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Yat Siu on East vs. West Culture, Neo-Capitalism, and Onchain Property Rights

March 5, 2025, 11:15 PM
Yat Siu on East vs. West Culture, Neo-Capitalism, and Onchain Property Rights
mins
Why Hong Kong is embracing stablecoins, institutional capital, and Web3 gaming.

Hong Kong is strategically positioning itself as a key web3 hub, and there are good reasons to watch what's happening there.

A major highlight from Consensus Hong Kong is the quickly evolving regulatory landscape. Recently, Animoca Brands teamed up with Standard Chartered and Hong Kong Telecom to launch a regulated HKD stablecoin – one of the first with direct backing from a major bank and official HKMA regulation.

The bigger picture? Network effects drive success. Whether it's stablecoins bringing new users onboard or Web3 gaming driving engagement, long-term winners are those building lasting communities and sustainable economies.

That's what we're diving into today with Animoca Brands Chairman, Yat Siu. We get deep into Hong Kong's emergence as a web3 center, shifting views on stablecoins, and how crypto adoption in Asia differs from Western markets.

Let's jump in.

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