The upcoming Bitcoin Asia 2025 conference in Hong Kong on August 28-29 has stirred attention not only for its agenda but also for the withdrawal of two local officials. This shift occurred following Eric Trump being announced as a speaker.
Officials Withdraw from Participation
Eric Yip, Director at the Securities and Futures Commission (SFC), and lawmaker Johnny Ng have withdrawn from the Bitcoin Asia 2025 Conference. Their names have been removed from the event's website. Ng cited 'family issues' as the reason for his withdrawal, while the SFC confirmed that Yip will be unavailable due to a business trip.
Eric Trump's Role at the Conference
Despite the withdrawals, Eric Trump remains a key speaker at the conference. He is expected to lead sessions focused on Bitcoin, underscoring the US's ambition to solidify its position in the crypto space. Eric is a co-founder of American Bitcoin and is involved with World Liberty Financial.
Hong Kong's Crypto Development Plans
Hong Kong is actively pursuing its ambition to become a crypto hub in Asia. The SFC recently introduced new rules to safeguard users' digital assets on licensed virtual asset trading platforms. There are also new licensing rules for stablecoins, indicating the region's commitment to developing its crypto infrastructure amidst global competition.
The controversy surrounding Eric Trump's participation at the Bitcoin Asia 2025 Conference highlights the complex political landscape in Hong Kong and its aim to emerge as a leader in the crypto industry despite rising tensions between the US and China.
