TechCrunch
One such destination is Hong Kong, which, seeking to restore its status as a financial hub, is banking on favorable crypto regulations to draw a fresh wave of entrepreneurs, technologists and investors. There were noticeably more participants from the Western Hemisphere compared to last year, when the event felt like a gathering of those seeking refuge from mainland China's restrictive crypto policy. Excitement around Hong Kong's web3 scene started to bubble up last June, when the government made it legal for retail investors to trade crypto.