In mid-April, Hong Kong's annual web3 festival drew in over 50,000 attendees. There were noticeably more non-Chinese attendees compared to last year, when the event felt like a gathering of crypto refugees fleeing mainland China's restrictive policy.
Excitement around Hong Kong's web3 scene started to bubble up again last June when the government made it legal for retail investors to trade crypto, and the city has implemented measures to regulate crypto-related activities, including a sandbox for stablecoin issuance and a licensing regime for crypto exchange operators.
[
add
]
[
|
|
...
]