AUXSTO Founder Tony Lu Highlights ASX World’s Plans to Broaden Hong Kong Crypto Market

Tony Lu, founding father of ASX World’s AUXSTO, lately spoke on the Hong Kong Web3 Competition 2023, outlining the corporate’s plans to enter the Hong Kong cryptocurrency market.

Lu highlighted a number of key factors in his speech, emphasizing the success of cryptocurrency regulation in Australia, the potential for complementary alternatives in Hong Kong’s native market, the significance of cryptocurrency licenses coming within the second half of the yr, and the optimistic impression of cryptocurrencies within the general digital financial system Buying and selling.

ASX World actively participates within the utility for a cryptocurrency buying and selling license in Hong Kong, and regards it as a long-term strategic route to penetrate the Southeast Asian market.

Lu started his speech by highlighting the success of cryptocurrency regulation in Australia. He famous that Australia has gathered intensive expertise in regulating crypto property, contributing to the expansion and growth of the trade within the nation. With its robust regulatory framework and supportive surroundings, Australia has change into a worldwide chief in cryptocurrency buying and selling.

Hong Kong can be taught from this expertise, Lu careworn, as the 2 markets share similarities in regulatory necessities and enterprise practices, creating alternatives for mutual profit.

Moreover, Lu emphasised the significance of the approaching issuance of cryptocurrency licenses in Hong Kong. He famous that the issuance of cryptocurrency buying and selling licenses within the second half of the yr will likely be a milestone for the trade as it’s going to present a transparent regulatory framework and authorized certainty for cryptocurrency exchanges and different associated companies.

The transfer is anticipated to spice up investor confidence and entice extra institutional traders {and professional} merchants to the Hong Kong market, additional boosting the event of the cryptocurrency trade within the area.

Lu additionally highlighted the optimistic impression of cryptocurrency buying and selling on the general 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 providers. Cryptocurrency transactions have the potential to stimulate financial development, create jobs and promote monetary inclusion.

Lu emphasised the significance of cryptocurrency buying and selling as a legit and controlled monetary exercise, and the necessity for trade gamers to work carefully with regulators to create a wholesome and sustainable market surroundings.

As a part of its strategic plan, ASX World’s AUXSTO goals to actively take part within the utility course of for a cryptocurrency buying and selling license in Hong Kong.

Lu mentioned that Hong Kong’s strategic location, well-established monetary infrastructure, and rising demand for cryptocurrency investments present a perfect surroundings for ASX World to broaden its enterprise and enter the Southeast Asian market.

The corporate sees Hong Kong as an essential gateway to faucet the massive potential of the area’s cryptocurrency market, and goals to ascertain a long-term enterprise to satisfy the wants of traders and merchants within the area.

Tony Lu’s presentation at Web3 Hong Kong 2023 highlighted ASX World’s plans to enter the Hong Kong cryptocurrency market. The corporate sees the success of cryptocurrency regulation in Australia, the approaching launch of cryptocurrency licensing in Hong Kong, and the optimistic impression of cryptocurrency buying and selling on the digital financial system as key drivers of its strategic route.