Edith Yeung, co-founder of Race Capital, closely follows the development of the crypto industry in Hong Kong. Yeung played a key role in the industry by investing at an early stage in projects such as Solana and Lightning Network. He also writes the annual “China Internet report” covering Chinese technology trends.
Hong Kong’s Crypto Regulations
Yeung noted that an open licensing regime is a big step for Hong Kong’s progress in the crypto space. He stated that the availability of seven SFC licensed virtual asset trading platforms increases investor confidence. However, he emphasized that licensing alone is not enough and liquidity is also of critical importance.
“The gradual emergence of pro-crypto regulations in Hong Kong is a positive sign for China,” Yeung said.
Yeung described Hong Kong as the New York of Asia and stated that the financial potential in the region is high. He said Hong Kong offers a rich source of traditional finance talent, which provides an advantage for crypto entrepreneurs.
Solana Investments and Future Expectations
Speaking about early investments in Solana, Yeung emphasized the project’s support of the developer community and its future potential. He stated that the fact that traditional finance players are working on Solana shows that blockchain technology is ready for the masses.
Yeung stated that, as Race Capital, they will continue to focus on internet infrastructure and invest in sustainable projects in the long term.
He predicts that with the increasing integration of artificial intelligence and blockchain technology, Hong Kong will play an even more important role in the crypto industry. He also thinks Solana will continue to grow by increasing liquidity and user base.
In light of these developments, Hong Kong is expected to contribute to future growth in the crypto sector by creating a solid infrastructure and an active market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
