Bitcoin Asia 2024 grandly opened in Hong Kong

On May 9, 2024, the Bitcoin Asia 2024 summit grandly opened at the Kai Tak Cruise Terminal in Hong Kong. As a leading global Web3 fintech summit held annually in the United States, it attracts over 50,000 participants. The purpose of the summit is to promote the global development and cooperation of Bitcoin and Web3 technology.

The Bitcoin summit is being held for the first time in Asia and has settled in Hong Kong. The first day's activities attracted over 10,000 participants from around the world, highlighting Hong Kong as one of the global centers for Web3 and virtual assets. This summit is not only a platform for technological exchange but also an important step in promoting global economic innovation, gathering experts, technology developers, investors, and over 50 exhibitors from around the world to discuss the future development of Bitcoin and blockchain technology.

The opening ceremony of the summit invited four members of the Hong Kong Legislative Council as guest speakers, including Dr. Wu Jiezhuang, Qiu Dagen, Li Zhenqiang, and Shang Hailong. Among them, Dr. Wu Jiezhuang delivered a speech, emphasizing that Hong Kong, as an international financial and innovation center, is actively promoting Web3 development. Since the release of the "Policy Declaration on the Development of Virtual Assets in Hong Kong" in October 2022, the virtual asset (VA) market has rapidly developed, demonstrating the government's commitment to exploring financial innovation in the industry. In December 2022, the government approved the listing of Bitcoin and Ethereum spot ETFs and established a licensing system and regulatory requirements for virtual asset service providers (VASPs) on June 1, 2023. Retail investors can now access Bitcoin and Ethereum (ETH) trading services.

Additionally, the summit features multiple panel discussions and workshops covering various aspects of blockchain technology, such as security, legal environment, and market trends. Furthermore, over 50 exhibitors showcased the latest applications and ecosystems of Bitcoin and Web3 technology, providing participants with opportunities for in-depth understanding and experience. Leading thought leaders and innovators in the industry will also share their insights and predictions to help participants grasp the development trends in the industry.

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Bitcoin Asia
May 9, 2024