Tony Lu, founding father of ASX International’s AUXSTO, lately spoke on the Hong Kong Web3 Pageant 2023 the place he outlined 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, extra alternatives in Hong Kong’s native market, the significance of cryptocurrency licenses coming within the second half of the 12 months, and the optimistic affect of cryptocurrencies on the complete digital financial system.
ASX International is actively concerned in making use of for a cryptocurrency buying and selling license in Hong Kong and sees it as a long-term strategic course to penetrate the Southeast Asian market.
Lu started his speech by highlighting the success of cryptocurrency regulation in Australia. He famous that Australia has in depth expertise in regulating cryptocurrency property, contributing to the expansion and improvement of the business within the nation. With a robust regulatory framework and supportive setting, Australia has change into a world chief in cryptocurrency buying and selling.
Hong Kong can study from this expertise, Lu pressured, as each markets have related regulatory necessities and enterprise practices, creating alternatives for mutual profit.
As well as, Lu emphasised the significance of speedy issuance of cryptocurrency licenses in Hong Kong. He famous that the issuance of crypto buying and selling licenses within the second half of the 12 months can be an essential occasion for the business, as it should present a transparent regulatory framework and authorized certainty for crypto exchanges and different associated companies.
The transfer is predicted to spice up investor confidence and appeal to extra institutional traders {and professional} merchants to the Hong Kong market, additional boosting the event of the cryptocurrency business within the area.
Lu additionally highlighted the optimistic affect of cryptocurrency buying and selling on the complete digital financial system. He famous that the cryptocurrency market has change into a key driver of the digital financial system, creating new alternatives for technological innovation, funding and monetary companies. Cryptocurrency transactions can drive financial progress, create jobs and promote monetary inclusion.
Lu emphasised the significance of cryptocurrency buying and selling as a professional and controlled monetary exercise and the necessity for business gamers to work intently with regulators to create a wholesome and sustainable market setting.
As a part of its strategic plan, ASX International AUXSTO goals to actively take part within the utility course of for a cryptocurrency buying and selling license in Hong Kong.
Lu stated Hong Kong’s strategic location, well-established monetary infrastructure and rising demand for cryptocurrency investments create an excellent setting for ASX International to develop its enterprise and enter the Southeast Asian market.
The corporate sees Hong Kong as an essential gateway to faucet the large potential of the area’s cryptocurrency market, and goals to construct a long-term enterprise that meets 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 launch of cryptocurrency licensing in Hong Kong and the optimistic affect of cryptocurrency buying and selling on the digital financial system as key drivers of its strategic course.
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