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Ex-Meta employees’ Aptos tests Hong Kong’s crypto appetite
Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial
Started by some of the original creators of Meta’s abandoned crypto payment project Diem, Aptos is set to host a DeFi event in Hong Kong this April. “I was in Hong Kong twice last year in a span of three months,” said Mo Shaikh, co-founder and CEO of Aptos, which is a Layer 1 blockchain, meaning it doesn’t rely on existing decentralized networks like Ethereum or Solana. While mainland China bans all forms of cryptocurrency trading, the government leaves the option open in Hong Kong, a move seen by many industry watchers as a sandbox for Beijing to toy with web3 without potentially incurring financial volatility for the rest of the country.
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