Hong Kong is set to host The Bitcoin Conference this year, as confirmed by local lawmaker Johnny Ng. The event, touted as the world’s largest fintech conference, will take place at Hong Kong’s Kai Tak Cruise Terminal on May 9 to 10, according to official announcements. This move underscores Hong Kong’s commitment to embracing the digital currency revolution and aligns with its established reputation as a financial and technological hub.
What is The Bitcoin Conference?
The Bitcoin Conference, recognized as the globe’s largest Bitcoin event, strives to unite foremost experts, innovators, and policymakers globally. Its aim is to facilitate dialogue, idea exchange, and exploration of Bitcoin and other cryptocurrencies’ potential in the evolving digital economy.
A pivotal focus of the conference will be regulatory frameworks, delving into discussions on how regulations can adapt to the swiftly evolving digital currency landscape. Beyond regulatory matters, the event will spotlight the latest advancements in blockchain technology, showcasing its applications that extend well beyond cryptocurrencies.
Ng Advocates for Hong Kong to Emulate the US by Approving Spot ETFs
Following the US approval of spot Bitcoin ETFs, Ng, a member of the Hong Kong Legislative Council, urges the local government to swiftly follow suit. He stresses the importance of fostering innovation to solidify Hong Kong’s position as a global hub for virtual assets.
Ng highlights the readiness of the Securities and Futures Commission to accept applications for spot Bitcoin ETFs, emphasizing the need for Hong Kong to capitalize on the rapid development and intense competition in the virtual asset sector.
Recent announcements by regulatory bodies indicate their commitment to creating a conducive environment for the development of crypto investment products. Livio Weng, COO of Hong Kong-based crypto exchange HashKey, reveals that 10 fund managers, some with Chinese backing, are exploring the launch of spot crypto ETFs in the city.
