The world's largest Web3 conference, Consensus Hong Kong, will be held for the first time in Asia

Consensus, the world's largest Web3 conference, will move from its traditional location in Austin, Texas, to holding its event in Hong Kong this year.
This decision is interpreted as a response to Hong Kong's recent efforts to absorb cryptocurrency capital while relaxing regulations. With Asia accounting for a very large share of the cryptocurrency market,
The plan is for Hong Kong to surpass Singapore as the new digital asset hub of Asia.
On the 17th, CoinDesk, the organizer of Consensus, announced that it will hold the "Consensus
The event is expected to feature 270 speakers and thousands of participants from over 90 countries.
The most notable speaker was Paul Chan.
Chan, Hong Kong's financial minister. He gave the opening speech in person on the 19th, and explained how the Hong Kong government will handle crypto assets.
The Financial Secretary will be in charge of spearheading Hong Kong's overall economic policy, so this is expected to be the most anticipated speech at the event.
There was also a session to explain how Hong Kong has become a digital asset hub from a regulatory perspective.
Chairman Julia Leung is expected to attend the event and give an update on Hong Kong's cryptocurrency regulation.
In addition, many executives from well-known blockchain companies are expected to participate.
Adam Back, CEO of Blockstream, and Samson Moh, CEO of JAN3, both of whom are known for their strong business.
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Lily Liu, president of the Solana Foundation, and Evan Chen, founder of Sui, also spoke.
Cheng, Robinhood's head of crypto assets, Johann Kerblatt
Binance CEO Richard Teng will also share his outlook for the cryptocurrency industry this year.
Will Hong Kong, the "latecomer," surpass Singapore? The industry is paying close attention. This is the largest cryptocurrency-related event held in Hong Kong so far, so participants are
CoinDesk sees the event as an opportunity to get a glimpse into Hong Kong's potential as a digital asset hub. "Hong Kong has become one of the most economically open countries," it said.
"We are in a more advantageous position than Japan or South Korea," he said. However, the country opened its doors to the cryptocurrency sector later than Singapore.
Still, he believes Hong Kong can bring about crypto hegemony.
The rationale is that Singapore went through trial and error in quickly establishing regulations when the cryptocurrency ecosystem was not yet fully established, but Hong Kong poses less of a risk of this.
Duncan Chiu, chairman of the Hong Kong Legislative Council's Technology and Innovation Committee, said, "Even though we may be a latecomer, we entered the market with a clear vision.
"In fact, it's better," he said. He cited Hong Kong's view of most crypto assets as "products" as the basis for this. Singapore was one of the first to establish regulations in 2017-2018.
Previously, most cryptocurrencies were considered "payment methods," but now that the market has matured, most cryptocurrencies are used more like commodities than payment methods.
"Hong Kong was a late starter, but we are seeing patterns in how crypto assets are being used," Chiu said.
I'm glad we have a clearer understanding now."