Crypto in Hong Kong with Sandy Peng
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 October 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Joining us today from Hong Kong is Sandy Peng. Sandy is here to tell us what crypto is like on the other side of the world, walking us through regulations, adoptions and bringing us fully up to speed on the landscape in Hong Kong.
For many of us this episode is a 0 to 1 moment in understanding around crypto in Hong Kong and more broadly China.
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RESOURCES
Sandy
https://twitter.com/SandyPeng1
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CHAPTERS
0:00 Intro
5:53 Hong Kong History
10:08 What is Hong Kong Like
12:27 Why Hong Kong is Successful
15:28 Innovators and Regulators
19:11 HK & China Relationship
26:35 Why is HK opening its Doors to Crypto
28:52 Crypto in HK
37:21 Has HK Put Its Foot on The Gas?
40:42 The Silicon Valley Of China
43:08 Stablecoin Legislation
45:08 How Crypto Friendly is HK?
46:54 Why Move To HK?
50:50 DeFi
54:46 Crypto Projects in HK
56:33 Watch The Debrief
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Transcript
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| 0:00.0 | I think really what we're trying to get at is understanding that Hong Kong has |
| 0:04.9 | meaningfully opened its doors to crypto. The question I have is that is |
| 0:09.8 | Hong Kong opening a source to crypto in spite of China or because of it? Bankless nation the question for today is Hong Kong warming up to crypto. |
| 0:25.0 | What would that mean for China, for the rest of Asia, for the world? |
| 0:28.0 | And how about for crypto? |
| 0:30.0 | We've gone deep into crypto protocols and movements in the past. |
| 0:32.8 | You've heard episodes like the crypto renaissance, |
| 0:35.2 | but now it is time to go back down the nation state rabbit hole |
| 0:38.5 | and explore what is going on in Hong Kong. |
| 0:41.8 | A few things we discuss on today's episode. Number one, what's the deal with Hong Kong? How about |
| 0:45.7 | its history? How about its relationship with China? Number two, is Hong Kong |
| 0:49.9 | turning crypto-friendly? What's the evidence of this? What do things look like on the ground? |
| 0:54.3 | Number three, is Hong Kong trying to position itself as the epicenter of |
| 0:58.5 | crypto in Asia? Do other city states like Singapore have something to say about this? |
| 1:03.2 | And number four, if Hong Kong goes crypto, will China follow? |
| 1:07.9 | These are the big questions in today's episode. |
| 1:09.9 | Why was this significant to you, David? |
| 1:11.6 | There's a growing movement out there of just focus on city |
| 1:14.9 | states as bastions of innovation and entrepreneurship. |
| 1:19.4 | And this is, I would say, definitely the story of Hong Kong |
| 1:22.4 | and also Singapore and other examples as well. |
| 1:24.5 | People have certainly learned that just good regulation and good rulemaking can produce and |
... |
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