So, What Exactly Happened to Crypto in China?
Around the middle of last year, I found myself at a side event for the Bitcoin Asia conference in Hong Kong. Not my usual scene—but a Web3 client of mine was in town, and I was tagging along to support.
The moment I stepped inside, it felt like a parallel universe. I work in Hong Kong’s Web3 space, but on the more buttoned-up, enterprise side of things. This party had the usual characters you’d expect: North American “crypto bros” shouting over bass drops, young Western expats who flew in from Southeast Asia, LED screens looping NFT-ish visuals, people casually (and illegally) smoking indoors, and a sudden stampede when the free open bar for well drinks kicked off.
Mixed into…
