The arrival of one of the biggest Web3 industry events in Hong Kong is testing the city’s resolve in becoming a virtual asset hub, while the organisers look to expand their footprint in Asia. Consensus Hong Kong, a three-day cryptocurrency- and blockchain-focused event that kicks off on Tuesday, is leaning heavily into the city’s reputation…
Jeremy Allaire, CEO of the USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important market for settlements as stablecoins become a critical part of that infrastructure. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong…
The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings published on Wednesday by research firm Chainalysis. It said Hong Kong saw an 85.6 per cent year-on-year surge in cryptocurrency transaction value, the largest growth seen in East Asia. Hong Kong regulators’ acceptance…