King Leung’s Adventure to Tokyo

In a mission that’s part diplomatic trip, part fintech reconnaissance, King Leung, a bigwig in Hong Kong’s fintech scene, hopped on a plane to Japan. Why? To figure out just what makes the Land of the Rising Sun tick when it comes to crypto regulations. In an exclusive chat with Cointelegraph’s Jesse Coghlan, King emphasized how vital it was to grasp the logic underpinning Japan’s regulatory framework.

The Push for a Crypto-Friendly Hong Kong

Back in October 2023, Hong Kong decided it didn’t want to just play in the crypto sandbox; it wanted to build the biggest, baddest castle. With the aim of becoming a global crypto hub, they rolled out policies meant to lure in businesses and pave the way for a friendly regulatory environment. Talk about ambitious!

Conversations That Matter

King also made the rounds in Tokyo, chatting with industry players—because what’s a trip without getting the lowdown from folks who are in the trenches? His mission? To gather insights and feedback that would eventually make their way back to Hong Kong’s policymakers. After all, who wouldn’t want the hottest takes on digital assets from one of the leading countries in the crypto space?

Digital Assets: The Future is Now

King shed light on a future where digital assets aren’t just trendy buzzwords but real moneymakers. Yes, we’re talking about tokenized bonds and revenue streams from internet protocols. His trip highlighted the strategic importance of Web3 as Hong Kong set its sight on economic progress. Who knew coding could lead to cash?

A Wave of Enthusiasm

Did you know that in March and April alone, there were over 100 events related to Web3 and digital assets in Hong Kong? King certainly didn’t expect such fervor—going so far as to call it “mind-boggling.” It seems like the government is scrambling to keep up with this crypto craze, but priorities have to be set, folks! The deliverables may not hit the streets by June 1, but rest assured, King and team are prioritizing impactful moves.