Bitcoin Asia 2024 grandly opened in Hong Kong.

On May 9, 2024, the Bitcoin Asia 2024 summit opened grandly at the Kai Tak Cruise Terminal in Hong Kong. As a leading global Web3 financial technology summit, with an annual attendance of over 50,000 people in the United States, the summit aims to promote the global development and cooperation of Bitcoin and Web3 technologies.

The Bitcoin summit was held for the first time in Asia and settled in Hong Kong. The first day of the event attracted over 10,000 participants from around the world, highlighting Hong Kong as a global center for Web3 and virtual assets. This summit is not only a platform for technical exchange but also an important step in promoting global economic innovation, bringing together experts, technology developers, investors, and over 50 exhibitors from around the world to discuss the future development of Bitcoin and Blockchain technology.

The opening ceremony of the summit invited four Hong Kong Legislative Council members to serve as guests of honor, including Dr. Joseph Lee, Mr. Charles Mok, Mr. Dennis Kwok, and Mr. Ronny Tong. Dr. Joseph Lee, a member of the Hong Kong Legislative Council, emphasized Hong Kong's active promotion of Web3 development as an international financial and innovation center. Since the release of the "Policy Declaration on the Development of Virtual Assets in Hong Kong" in October 2022, the virtual asset (VA) market has rapidly developed, demonstrating the government's commitment to exploring industry financial innovation. The government approved the listing of Bitcoin and Ethereum spot ETFs in December 2022 and established a licensing system and regulatory requirements for Virtual Asset Service Providers (VASPs) on June 1, 2023. Retail investors can now access Bitcoin and Ethereum (ETH) trading services.

Additionally, the summit featured multiple thematic discussions and workshops covering various aspects of blockchain technology such as security, legal environment, and market trends. Moreover, over 50 exhibitors showcased the latest applications and ecosystems of Bitcoin and Web3 technologies, providing participants with opportunities for in-depth understanding and experience. Industry-leading thought leaders and innovators also shared their insights and predictions to help participants grasp the industry's development trends.