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Good news for all the crypto enthusiasts out there. The Hong Kong Cryptocurrency Conference will be held in Hong Kong. It was earlier anticipated that this conference would be held in Hong Kong and since then there has been many news around it. Here is all that you need to know about the Hong Kong cryptocurrency conference.
Hong Kong Cryptocurrency Conference
#hongkong
The 2025 Consensus one of the world’s biggest cryptocurrency-themed conferences is here for all the cryptocurrency fanatics. The Hong Kong Cryptocurrency conference will be held in Hong Kong as the city’s government woos global virtual asset businesses to become a hub.
Significance Of The Hong Kong Conference
The event will be one of the biggest events for cryptocurrency experts. It will be held in Hong Kong since the Asian financial hub pledged in late 2022 to fully embrace and develop its virtual asset industry. This year, the conference will be held in Austin, Texas in May. So yes, the Hong Kong conference is a stepping stone for the industry players. It is of high importance for those who are interested in crypto.
As for local and Chinese mainland, they have responded quite positively to the Hong Kong conference. For the Hong Kong conference, they have devised many regulatory frameworks. Right now many people are still very sceptical because of Covid. However, it is confirmed by the Hong Kong Conference that proper regulatory measures will be followed.
Good News Attendees
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Attendees can expect crypto companies from the US, Europe, and the Middle East to participate in next year’s event,m as well as Fortune 500 CEOs, movie stars, athletes, and musicians, Foster Wright, president of CoinDesk, told Post on Wednesday. The management of the Hong Kong conference has also expanded its toolkit and has checked all the measures to attest to the quality of the conference. Furthermore, in this conference, Hong Kong will move towards regulating stable coins and over-the-counter crypto shops and will introduce new rules for banks providing virtual asset custody services.
Moreover, Hong Kong claims that the event will be one of the biggest and will aim to attract more than 10,000 people. The event will be one of the biggest events held internally on a very large scale. Furthermore, the 2024 edition of the event will be held in Austin, Texas and that too in the coming May.
Hong Kong aims to enter the world of cryptocurrency and with that said so, they aim to make this year’s event as large-scale as they can. Attendees can also expect many other US crypto companies, Europe and the Middle East to participate in next year’s Crypto event. As well as the rumour has it that, many athletes, movie superstars, and celebrities will be present there.
Hong Kong And It’s Initiatives
Hong Kong aims to expand its progress in cryptocurrency. The Hong Kong government has over the past year steadily expanded its legal toolkit to supervise the virtual asset industry as it moves to attract more businesses.
It was after this that the government of Hong Kong put a mandatory license regime for centralised cryptocurrency exchanges, allowing them to serve retail investors. A total of 24 firms all with ties to mainland China or Hong Kong, submitted licenses which include many bug platforms as well.
Moreover, Hong Kong is also moving towards regulating stable coins and over-the-counter crypto shops and has introduced new rules for the banks providing virtual asset custody services.
While the first wave of interest in Hong Kong’s Web 3 initiatives came from overseas Chinese crypto entrepreneurs, international players which also included a lot of US firms also came in. This means that Hong Kong is determined to give a platform to local and international players.
Read more: 10 Alt Coins That Will Make Crypto Traders Rich In March
Also read: Bitcoin Continues To Rise
