Animoca: China’s Approval Is Essential for Hong Kong’s Crypto Adoption

Hong Kong’s rapid embrace of cryptocurrency and Web3 technology reflects significant advancements in mainland China, according to Animoca co-founder Yat Siu. Siu pointed to China’s Web3 whitepaper release in May, showcasing the country’s focus on internet tech. Hong Kong’s crypto-friendly regulations have garnered attention in mainland China, providing a potential pathway for Asian countries like Japan, Korea, and China to challenge US tech dominance. Siu believes Web3 offers an opportunity for breaking away from US-centric technologies.