Local lawmaker Johnny Ng announced that this year, Hong Kong will host The Bitcoin Conference, which is considered the world’s largest fintech conference. Ng expressed his enthusiasm by stating, “The Bitcoin conference, the world’s largest fintech conference, is coming to Hong Kong. Let’s paint the city orange!”
Conference Details and Significance
The Bitcoin (BTC) Conference’s official account confirmed that the event will take place at Hong Kong’s prestigious Kai Tak Cruise Terminal from May 9 to 10. By hosting this conference, Hong Kong demonstrates its commitment to embracing the digital currency revolution, aligning with its reputation as a financial and technological hub.
The conference aims to gather leading experts, innovators, and policymakers worldwide to engage in dialogue, exchange ideas, and explore the potential of Bitcoin and other cryptocurrencies in the digital economy. A key focus will be on regulatory frameworks and discussions on how regulations can adapt to the changing landscape of digital currencies.
Besides regulatory topics, the conference will also feature the latest advances in blockchain technology, which is the foundation of Bitcoin with applications extending beyond cryptocurrencies.
“I hope that Hong Kong… can swiftly secure a position globally, particularly by taking the lead in implementing relevant policies and products in Asia.” – Johnny Ng
In response to the U.S.’s approval of spot Bitcoin ETFs, Johnny Ng, a member of the Hong Kong Legislative Council, urged the local government to follow suit promptly to establish the city as a cryptocurrency leader. Ng stressed the importance of encouraging innovation and solidifying Hong Kong’s standing as a global center for virtual assets.
Hong Kong’s Securities and Futures Commission and the Hong Kong Monetary Authority reviewed their policies concerning spot crypto ETFs, highlighting their commitment to creating an enabling environment for crypto investment products. Livio Weng, COO of HashKey, a Hong Kong-based crypto exchange, disclosed that 10 fund managers, some with Chinese capital backing, are exploring the launch of spot crypto ETFs in the city.