TechFlow News: On February 12, according to the Hong Kong Economic Journal, Consensus is being held in Hong Kong for the second consecutive year. Chan Ho-lam, Deputy Financial Secretary, stated that this year’s conference is expected to attract between 12,000 and 15,000 attendees, approximately 75% of whom will be from outside Hong Kong, generating over HK$300 million in direct economic benefits.
Chan Ho-lam noted that Consensus’ decision to hold the event in Hong Kong for two consecutive years affirms Hong Kong’s leading position in Asia’s Web3 ecosystem. Currently, hundreds of Web3 companies operate in Hong Kong, along with 11 licensed virtual asset trading platforms. The Hong Kong Monetary Authority is reviewing stablecoin licensing applications, with the first batch of licenses expected to be issued this quarter. Meanwhile, regulatory legislative proposals targeting digital asset service providers are scheduled to be submitted to the Legislative Council this summer.
