Tony Lu, Founding father of ASX International’s AUXSTO, just lately spoke on the Hong Kong Web3 Competition 2023, outlining the corporate’s plans to enter the Hong Kong cryptocurrency market.
Lu highlighted a number of key factors in his speech, highlighting the success of cryptocurrency regulation in Australia, the potential for complementary alternatives within the native Hong Kong market, the significance of upcoming cryptocurrency licensing within the second half of the 12 months and the constructive influence of cryptocurrencies within the total digital buying and selling financial system.
ASX International is actively collaborating within the utility for a Hong Kong cryptocurrency buying and selling license and sees it as a long-term strategic path to enter the Southeast Asian market.
Lu started his speech by highlighting the success of cryptocurrency regulation in Australia. He famous that Australia has collected huge expertise in regulating crypto property, contributing to the expansion and growth of the trade within the nation. With its sturdy regulatory framework and enabling surroundings, Australia has turn out to be a worldwide chief in cryptocurrency buying and selling.
Hong Kong can be taught from this expertise, Lu identified, as the 2 markets share similarities in regulatory necessities and enterprise practices, creating alternatives for mutual profit.
Moreover, Lu highlighted the significance of the upcoming issuance of cryptocurrency licenses in Hong Kong. He famous that the issuance of cryptocurrency buying and selling licenses within the second half of the 12 months will likely be an vital milestone for the trade as it’s going to present a transparent regulatory framework and authorized certainty for cryptocurrency exchanges and different associated actions.
The transfer is predicted to spice up investor confidence and entice extra institutional traders {and professional} merchants to the Hong Kong market, additional boosting the event of the cryptocurrency trade within the area.
Lu additionally highlighted the constructive influence of cryptocurrency buying and selling on the general digital financial system. He famous that the cryptocurrency market has turn out to be a key driver of the digital financial system, creating new alternatives for technological innovation, funding and monetary providers. Cryptocurrency transactions have the potential to drive financial development, create jobs, and promote monetary inclusion.
Lu pressured the significance of cryptocurrency buying and selling as a respectable and controlled monetary exercise, and the necessity for trade gamers to work carefully with regulators to create a wholesome and sustainable market surroundings.
As a part of its strategic plan, ASX International’s AUXSTO goals to actively take part within the technique of making use of for a Hong Kong cryptocurrency buying and selling license.
Lu stated Hong Kong’s strategic location, well-established monetary infrastructure and rising demand for cryptocurrency investments present a really perfect surroundings for ASX International to develop its enterprise and enter the South Asian market. -East.
The corporate views Hong Kong as an vital gateway to faucet into the area’s enormous cryptocurrency market potential and goals to determine a long-term enterprise to satisfy the wants of traders and merchants within the area.
Tony Lu’s presentation at Web3 Hong Kong 2023 highlighted ASX International’s plans to enter the Hong Kong cryptocurrency market. The corporate sees the success of cryptocurrency regulation in Australia, the upcoming launch of cryptocurrency licensing in Hong Kong, and the constructive influence of cryptocurrency buying and selling on the digital financial system as key drivers for its path. strategic.
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