According to Foresight News, at the "FORESIGHT 2024" annual summit, Bitrace CEO Isabel Shi said in the roundtable forum "Increase in the Hong Kong Crypto Market" that "the Hong Kong government's "Web 3 New Policy" has brought a strong positive impact on the development of the local industry. At present, the service providers that mainly provide over-the-counter trading services to Hong Kong users are experiencing a rapid growth in transaction volume, with a total transaction volume of hundreds of billions of USDT in the past three years. Among them, the transaction volume in the most recent year accounted for more than 50%, and the proportion of funds associated with high-risk activities decreased from 21% to 12%. "
The annual FORESIGHT 2024 summit was held at the Hong Kong Ocean Park Marriott Hotel from August 11 to August 12. The full live broadcast is now available on the Foresight News official website. This summit is co-organized by Foresight Ventures, Foresight News and The Block. It aims to provide a stage for communication and collision of ideas for global Web3 builders, and to build a bridge connecting the East and the West and bridging regional differences. We invited senior political officials, industry leaders, heads of traditional institutions, top VC investors and representatives of popular projects to discuss dozens of hot topics such as the new chapter of Web3 in Asia, the strategic opportunities and challenges of institutional entry, the regulatory context under the background of compliance, the new trend of global Web3 investment, the Bitcoin ecosystem, AI+Crypto from narrative to application, large-scale application of ZK, and social networking.