cripto Domorocity in Hong Kong, who attend consensus for years, so we already have a very strong fan base,” Leung said.
It is in the middle of becoming global virtual means for virtual assets, Hong Kong deals with seismic shifts in the crypto industry. Re-choice now Cripto-friendly Donald Trump Trump on US Presidency sent the price Bitcoin in a record high.
Lau noted that the consensus Hong Kong was the first major industrial event than Trump inauguration 20. January. Until he gave specific numbers for registered participants, said more than 100 countries and a great influx of people reflects how it moves in the United States. They increased interest in this area.
“The fact that you have a database of spreading different governments that show public support and more regulators that provide clarity, all these things are quite positive,” Lau said. “(Sentiment) must have moved safely because suddenly speeds up – the excitement about it, the adoption around this.”
The CRIPTO adoption has long been higher in Asia than in other parts of the world, which have attributed to factors, including a large population under inadequate. Sliding data from the coider survey last year, Lau said that the CRIPTO was adopted in Asia in the amount of 22 percent, almost three times in a global average of 7.8 percent.
Hong Kong, once Home of leading crippto companies As Cripto.com and FTX, he lost the edge when signaled the 2020 regulator. Years. Although he was trying to reverse the course through greater regulatory clarity of 2022. years, there is a larger competition, especially competition, especially in Singapore.
However, Lau and Leung say Hong Kong has no competition when it comes to liquidity and capital markets, pointing to a much larger market for the initial public offer.
“Anything related to innovation, related to capital markets, and then Hong Kong must be a natural choice,” Leung said.
La Sam has a strong connection with Hong Kong. 16 years was based in the city, even as New York Bikov has established its regional seat in Singapore. But while Lau said he was happy to see that the consensus came to his home town, insisting that the real reason for the reason in the selection of the location was entirely.
“There are very few places in the world where you could do something like this,” he said. “Where you have a vision of what we want to bring, the environment that supports, as well as the infrastructure in order to make it.”
