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

The post Animoca: China’s Approval Is Essential for Hong Kong’s Crypto Adoption appeared first on Coinpedia Fintech News

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.