On August 28, 2025, the second Asian Bitcoin Conference grandly opened in Hong Kong, attracting top figures from the global virtual currency field. The conference set a registration record of over 17,000 tickets, with attendance nearly three times that of last year, showcasing the rapid development of the Asian cryptocurrency community. Approximately 15,000 fans are expected to attend, making it the second largest Bitcoin-themed event in the world. The conference not only positions Hong Kong as a leading center for digital assets but also demonstrates its efforts to balance innovation and regulation through strict regulatory measures.

Star Guests and Political Sensitivity Draw Attention

One of the highlights of the conference was the appearance of Eric Trump, son of U.S. President Donald Trump, as a star speaker. His presence attracted significant attention but also sparked controversy due to political sensitivity. The Executive Director of the Hong Kong Securities and Futures Commission (SFC), Yip Chi-hang, and pro-Beijing Legislative Council member Wu Jiezhi withdrew from the event as a result. Reports indicate that some officials suggested avoiding the invitation of Eric Trump to mitigate political risks. Nevertheless, the conference still provided a platform for regulators, entrepreneurs, and cryptocurrency companies to discuss the relationship between innovation and regulation.

Promoting Healthy Development of the Digital Asset Ecosystem

One of the themes of the conference focused on how digital asset custody is shifting from mere token holding to a healthier financial ecosystem. Abel Seow, Managing Director and Head of Asia Pacific at BitGo, pointed out that companies should not view their funds as a passive storage tool for crypto assets but should leverage these resources to drive innovation and build a sustainable market. He emphasized that the next phase of development will revolve around attracting institutional investors and enhancing trust in cryptocurrencies.

Shen Jianjun, Financial Technology Policy Manager at the Hong Kong SFC, stated that Hong Kong is committed to becoming a pioneer in setting global rules for digital assets. By actively participating in multilateral and bilateral discussions, Hong Kong is striving to play a significant role in global rule-making. Other speakers unanimously agreed that regulation is at the core of cryptocurrency development. With the U.S. and Europe having established new regulatory benchmarks, Asia, particularly Hong Kong, is seen as the next frontier for coordinating global cryptocurrency trading rules.

New Regulations on Stablecoins and Regulatory Upgrades in Hong Kong

The conference coincided with the introduction of Hong Kong's important new law, the "Stablecoin Act." This law, which took effect on May 21, 2025, requires operators of Hong Kong dollar-backed stablecoins to obtain a license from the Hong Kong Monetary Authority and imposes strict regulations on reserves, redemption rights, and risk management. This initiative aims to protect investors and enhance public trust in the financial system, but it also brings higher compliance costs and restrictions on unlicensed issuance or marketing of stablecoins, dampening some corporate enthusiasm.

Additionally, the Hong Kong SFC began research in February 2025 on cryptocurrency derivatives and margin financing rules for professional investors. Currently, Hong Kong has issued nine digital asset trading licenses, with another eight applications under review. These measures reflect Hong Kong's efforts to strike a balance between attracting international cryptocurrency investment and mitigating risks to the financial system.

The Asian Bitcoin 2025 Conference not only showcased Hong Kong's ambition as a global digital asset center but also highlighted its cautious balance between regulation and innovation. Through a strict regulatory framework and active participation in global rule-making, Hong Kong is striving to become a leader in the digital asset field. The successful hosting of the conference marks the vigorous development of the Asian cryptocurrency community while also pointing the way for future financial ecosystem innovations.

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