Hong Kong to host major cryptocurrency conference in 2025 to attract virtual asset firms

Hong Kong to host major cryptocurrency conference in 2025 to attract virtual asset firms is profiled by BTW Media because public-source evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

• Over the past year, the Hong Kong government has steadily expanded the legal tools available to regulate the virtual asset industry in order to attract such businesses.
• Both local and Mainland China have responded positively to Hong Kong’s range of supportive policies and new regulatory framework. But few major international companies and events have really committed to the city.

OUR TAKE
The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong. This will be one of the largest international crypto conferences since  the Asian financial centre committed to embracing and growing its virtual asset industry by the end of 2022. This year‘s event will be held in Austin, Texas, in May.”The event will take place at the Hong Kong Convention and Exhibition Centre next year, aiming to attract around 10,000 attendees”, according to the conference host CoinDesk,  a US cryptocurrency media outlet, said on Thursday. Hong Kong government is gradually attracting global virtual asset firms.
-Jennifer YU, BTW reporter

Mainland China and Hong Kong

Local and Mainland China have responded positively to Hong Kong’s serious of actions and policies. But till now, few major international firms and events have yet to commit to the city. In recent years, the Hong Kong Government’s control and restrictions of the coronavirus and the immaturity of the development of the new industry have led to a massive loss of clientele from Hong Kong.

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Hong Kong’s ambitions

According to South China Morning Post, InvestHK’s head of financial services and fintech King Leung believes that “As Hong Kong pursues its crypto hub ambitions, government bodies including InvestHK and the Hong Kong Tourism Board have jointly worked on bringing Consensus to the city.”

“While the first wave of interest in Hong Kong’s Web3 initiatives came from overseas Chinese crypto entrepreneurs, international players – particularly US firms – started looking into the market since mid last year, “Leng said.

The Hong Kong government has over the past year steadily expanded the legal tools available to regulate the virtual asset industry in order to attract such businesses.