CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Consensus Hong Kong: A Gateway to Asia's Emerging Trends
Jan 13, 2025
Michael Lau, Chairman of Consensus Hong Kong, shares insights on Hong Kong's ambition to be a leading Web3 hub. He discusses the regulatory landscape paving the way for cryptocurrency growth and institutional interest in the region. The conversation highlights upcoming trends in Asia's digital asset market, as well as the significance of the Consensus conference in 2025. Lau notes how the event will provide unique local experiences and showcase the convergence of AI and blockchain technology, marking a new era in global finance.
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Hong Kong's Web3 Ambitions
- Hong Kong aims to be a Web3 hub, focusing on regulatory clarity for digital asset adoption.
- Key developments include licensed exchanges, Bitcoin and Ethereum ETFs, and stablecoin regulations.
Hong Kong's Market Convergence
- Hong Kong's strength lies in its convergence of traditional and crypto markets due to its established financial hub status.
- This convergence, driven by institutional interest, creates unique opportunities in the Web3 space.
Hong Kong's Web3 History
- Hong Kong has a history in Web3, but COVID-19 restrictions led to some businesses relocating.
- Now, Hong Kong is actively working to regain its position as a hub for innovative companies.